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72 74 Hanover Street, Lynn MA 01902

$975,000

Estimated $2,275.97/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $325,000

Total Rent: 94284/year

Estimated CAP Rate: 8.81%

9 Bedrooms

3 Full Baths

3,513 SqFt

Total Parking: 2

2,378 SqFt

Located at 72 74 Hanover Street, in the vibrant city of Lynn, Massachusetts, this multi-family residence presents a unique opportunity to own a substantial property with enduring character. Its location offers convenience and access to the amenities of city life. This classic Triple Decker features updated heat and hot water. All 3 units have Certificates of Compliance. Great rents with 3 bedrooms in each unit. Third floor is leased until, 1st and second floors vacant and ready to occupancy. Third floor rent is actual, 1st and second floor rents are from most recent tenants. All in all a great opportunity for the owner occupant to live and collect solid rental income, or the investor to capitalize!

This home has been viewed 6 times

Last Checked: December 7th, 2025 at 7:33am (Source: MLS PIN #73460401)

Gross Income: $94,284

Gross Expenses: $8,340

Net Income Calc: $85,944

CAP Rate: 8.81%

Annual Expenses for 72 74 Hanover Street, Lynn MA 01902

Total Gross Expenses (Calculated)$8,340/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,340.16

Annual Income & Unit Breakdown for 72 74 Hanover Street, Lynn MA 01902

Total Gross Income (Calculated)$94,284

Unit 1

Rental Income$2,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$2,700

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 3

Rental Income$2,757

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

General Information for 72 74 Hanover Street, Lynn MA 01902

Listing ID73460401

Property TypeMulti Family / 3 Family

Price$975,000 ($277.54/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,513 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking2

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpacePorch

ZoningR4

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 72 74 Hanover Street, 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$99,084

Total Net Income By Broker$99,084

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 72 74 Hanover Street, Lynn MA 01902

Real Estate Taxes$8,340.16

Tax Year2026

Assessed Value$785,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$99,084

BostonRealEstate.com Gross Income

Total Net Income By Broker$99,084

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.81%

Location Information for 72 74 Hanover Street, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 72 74 Hanover Street, Lynn MA 01902

Agent

Name: Bill McMahon

Office

Name: McMahon Natoli Realty

Phone: 617-224-2527

Payment Calculator

, Interest

Property Taxes 695.01

Principal & Interest 6007.64

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

McMahon Natoli Realty

Bill McMahon

Agent Phone

Office Phone

(617) 224-2527

Text Agent Call Agent Call Office

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EXIT

Active

72 74 Hanover Street, Lynn MA 01902

$975,000

Annual Expenses for 72 74 Hanover Street, Lynn MA 01902

Annual Income & Unit Breakdown for 72 74 Hanover Street, Lynn MA 01902

General Information for 72 74 Hanover Street, Lynn MA 01902

Disclosures for 72 74 Hanover Street, Lynn MA 01902

Financial Information for 72 74 Hanover Street, Lynn MA 01902

Location Information for 72 74 Hanover Street, Lynn MA 01902

Contact Information for 72 74 Hanover Street, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

McMahon Natoli Realty

Bill McMahon