Four-family residential property located in the desirable Lower Pine Hill neighborhood. Built in 1900, this well-maintained multi-family home offers a total of 18 rooms across four separate units, providing a solid income-generating opportunity for investors, owner occupants, and multi-generational living. Detached two car garage + storage. Premier location offers convenient access to public transportation, shopping, parks, and schools, enhancing its appeal. This is a rarely offered opportunity for those seeking to expand their real estate portfolio or live as an owner occupant in the heart of Lynn.
This home has been viewed 53 times
Last Checked: June 28th, 2025 at 4:29am (Source: MLS PIN #73385358)
Gross Income: $120,480
Gross Expenses: $9,526
Net Income Calc: $110,954
CAP Rate: 8.88%
Annual Expenses for 81-83 Walnut St, Lynn MA 01905
Total Gross Expenses (Calculated)$9,526/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,526
Annual Income & Unit Breakdown for 81-83 Walnut St, Lynn MA 01905
Total Gross Income (Calculated)$120,480
Unit 1
Rental Income$2,140
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,650
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$3,350
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$1,900
LeaseY
Bedrooms2
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingNo
Rent Includes
General Information for 81-83 Walnut St, Lynn MA 01905
Listing ID73385358
Property TypeMulti Family / 4 Family
Price$1,250,000 ($358.99/SqFt)
Style4 Family
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,482 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking4 (2 Garage)
Garage Parking2 / Detached
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter,Stone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 81-83 Walnut St, Lynn MA 01905
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosureTotal Living Area includes 12' x 20' Addition (app
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$120,480
Total Net Income By Broker$120,480
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 81-83 Walnut St, Lynn MA 01905
Real Estate Taxes$9,526
Tax Year2025
Assessed Value$919,500
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$120,480
BostonRealEstate.com Gross Income
Total Net Income By Broker$120,480
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)8.88%
Location Information for 81-83 Walnut St, Lynn MA 01905
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesSidewalks
Contact Information for 81-83 Walnut St, Lynn MA 01905