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Active

2-4 Mount Vernon St, Lynn MA 01901

$1,100,000

Estimated $2,514.47/month Calculator

Multi Family

Total Units: 13

Price Per Unit: $84,615.38

Total Rent: 0/year

Estimated CAP Rate: -0.80%

10 Bedrooms

13 Full Baths

8,550 SqFt

Total Parking: 0

2,540 SqFt

Located in Lynn’s CBD district, this is a by-right development project with approved plans for 13 total units, including 3 ground-floor commercial spaces, 9 market-rate residential units, and 1 affordable lottery unit. Just steps from the MBTA and surrounded by downtown restaurants and shops. Prime location with strong rental and retail demand. Will be delivered fully permitted, allowing developers to begin construction right away. Excellent opportunity in one of the North Shore’s fastest-growing markets.

This home has been viewed 28 times

Last Checked: November 9th, 2025 at 5:33am (Source: MLS PIN #73451002)

Gross Income: $0

Gross Expenses: $8,770

Net Income Calc: $8,770

CAP Rate: -0.80%

Annual Expenses for 2-4 Mount Vernon St, Lynn MA 01901

Total Gross Expenses (Calculated)$8,770/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,770

Annual Income & Unit Breakdown for 2-4 Mount Vernon St, Lynn MA 01901

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 2-4 Mount Vernon St, Lynn MA 01901

Listing ID73451002

Property TypeMulti Family

Price$1,100,000 ($128.65/SqFt)

Style5+ Family - 5+ Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total8,550 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built2025

Year Built SourceBuilder

Year Renovated

Year Built DetailsTo Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone

Accessible Features

Outdoor Space

ZoningCBD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 2-4 Mount Vernon St, Lynn MA 01901

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureTo be built

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 2-4 Mount Vernon St, Lynn MA 01901

Real Estate Taxes$8,770

Tax Year2025

Assessed Value$441,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.80%

Location Information for 2-4 Mount Vernon St, Lynn MA 01901

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Shopping, Park, Public Transportation

Contact Information for 2-4 Mount Vernon St, Lynn MA 01901

Agent

Name: Gene Bernshtein

Office

Name: Rise Signature Homes

Phone: 617-383-5659

Payment Calculator

, Interest

Property Taxes 730.83

Principal & Interest 6777.85

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Rise Signature Homes

Gene Bernshtein

Agent Phone

Office Phone

(617) 383-5659

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Active

2-4 Mount Vernon St, Lynn MA 01901

$1,100,000

Annual Expenses for 2-4 Mount Vernon St, Lynn MA 01901

Annual Income & Unit Breakdown for 2-4 Mount Vernon St, Lynn MA 01901

General Information for 2-4 Mount Vernon St, Lynn MA 01901

Disclosures for 2-4 Mount Vernon St, Lynn MA 01901

Financial Information for 2-4 Mount Vernon St, Lynn MA 01901

Location Information for 2-4 Mount Vernon St, Lynn MA 01901

Contact Information for 2-4 Mount Vernon St, Lynn MA 01901

Agent

Office

Payment Calculator

Exclusive Listing Agent

Rise Signature Homes

Gene Bernshtein