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Active Under Contract

244 Ocean St, Lynn MA 01902

$1,199,000

Estimated $2,869/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $399,666.67

Total Rent: 28800/year

Estimated CAP Rate:

11 Bedrooms

Baths

5098

Total Parking: 8 (1 Garage)

13,913 (0.32)

Attention investors and owner-occupants! Don’t miss this exceptional 3-family home opportunity located in the heart of the Diamond District with ocean views. This character-filled property offers timeless architectural charm, spacious living areas, hardwood floors, high ceilings, oversized windows, elegant original details, and generously sized rooms throughout.Featuring decorative moldings, updated bathrooms, expansive kitchen spaces, and multiple spacious bedrooms, the property offers flexibility for comfortable living or strong investment potential. Situated on a large lot with ample outdoor space, the property includes 6 off-street parking spaces, 1 garage space, basement storage, and utility areas. Conveniently located near shops, restaurants, schools, beaches, public transportation, and major commuter routes. Photos may be digitally enhanced for marketing purposes and may not reflect the property’s exact current appearance.

This home has been viewed 19 times

Last Checked: May 21st, 2026 at 10:23am (Source: MLS PIN #73517703)

Gross Income: $28,800

Gross Expenses: $20,402

Net Income Calc: $8,398

Water Views

Annual Expenses for 244 Ocean St, Lynn MA 01902

Total Gross Expenses (Calculated)$20,402/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11102

Annual Income & Unit Breakdown for 244 Ocean St, Lynn MA 01902

Total Gross Income (Calculated)$28,800

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 244 Ocean St, Lynn MA 01902

Listing ID73517703

Property TypeMulti Family / 3 Family

Price1199000 ($235.19/SqFt)

Style3 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total5098

Approximate Lot Size (Acres)0.32

Total Parking8 (1 Garage)

Garage Parking1

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

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 ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 244 Ocean St, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Staging And Seller's Personal Items.

Financial Data SourceEstimated

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 244 Ocean St, Lynn MA 01902

Real Estate Taxes11102

Tax Year2025

Assessed Value$1,071,600

Financial Data SourceEstimated

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 244 Ocean St, Lynn MA 01902

Neighborhood(s)

Area Amenities

Contact Information for 244 Ocean St, Lynn MA 01902

Agent

Name: Brenden Uy

Office

Name: Centre Realty Group

Phone: 617-739-7000

Payment Calculator

, Interest

Property Taxes 925.17

Principal & Interest 7387.86

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Centre Realty Group

Brenden Uy

Agent Phone

Office Phone

(617) 739-7000

Text Agent Call Agent Call Office

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    [description] => Attention investors and owner-occupants! Don’t miss this exceptional 3-family home opportunity located in the heart of the Diamond District with ocean views. This character-filled property offers timeless architectural charm, spacious living areas, hardwood floors, high ceilings, oversized windows, elegant original details, and generously sized rooms throughout.Featuring decorative moldings, updated bathrooms, expansive kitchen spaces, and multiple spacious bedrooms, the property offers flexibility for comfortable living or strong investment potential. Situated on a large lot with ample outdoor space, the property includes 6 off-street parking spaces, 1 garage space, basement storage, and utility areas. Conveniently located near shops, restaurants, schools, beaches, public transportation, and major commuter routes. Photos may be digitally enhanced for marketing purposes and may not reflect the property’s exact current appearance.
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    [unparsed] => 244 Ocean St, Lynn MA 01902
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EXIT

39 More Photos

Active Under Contract

244 Ocean St, Lynn MA 01902

$1,199,000

Annual Expenses for 244 Ocean St, Lynn MA 01902

Annual Income & Unit Breakdown for 244 Ocean St, Lynn MA 01902

General Information for 244 Ocean St, Lynn MA 01902

Disclosures for 244 Ocean St, Lynn MA 01902

Financial Information for 244 Ocean St, Lynn MA 01902

Location Information for 244 Ocean St, Lynn MA 01902

Contact Information for 244 Ocean St, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Centre Realty Group

Brenden Uy