16 Dowfield Ter, Lynn MA 01904
Lynn, MA 01904
$1,150,000
Est. $6,829/month
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About this home
Rare opportunity to own one of Lynn's larger three-family homes featuring three true 6-room apartments, each offering over 1,500 square feet with classic double parlors, high ceilings, hardwood floors, and spacious eat-in kitchens. A solid investment with long-term tenants averaging 19 years and an excellent history of on-time rent payments. Each unit offers separate gas heat, hot water, gas and electric utilities, its own washer and dryer hookups, and a private rear porch. Additional features include vinyl replacement windows, 7 unobstructed off-street parking spaces, and a basement with four additional rooms and a full bath. Located on a quiet dead-end street. Lead compliance certificates are available for all 3 units.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 28, 2026
$1,150,000
Original listing
Agent: DalBon & Company
Office: Keller Williams Realty Evolution
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/28/2026 | 🏠 Listed for Sale | $1,150,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,767 | $942,800 |
Financial Details
Annual Property Tax
$9,767
Tax Year 2025
Assessed Value
$942,800
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1920
Living Area
4,626 sq ft
Lot Size
0.12 acres
Stories
4
Bedrooms
9
Full Baths
4
Total Rooms
22
Investment Metrics
Units
3
Unit 1 Rent
$2,700/mo · N
Unit 2 Rent
$2,400/mo · N
Unit 3 Rent
$2,200/mo
Total Monthly Rent
$7,300/mo
Gross Income
$84,000
Net Operating Income
$65,130
Operating Expenses
$18,870
Water/Sewer Expense
$3,600
Electric Expense
$600
Insurance Expense
$5,400
Cap Rate
5.66%
Interior
Heating
Hot Water, Natural Gas, Steam
Cooling
None
Flooring
Wood, Tile, Vinyl
Appliances
Range, Disposal
Fireplace
None
Basement
Full, Partially Finished, Walk-out Access, Interior Entry
Laundry
Washer Hookup, Dryer Hookup
Features
Living Room, Dining Room, Kitchen, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck
Parking
Features
Paved Drive, Off Street
Total Spaces
7
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,767
Assessed Value
$942,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
Seller Has Provided The Attached Letters Of Compliance/deleading Certificates. All Utilities Can Not Be Guaranteed To Be Separate. All Additional Disclosures Are In The Paperclip. Unit 2 Rent Factors A Verbally Approved $300 Increase From Beverly Housing Starting 10/1.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
yellow
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
15 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
9
Full Bathrooms
4
Living Area
4,626 sq ft
Total Rooms
22
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,626 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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, Tile, Vinyl
Appliances:
Range, Disposal
Interior Features:
Living Room, Dining Room, Kitchen, Laundry Room
Windows:
Basement:
Full, Partially Finished, Walk-Out Access, Interior Entry
Laundry:
Washer Hookup, Dryer Hookup
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Block, Stone, Other
Stories:
4
Heating, Cooling & Utilities
Heating:
Hot Water, Natural Gas, Steam
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
7
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
3 schools
C
Tracy School
0.3 mi
|
#630 of 824
|
Score: 39.3
Dropped 27 spots from last year
-18.9 below state avg
397 students
Less Diverse
Grades K-05
C+
Sewell-Anderson School
0.4 mi
|
#572 of 824
|
Score: 42.2
Dropped 10 spots from last year
-16 below state avg
300 students
Diverse
Grades K-05
William R Fallon School
0.5 mi
30 students
Diverse
Diverse Student Body
Grades PK-05
Middle Schools
2 schools
C+
Pickering Middle School
1.2 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
C-
Thurgood Marshall Middle School
1.6 mi
|
#311 of 352
|
Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students
Moderate
Rising School
Grades 06-08
High Schools
3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.5 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.5 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students
Diverse
Rising School
Career Tech Programs
Grades 09-12
St. Mary's High School
0.7 mi
Grades 07-12
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Including down payment
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Monthly Payment Breakdown
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Property Tax
$814
Homeowners Insurance
$200
PMI (if <20% down)
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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
16 Dowfield Ter, Lynn MA 01904
Lynn, MA 01904
Listing Information
Listing Agent
DalBon & Company
Listing Office
Keller Williams Realty Evolution
Office Phone
978-927-8700
Agent MLS ID
TM322885
Office MLS ID
C95098
Listing Data Updated
Aug 12, 2026 10:39 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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