A rare turnkey 3-family investment opportunity moments from the desirable East Lynn neighborhood. Completely gut-renovated in approximately 2017 and meticulously maintained, this fully sprinklered property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit — each thoughtfully updated with modern kitchens and bathrooms, hardwood flooring, and open-concept living and dining layouts. Additional highlights include a generous backyard, off-street parking, and strong rental demand in one of the North Shore's most rapidly growing markets. Ideally situated approximately 1.5 miles from the beautiful Kings Beach and just minutes from the MBTA Commuter Rail station in Lynn — with convenient access to Swampscott and the broader North Shore corridor. Whether you are an end user or a seasoned investor, this is a truly turnkey asset offering immediate income potential and exceptional long-term upside. Opportunities like this don't come along often.
This home has been viewed 22 times
Last Checked: October 2nd, 2026 at 10:53am (Source: MLS PIN #73549163)
Gross Income: $0
Gross Expenses: $8,498
Net Income Calc: $8,498
Water Views
Annual Expenses for 7 Ward St., Lynn MA 01902
Total Gross Expenses (Calculated)$8,498/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax8498
Annual Income & Unit Breakdown for 7 Ward St., Lynn MA 01902
Total Gross Income (Calculated)$0
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
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 7 Ward St., Lynn MA 01902
Listing ID73549163
Property TypeMulti Family / 3 Family
Price899999 ($420.36/SqFt)
Style3 Family
CityLynn
CountyEssex
Neighborhood(s)
Approximate Living Area Total2141
Approximate Lot Size (Acres)0.08
Total Parking2
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsRenovated Since
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 7 Ward St., Lynn MA 01902
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsAll Tenant Possessions
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 7 Ward St., Lynn MA 01902
Real Estate Taxes8498
Tax Year2025
Assessed Value$820,300
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 7 Ward St., Lynn MA 01902