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16 Salem St, Lynn MA 01905

$949,900

Estimated $2,233/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $316,633.33

Total Rent: 69000/year

Estimated CAP Rate:

6 Bedrooms

Baths

3357

Total Parking: 4

4,994 (0.11)

West Lynn! This is a solid three family investment property located on a fenced in corner lot. Nestled in a nice neighborhood. Close to all amenities. First & second floor are spacious, they consist of living room, dining room, kitchen, each having two bedrooms & each unit has a full bathroom. Third floor has kitchen, living room, two bedrooms, bathroom, & second means of egress. Parking for 4+ cars off street. Basement has plenty of storage room & laundry hook ups. Close to schools, shopping, restaurants, Beaches, Ferry, train station, College, airport, & Boston. Property to be in shown during the week on evenings from 530 to 7 and weekends are flexible.

This home has been viewed 15 times

Last Checked: April 30th, 2026 at 4:29am (Source: MLS PIN #73486068)

Gross Income: $69,000

Gross Expenses: $13,809

Net Income Calc: $55,191

Water Views

Annual Expenses for 16 Salem St, Lynn MA 01905

Total Gross Expenses (Calculated)$13,809/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8309

Annual Income & Unit Breakdown for 16 Salem St, Lynn MA 01905

Total Gross Income (Calculated)$69,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 16 Salem St, Lynn MA 01905

Listing ID73486068

Property TypeMulti Family / 3 Family

Price949900 ($282.96/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total3357

Approximate Lot Size (Acres)0.11

Total Parking4

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 16 Salem St, Lynn MA 01905

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 16 Salem St, Lynn MA 01905

Real Estate Taxes8309

Tax Year2025

Assessed Value$870,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 16 Salem St, Lynn MA 01905

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 16 Salem St, Lynn MA 01905

Agent

Name: Melissa Jeffery

Office

Name: Toner Real Estate, LLC

Phone: 781-780-9054

Payment Calculator

, Interest

Property Taxes 692.42

Principal & Interest 5852.98

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Toner Real Estate, LLC

Melissa Jeffery

Agent Phone

Office Phone

(781) 780-9054

Text Agent Call Agent Call Office

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    [description] => West Lynn! This is a solid three family investment property located on a fenced in corner lot. Nestled in a nice neighborhood. Close to all amenities. First & second floor are spacious, they consist of living room, dining room, kitchen, each having two bedrooms & each unit has a full bathroom. Third floor has kitchen, living room, two bedrooms, bathroom, & second means of egress. Parking for 4+ cars off street. Basement has plenty of storage room & laundry hook ups. Close to schools, shopping, restaurants, Beaches, Ferry, train station, College, airport, & Boston.  Property to be in shown during the week on evenings from 530 to 7 and weekends are flexible.
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    [unparsed] => 16 Salem St, Lynn MA 01905
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EXIT

28 More Photos

Withdrawn

16 Salem St, Lynn MA 01905

$949,900

Annual Expenses for 16 Salem St, Lynn MA 01905

Annual Income & Unit Breakdown for 16 Salem St, Lynn MA 01905

General Information for 16 Salem St, Lynn MA 01905

Disclosures for 16 Salem St, Lynn MA 01905

Financial Information for 16 Salem St, Lynn MA 01905

Location Information for 16 Salem St, Lynn MA 01905

Contact Information for 16 Salem St, Lynn MA 01905

Agent

Office

Payment Calculator

Exclusive Listing Agent

Toner Real Estate, LLC

Melissa Jeffery