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199 Allen Ave, Lynn MA 01902

$539,900

Estimated $1,418.53/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $269,950

Total Rent: 62400/year

Estimated CAP Rate: 10.35%

4 Bedrooms

3 Full Baths

1,670 SqFt

Total Parking: 2

2,609 SqFt

BUYERS AND INVESTORS DELIGHT! SOME OPPORTUNITY KNOCKS ONLY ONCE. THIS 8-ROOM, 4-BEDROOM, 2-FAMILY HOUSE IN THE CITY OF LYNN IS BOASTING HARDWOOD FLOORS AND SOME VINYL. FIRST FLOOR FEATURES 4 ROOMS, 2 GOOD-SIZED BEDROOMS, AND A FULL BATH. SECOND FLOOR FEATURES ALSO 4 ROOMS, 2 BEDROOMS, AND A FULL BATH. THIS IS BEING SOLD AS- SEEN, AS -IS CONDITION. THE SELLER AND AGENT MAKE NO WARRANTIES OR REPRESENTATIONS REGARDING THE PROPERTY'S CONDITION, INCLUDING THE HEATING SYSTEM. RIGHT NOW, UTILITIES ARE ALL SHUT OFF. THE BUYER IS RESPONSIBLE FOR OBTAINING THE SMOKE CERTIFICATE. MOSTLY CASH BUYERS.

This home has been viewed 1 time

Last Checked: December 9th, 2025 at 8:33am (Source: MLS PIN #73460803)

Gross Income: $62,400

Gross Expenses: $6,517

Net Income Calc: $55,883

CAP Rate: 10.35%

Annual Expenses for 199 Allen Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$6,517/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,517

Annual Income & Unit Breakdown for 199 Allen Ave, Lynn MA 01902

Total Gross Income (Calculated)$62,400

Unit 1

Rental Income$2,600

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,600

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 199 Allen Ave, Lynn MA 01902

Listing ID73460803

Property TypeMulti Family

Price$539,900 ($323.29/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,670 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking2

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 199 Allen 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$62,400

Total Net Income By Broker$62,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 199 Allen Ave, Lynn MA 01902

Real Estate Taxes$6,517

Tax Year2025

Assessed Value$629,102

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$62,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$62,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.35%

Location Information for 199 Allen Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 199 Allen Ave, Lynn MA 01902

Agent

Name: Wisland Georges

Office

Name: Georges Realty Services

Phone: 781-350-4428

Team Members

Name: Jean Fred Charlestin

Phone: 857-249-2370

Payment Calculator

, Interest

Property Taxes 543.08

Principal & Interest 3326.69

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Georges Realty Services

Wisland Georges

Agent Phone

Office Phone

(781) 350-4428

Text Agent Call Agent Call Office

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    [description] => BUYERS AND INVESTORS DELIGHT! SOME OPPORTUNITY KNOCKS ONLY ONCE. THIS 8-ROOM, 4-BEDROOM, 2-FAMILY HOUSE IN THE CITY OF LYNN IS BOASTING HARDWOOD FLOORS AND SOME VINYL. FIRST FLOOR FEATURES 4 ROOMS, 2 GOOD-SIZED BEDROOMS, AND A FULL BATH. SECOND FLOOR FEATURES ALSO 4 ROOMS, 2 BEDROOMS, AND A FULL BATH.  THIS IS BEING SOLD AS- SEEN, AS -IS CONDITION. THE SELLER AND AGENT MAKE NO WARRANTIES OR REPRESENTATIONS REGARDING THE PROPERTY'S CONDITION, INCLUDING THE HEATING SYSTEM. RIGHT NOW, UTILITIES ARE ALL SHUT OFF. THE BUYER IS RESPONSIBLE FOR OBTAINING THE SMOKE CERTIFICATE. MOSTLY CASH BUYERS.
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    [handicap_access] => No
    [heating] => No
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[high_school] => 
    [horse_features] => Array
        (
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[horse_permitted] => No
    [hot_water] => Array
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[id] => 712844
    [insurance_expense] => Array
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[owner_occupancy_source] => 
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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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                    [zip] => 02155
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[terms] => Array
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    [title_5] => 
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    [total_gross_income] => 62400
    [total_parking] => 2
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[uffi] => Array
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            [0] => 199 Allen Ave, Lynn MA 01902
        )

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[water_expense] => Array
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EXIT