204 Eastern Avenue, Lynn, MA 01902
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$1,399,999
5 Unit
7 Beds
5 Baths
3567 SQFT
0.12 Acre

Property Description

Exceptional Turnkey Multi-Family Opportunity on the Lynn/Swampscott Line! This fully renovated legal 3-family property offers outstanding flexibility for investors or owner-occupants. Featuring 7 bedrooms & 5 full baths, the home includes beautifully updated units with bright living spaces, eat-in kitchens, white cabinetry, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. Bathrooms showcase today's sought-after design with oversized showers & elegant gray-and-white décor. The finished attic provides additional living space with a bedroom, flex room, full bath, and kitchenette. Enjoy five maintenance-free composite decks, a fenced yard, updated windows, newly redone walkways, & low-maintenance vinyl siding w/stone accents. Ample parking includes a 2-car garage plus additional off-street spaces for up to 5 vehicles. Conveniently located near shopping, restaurants, beaches, & the Swampscott Commuter Rail. A rare move-in-ready investment opportunity.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Central Heat, Electric, Electric Baseboard, Electric Baseboard, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Hot Water Radiators, Oil, Radiant, Space Heater, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 141600
  • Gross Expenses: 19262
  • GSE: 1700
  • Electric Expenses: 600
  • Water/Sewer: 1300
  • INSC: 3878
  • Miscellaneous Expense: 2
  • Net Operating Income: 122338

Utilities

  • Heat Zones: 3
  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water, None
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 4 Description

  • Included in Rent: Electric, Heat, Hot Water, None
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73541580
  • Last Updated: 08/03/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/29/2026Active$1,399,999$392MLSPIN
06/25/2026New$1,399,999$392MLSPIN

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Seller's Representative: Nikki Martin Team, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-03 14:08:00