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32 Morris Street, Lynn MA 01905

$989,900

Estimated $2,305/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $329,966.67

Total Rent: 104400/year

Estimated CAP Rate:

9 Bedrooms

Baths

3456

Total Parking: 4

3,205 (0.07)

Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample parking, this well-cared-for three-family property offers three spacious units with letters of de-leaded compliance. Each unit features five rooms and three bedrooms. All apartments are separately metered and equipped with gas heat, providing convenience for both landlords and tenants. The property has been well maintained and features a low-maintenance exterior with vinyl siding and a rubber roof. All three units are currently occupied, generating immediate rental income with a solid rent roll already in place. Whether you’re looking to expand your portfolio or live in one unit while collecting rental income from the others, this is a rare opportunity to own a turnkey multi-family property in one of Lynn’s most sought-after neighborhoods.

This home has been viewed 17 times

Last Checked: June 24th, 2026 at 5:33am (Source: MLS PIN #73536399)

Gross Income: $104,400

Gross Expenses: $17,446

Net Income Calc: $86,954

Water Views

Annual Expenses for 32 Morris Street, Lynn MA 01905

Total Gross Expenses (Calculated)$17,446/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8400

Annual Income & Unit Breakdown for 32 Morris Street, Lynn MA 01905

Total Gross Income (Calculated)$104,400

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 32 Morris Street, Lynn MA 01905

Listing ID73536399

Property TypeMulti Family / 3 Family

Price989900 ($286.43/SqFt)

Style3 Family - 3 Units Side By Side

CityLynn

CountyEssex

MLS AreaWest Lynn

Neighborhood(s)

Approximate Living Area Total3456

Approximate Lot Size (Acres)0.07

Total Parking4

Garage Parking0

Year Built1923

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 32 Morris Street, Lynn MA 01905

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 32 Morris Street, Lynn MA 01905

Real Estate Taxes8400

Tax Year2025

Assessed Value$815,500

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 32 Morris Street, Lynn MA 01905

Neighborhood(s)

MLS AreaWest Lynn

Area AmenitiesWalk/jog Trails

Contact Information for 32 Morris Street, Lynn MA 01905

Agent

Name: Eugene L. Clements

Office

Name: Clements Realty Group

Phone: 781-595-9600

Payment Calculator

, Interest

Property Taxes 700

Principal & Interest 6099.45

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements

Agent Phone

Office Phone

(781) 595-9600

Text Agent Call Agent Call Office

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    [unparsed] => 32 Morris Street, Lynn MA 01905
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EXIT

Active

32 Morris Street, Lynn MA 01905

$989,900

Annual Expenses for 32 Morris Street, Lynn MA 01905

Annual Income & Unit Breakdown for 32 Morris Street, Lynn MA 01905

General Information for 32 Morris Street, Lynn MA 01905

Disclosures for 32 Morris Street, Lynn MA 01905

Financial Information for 32 Morris Street, Lynn MA 01905

Location Information for 32 Morris Street, Lynn MA 01905

Contact Information for 32 Morris Street, Lynn MA 01905

Agent

Office

Payment Calculator

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements