Well-maintained three-family offering strong in-place income and exceptional flexibility. Each apartment features 3 bedrooms plus a bonus room, separate living and dining rooms, private decks, hardwood floors, and updated electric service. Units 2 and 3 each offer two full baths. Long-term tenants have an excellent history of on-time rent payments and have worked collaboratively with ownership to facilitate a smooth sale and buyer access. All three units are clean, well cared for, and show exceptionally well. The property offers six off-street parking spaces, basement storage, and a detached accessory building with plumbing and electricity, providing outstanding flexible space for storage, workshop, studio, or hobby use. Lead compliance certificates are available for Units 1 and 2. Conveniently located near shopping, public transportation, major commuter routes, and on a quiet dead-end street.
This home has been viewed 3 times
Last Checked: July 28th, 2026 at 7:58pm (Source: MLS PIN #73552930)
Gross Income: $83,100
Gross Expenses: $18,446
Net Income Calc: $64,654
Annual Expenses for 9 S Elm St, Lynn MA 01905
Total Gross Expenses (Calculated)$18,446/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax8608
Annual Income & Unit Breakdown for 9 S Elm St, Lynn MA 01905
Total Gross Income (Calculated)$83,100
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 9 S Elm St, Lynn MA 01905
Listing ID73552930
Property TypeMulti Family / 3 Family
Price999000 ($276.5/SqFt)
Style3 Family - 3 Units Up/down
CityLynn
CountyEssex
Neighborhood(s)
Approximate Living Area Total3613
Approximate Lot Size (Acres)0.09
Total Parking10 (2 Garage)
Garage Parking2
Year Built1900
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Area1288
Foundation Description
Accessible Features1
Outdoor SpaceCovered
ZoningR4
Water Views
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 9 S Elm St, Lynn MA 01905
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsElectric Fireplace
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 9 S Elm St, Lynn MA 01905
Real Estate Taxes8608
Tax Year2025
Assessed Value$830,900
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 9 S Elm St, Lynn MA 01905