Spacious two-family home offering an excellent opportunity for investors and owner-occupants alike. Each unit features 3 bedrooms, generous living space, hardwood flooring, abundant natural light, and classic period charm throughout. The second unit spans the second and third floors,providing additional living space and flexibility. Separate utilities make management easy, while off-street parking offers convenience for both units. Situated at the end of a quiet dead-end street, this property enjoys a private setting with minimal through traffic.Large front porches, mature trees, and original architectural details add character and curb appeal.Conveniently located near public transportation, major routes, shopping, restaurants, schools, parks, and Lynn's growing downtown amenities. Whether you're looking to expand your investment portfolio,generate rental income, or occupy one unit while collecting rent from the other, this property offers exceptional potential. Property to be sold is.
This home has been viewed 6 times
Last Checked: June 24th, 2026 at 6:09pm (Source: MLS PIN #73540312)
Gross Income: $13,200
Gross Expenses: $7,885
Net Income Calc: $5,315
Water Views
Annual Expenses for 65-67 Phillips Ave, Lynn MA 01902
Total Gross Expenses (Calculated)$7,885/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7885
Annual Income & Unit Breakdown for 65-67 Phillips Ave, Lynn MA 01902
Total Gross Income (Calculated)$13,200
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 65-67 Phillips Ave, Lynn MA 01902
Listing ID73540312
Property TypeMulti Family / 2 Family
Price780000 ($298.17/SqFt)
Style2 Family - 2 Units Up/down
CityLynn
CountyEssex
MLS AreaDiamond District
Neighborhood(s)
Approximate Living Area Total2616
Approximate Lot Size (Acres)0
Total Parking3
Garage Parking0
Year Built1880
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR1
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 65-67 Phillips Ave, Lynn MA 01902
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 65-67 Phillips Ave, Lynn MA 01902
Real Estate Taxes7885
Tax Year2025
Assessed Value$761,106
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 65-67 Phillips Ave, Lynn MA 01902
Elementary SchoolLynn Public
Middle SchoolLynn Public
High SchoolLynn Public
Neighborhood(s)
MLS AreaDiamond District
Area AmenitiesWalk/jog Trails
Contact Information for 65-67 Phillips Ave, Lynn MA 01902