15 Hanover St, Lynn MA 01902
Lynn, MA 01902
$887,977
Est. $5,244/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Cash Flow Opportunity – Space, Location & Strong Potential! Welcome to 15 Hanover St, Lynn — a rare 9+ bedroom income-producing property featuring a newer roof, newer porches, and expansive off-street parking. Conveniently located just 15 minutes to Boston, 10 minutes to Revere Beach, a short distance to the commuter rail and public transportation, and surrounded by shops, restaurants, and everyday conveniences. Offering excellent rental appeal, major exterior updates, and a prime commuter-friendly location — this is an investment opportunity buyers won’t want to miss. casa grande con un potential gigantesco recipe was $4,000 de rent casa de oportunidad!!
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Jul 23, 2026
Active → Active Under Contract
Pending Sale
Jul 22, 2026
Offer accepted, sale pending
Listed for Sale
Jul 16, 2026
$887,977
Original listing
Agent: Fermin Group
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/23/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/22/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/16/2026 | 🏠 Listed for Sale | $887,977 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,650 | $641,874 |
Financial Details
Annual Property Tax
$6,650
Tax Year 2025
Assessed Value
$641,874
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1860
Living Area
2,452 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
9
Full Baths
2
Total Rooms
14
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Gross Income
$14,400
Net Operating Income
$14,400
Cap Rate
1.62%
Interior
Heating
None
Cooling
None
Flooring
Wood, Plywood, Vinyl
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Dirt Floor
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
8
Utilities
Electric
110 Volts, 220 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$6,650
Assessed Value
$641,874
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
21 days
Property Overview
Property Type
Multi Family
Listing Type
Sale Pending
Year Built
1860
Bedrooms
9
Full Bathrooms
2
Living Area
2,452 sq ft
Total Rooms
14
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,452 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Plywood, Vinyl
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Dirt Floor
Laundry:
Security:
Construction & Materials
Year Built:
1860
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone, Brick/Mortar, Granite
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
2
Cooling:
Cooling Zones:
1
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
10 schools
C-
Lynn Vocational Technical Institute
0.4 mi
|
#292 of 346
|
Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students
Moderate
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades PK-12
B-
KIPP Academy Lynn Charter School
0.4 mi
|
#203 of 346
|
Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
Sacred Heart Elementary School
0.9 mi
Grades PK-08
St. Pius V Elementary School
1.1 mi
Grades PK-08
The Hathaway School
1.6 mi
Grades PK-08
North Shore Christian School
1.7 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.1 mi
27 students
Diverse
Grades PK-12
C-
Cobbet Elementary School
< 0.1 mi
|
#698 of 825
|
Score: 35.9
Improved 68 spots from last year
-22.4 below state avg
631 students
Less Diverse
Rising School
Grades PK-05
C
Washington Elementary School
0.2 mi
|
#660 of 825
|
Score: 37.9
Improved 111 spots from last year
-20.4 below state avg
453 students
Moderate
Rising School
Grades K-05
C-
Wm. P. Connery Elementary School
0.4 mi
|
#729 of 825
|
Score: 33.7
Improved 65 spots from last year
-24.5 below state avg
558 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
1.4 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.5 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
< 0.1 mi
259 students
Moderate
Grades 06-12
St. Mary's High School
0.3 mi
Grades 07-12
B+
Fredrick Douglass Collegiate Academy
0.7 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students
Moderate
Early College Program
Rising School
Grades 06-12
B-
Harold Durgin Success Academy
< 0.1 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
98 students
Moderate
Rising School
Career Tech Programs
Strong Attendance
Grades 09-12
D
Lynn English High School
1.0 mi
|
#315 of 346
|
Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
C-
Classical High School
1.5 mi
|
#304 of 346
|
Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$554
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
15 Hanover St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Fermin Group
Listing Office
Century 21 North East
Office Phone
978-208-0449
Agent MLS ID
TM321052
Office MLS ID
AN4356
Listing Data Updated
Sep 14, 2026 8:03 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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