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8 Varnum St, Lynn MA 01905

$989,900

Estimated $2,231/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $329,966.67

Total Rent: 99960/year

Estimated CAP Rate:

9 Bedrooms

Baths

2640

Total Parking: 3

2,200 (0.05)

Exceptional three-family property offering a fantastic opportunity for both owner-occupants and investors. This well-maintained building features separate utilities throughout, including three individual gas heating systems, making ownership and management simple and efficient. The property boasts numerous low-maintenance improvements, including vinyl siding and a durable rubber roof. Tenants will appreciate the large rear decks, providing ample outdoor space for relaxation and entertaining, as well as the convenience of off-street parking. Whether you’re looking to occupy one unit while generating rental income or add a solid multi-family asset to your portfolio, this property offers strong long-term value and excellent investment potential.

This home has been viewed 16 times

Last Checked: June 24th, 2026 at 5:33am (Source: MLS PIN #73535816)

Gross Income: $99,960

Gross Expenses: $10,605

Net Income Calc: $89,355

Water Views

Annual Expenses for 8 Varnum St, Lynn MA 01905

Total Gross Expenses (Calculated)$10,605/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7505

Annual Income & Unit Breakdown for 8 Varnum St, Lynn MA 01905

Total Gross Income (Calculated)$99,960

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseU

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 8 Varnum St, Lynn MA 01905

Listing ID73535816

Property TypeMulti Family / 3 Family

Price989900 ($374.96/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

MLS AreaWest Lynn

Neighborhood(s)

Approximate Living Area Total2640

Approximate Lot Size (Acres)0.05

Total Parking3

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR4

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 8 Varnum St, Lynn MA 01905

Lead PaintNone

UFFINo

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 8 Varnum St, Lynn MA 01905

Real Estate Taxes7505

Tax Year2025

Assessed Value$724,400

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 8 Varnum St, Lynn MA 01905

Neighborhood(s)

MLS AreaWest Lynn

Area AmenitiesWalk/jog Trails

Contact Information for 8 Varnum St, Lynn MA 01905

Agent

Name: Eugene L. Clements

Office

Name: Clements Realty Group

Phone: 781-595-9600

Payment Calculator

, Interest

Property Taxes 625.42

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] => 8 Varnum St, Lynn MA 01905
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EXIT

Active

8 Varnum St, Lynn MA 01905

$989,900

Annual Expenses for 8 Varnum St, Lynn MA 01905

Annual Income & Unit Breakdown for 8 Varnum St, Lynn MA 01905

General Information for 8 Varnum St, Lynn MA 01905

Disclosures for 8 Varnum St, Lynn MA 01905

Financial Information for 8 Varnum St, Lynn MA 01905

Location Information for 8 Varnum St, Lynn MA 01905

Contact Information for 8 Varnum St, Lynn MA 01905

Agent

Office

Payment Calculator

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements