Attention Investors! Income Property! Deleaded Two Family Home Ready For Its New Owners! Perfect to Add To Investor Portfolio! Unit 1 Boasts 5 Rooms, 2 Bedrooms, 1.5 Bathrooms including an Eat-In Kitchen. Unit 2 Is a Townhouse Style Apartment Located On 2 Levels, And Has 7 Rooms, 5 Bedrooms, 2 Full Baths and an Enclosed Porch. 2 Separate Forced Air Gas Heating Systems and Gas Hot Water Heaters. 2 Car Parking On Paved Driveway. Property Needs Cosmetics! Solid Investment! GROUP SHOWING SCHEDULED SUNDAY SEPTEMBER 21ST 3PM-4PM
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Last Checked: November 30th, 2025 at 5:29am (Source: MLS PIN #73378387)
Gross Income: $55,200
Gross Expenses: $7,614
Net Income Calc: $47,586
CAP Rate: 7.00%
Annual Expenses for 329 Essex St, Lynn MA 01902
Total Gross Expenses (Calculated)$7,614/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$7,614
Annual Income & Unit Breakdown for 329 Essex St, Lynn MA 01902
Total Gross Income (Calculated)$55,200
Unit 1
Rental Income$1,900
LeaseY
Bedrooms2
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,700
LeaseY
Bedrooms5
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 329 Essex St, Lynn MA 01902
Listing ID73378387
Property TypeMulti Family / 2 Family
Price$679,900 ($229.62/SqFt)
Style2 Family - 2 Units Up/down
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,961 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking2
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceEnclosed
ZoningR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Ownership(public), 1/2 To 1 Mile To Beach
Energy Features
Terms
Disclosures for 329 Essex St, Lynn MA 01902
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureMeasurements are approximate.
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$55,200
Total Net Income By Broker$55,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnCompensation Offered But Not In Mls
Financial Information for 329 Essex St, Lynn MA 01902
Real Estate Taxes$7,614
Tax Year2025
Assessed Value$734,923
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$55,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$55,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.00%
Location Information for 329 Essex St, Lynn MA 01902
Elementary SchoolLynn Public
Middle SchoolLynn Public
High SchoolLynn Public
Neighborhood(s)
MLS Area
Area AmenitiesHouse Of Worship, Public School, Shopping, Golf, Park, Laundromat, Public Transportation, T-station
Contact Information for 329 Essex St, Lynn MA 01902