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550 Eastern Ave, Lynn MA 01902

$949,900

Estimated $2,264.18/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $316,633.33

Total Rent: 44400/year

Estimated CAP Rate: 3.76%

6 Bedrooms

4 Full Baths

2,386 SqFt

Total Parking: 6 (1 Garage)

5,236 SqFt

3 family Home in highly sought area of East Lynn. 2nd floor to be delivered vacant. This home has ample parking and large back yard. Great proximity to everything including schools, flax pond, shopping and more....... Perfect for owner occupied or Investment. CERTIFIED TREATED FOR LEAD PAINT. CERTIFICATES IN HAND!!!

This home has been viewed 49 times

Last Checked: May 29th, 2025 at 4:29am (Source: MLS PIN #73356514)

Gross Income: $44,400

Gross Expenses: $8,687

Net Income Calc: $35,713

CAP Rate: 3.76%

Annual Expenses for 550 Eastern Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$8,687/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,687

Annual Income & Unit Breakdown for 550 Eastern Ave, Lynn MA 01902

Total Gross Income (Calculated)$44,400

Unit 1

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,700

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 550 Eastern Ave, Lynn MA 01902

Listing ID73356514

Property TypeMulti Family / 3 Family

Price$949,900 ($398.11/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,386 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking6 (1 Garage)

Garage Parking1 / Detached

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpaceDeck - Wood

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 550 Eastern Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$44,400

Total Net Income By Broker$44,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 550 Eastern Ave, Lynn MA 01902

Real Estate Taxes$8,687

Tax Year2025

Assessed Value$838,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$44,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$44,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.76%

Location Information for 550 Eastern Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation

Contact Information for 550 Eastern Ave, Lynn MA 01902

Agent

Name: Francis Santaniello

Office

Name: Weichert REALTORS® Blueprint Brokers

Phone: 857-204-7179

Team Members

Name: Robert Anderson

Phone: 781-308-5391

Payment Calculator

, Interest

Property Taxes 723.92

Principal & Interest 5852.98

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Weichert REALTORS® Blueprint Brokers

Francis Santaniello

Agent Phone

Office Phone

(857) 204-7179

Text Agent Call Agent Call Office

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[terms] => Array
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[uffi] => Array
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[year_built] => 1915
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)

EXIT

Withdrawn

550 Eastern Ave, Lynn MA 01902

$949,900

Annual Expenses for 550 Eastern Ave, Lynn MA 01902

Annual Income & Unit Breakdown for 550 Eastern Ave, Lynn MA 01902

General Information for 550 Eastern Ave, Lynn MA 01902

Disclosures for 550 Eastern Ave, Lynn MA 01902

Financial Information for 550 Eastern Ave, Lynn MA 01902

Location Information for 550 Eastern Ave, Lynn MA 01902

Contact Information for 550 Eastern Ave, Lynn MA 01902

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Weichert REALTORS® Blueprint Brokers

Francis Santaniello