Overview Property Details Payment Calculator Walkability

Active

101-103 Lynnway, Lynn MA 01902

$1,130,000

Estimated $2,594.12/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $376,666.67

Total Rent: 100800/year

Estimated CAP Rate: 8.11%

8 Bedrooms

3 Full Baths

3,460 SqFt

Total Parking: 2

3,803 SqFt

Attention Buyers and Investors! Presenting 101-103 Lynnway, an exceptional three-family home situated in the sought-after Diamond District of Lynn. This property comprises three generously sized, move-in ready units, each recently modernized to meet current standards. The ba...

This home has been viewed 46 times

Last Checked: May 20th, 2025 at 7:58am (Source: MLS PIN #73345460)

Gross Income: $100,800

Gross Expenses: $9,142

Net Income Calc: $91,658

CAP Rate: 8.11%

Water Views

Beach Front

Annual Expenses for 101-103 Lynnway, Lynn MA 01902

Total Gross Expenses (Calculated)$9,142/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,142

Annual Income & Unit Breakdown for 101-103 Lynnway, Lynn MA 01902

Total Gross Income (Calculated)$100,800

Unit 1

Rental Income$3,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,900

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 101-103 Lynnway, Lynn MA 01902

Listing ID73345460

Property TypeMulti Family / 3 Family

Price$1,130,000 ($326.59/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS AreaDiamond District

Neighborhood(s)

Approximate Living Area Total3,460 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking2

Garage Parking

Year Built1909

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR5

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach

Energy Features

Terms

Disclosures for 101-103 Lynnway, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$20,000

Total Gross Income By Broker$100,800

Total Net Income By Broker$80,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 101-103 Lynnway, Lynn MA 01902

Real Estate Taxes$9,142

Tax Year2025

Assessed Value$882,400

Financial Data SourceEstimated

Total Gross Expenses By Broker$20,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$100,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$80,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.11%

Location Information for 101-103 Lynnway, Lynn MA 01902

Elementary SchoolE.J.Harrington

Middle SchoolFecteau-Leary

High SchoolFecteau-Leary

Neighborhood(s)

MLS AreaDiamond District

Area AmenitiesPublic School, Shopping, Park, Public Transportation, T-station, Tennis Court(s), Marina

Contact Information for 101-103 Lynnway, Lynn MA 01902

Agent

Name: Linlet Patel

MLS ID: CN251203

Office ID: AN5038

Address: 6 Moonshadow Drive Unit B

City: Pelham

State: NH

Zip: 03076

Office

Name: Tesla Realty Group LLC

MLS Office ID: AN5038

Phone: 844-837-5274

Payment Calculator

$7,724.53 per month

30 Years Fixed, 6.75% Interest

Property Taxes $761.83

Principal & Interest $6,962.70

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Tesla Realty Group LLC

Linlet Patel

Agent Phone

Office Phone

(844) 837-5274

Text Agent Call Agent Call Office

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EXIT

Active

101-103 Lynnway, Lynn MA 01902

$1,130,000

Annual Expenses for 101-103 Lynnway, Lynn MA 01902

Annual Income & Unit Breakdown for 101-103 Lynnway, Lynn MA 01902

General Information for 101-103 Lynnway, Lynn MA 01902

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Financial Information for 101-103 Lynnway, Lynn MA 01902

Location Information for 101-103 Lynnway, Lynn MA 01902

Contact Information for 101-103 Lynnway, Lynn MA 01902

Agent

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Tesla Realty Group LLC

Linlet Patel