16 Salem St, Lynn MA 01905

Lynn, MA 01905

$1,000,000

Beds

Baths

3,357

Sq Ft

$298

Price/Sq Ft

0.11

Acres

1900

Year Built

Parking

3 Family - 3 Units Up/Down

Type

Days on Market

Sold 2026 Listed Sep 24, 2026 • MLS# 73582312 Copied! • Updated Nov 4, 2026

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Sale Statistics

Sale Overview

Original List Price: $999,900

                            Final Sale Price:
                            $1,000,000
                        

Difference: +$100 (+0.0%)

Performance Metrics

100.0%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $298

                            Sale $/sq ft:
                            $298
                        

This property sold for $298 per square foot

Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 1 similar properties sold within 0.5 miles in the last 90 days

This Property

$298/sq ft

Area Median

$238/sq ft

Difference

+25.3%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

West Lynn! This is a solid three family investment property located on a fenced in corner lot. Nestled in a nice neighborhood. Close to all amenities. First & second floor are spacious, they consist of living room, dining room, kitchen, each having two bedrooms & each unit has a full bathroom. Third floor has kitchen, living room, two bedrooms, bathroom, & second means of egress. Parking for 4+ cars off street. Basement has plenty of storage room & laundry hook ups. Close to schools, shopping, restaurants, Beaches, Ferry, train station, College, airport, & Boston. Property to be in shown during the week on evenings from 530 to 7 and weekends are flexible. Group Showing Monday evening Sept 28th at 6;00pm

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Price & Status History

Market Insights

Price Range

Total Days on Market

Property Timeline

✓

Sold

Nov 3, 2026

$1,000,000

Property sold

Days on Market: 12

📋

Status: Active under contract

Oct 2, 2026

Active → Active Under Contract

⏳

Pending Sale

Sep 29, 2026

Offer accepted, sale pending

🏠

Listed for Sale

Sep 24, 2026

$999,900

Original listing

Agent: Melissa Jeffery Office: Toner Real Estate, LLC

🏠

Listed for Sale

Sep 24, 2026

$999,900

Original listing

Agent: Melissa Jeffery Office: Toner Real Estate, LLC

Date	Event	Price	Change	$/sqft	Details
11/03/2026	✓ Sold	$1,000,000	-	-	Property sold
10/02/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
09/29/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
09/24/2026	🏠 Listed for Sale	$999,900	-	-	Original listing
09/24/2026	🏠 Listed for Sale	$999,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$8,309	$870,900

Financial Details

Annual Property Tax

$8,309

Tax Year 2025

Assessed Value

$870,900

Facts & Features

Home Facts

Type Residential Income

Style 3 Family - 3 Units Up/Down

Year Built 1900

Living Area 3,357 sq ft

Lot Size 0.11 acres

Stories 3

Bedrooms 6

Full Baths 3

Total Rooms 14

Investment Metrics

Units 3

Unit 1 Rent — · N

Unit 2 Rent — · N

Unit 3 Rent — · N

Gross Income $69,000

Net Operating Income $63,500

Operating Expenses $5,500

Water/Sewer Expense $3,000

Cap Rate 6.35%

Interior

Heating Forced Air, Oil, Electric

Cooling None

Flooring Vinyl, Hardwood

Appliances None

Fireplace None

Basement Full, Interior Entry, Bulkhead, Concrete

Laundry Washer Hookup

Features Living Room, Dining Room, Kitchen

Exterior

Construction None

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing Fenced/enclosed, Fenced

Patio/Porch Porch, Deck, Covered

Parking

Features Paved Drive, Off Street, Paved

Total Spaces 4

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, Washer Hookup

Financial

Annual Tax $8,309

Assessed Value $870,900

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Lead Paint Unknown

Seller Disclosures Being Sold As Is & With Tenants. Second Floor Is Vacant. Tenants On Third Floor Are Taw, First Floor Is Sec 8 Taw. Seller States Heating Systems Were Updated. Age Of Roof Unknown, But Is In Good Shape. 1st & 2nd Heated By Oil, 3rd Is Electric Heat. Gas Is On The Property So Heat Could Be Converted.

Additional Details

Possession None

Accepted Financing Contract

Structure Type []

House Color Cream

Sq Ft Source Public Record

Documents None

County Essex

Total market time (incl. prior listings) 12 days

Property Overview

Property Type

3 Family - 3 Units Up/Down

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

3,357 sq ft

Total Rooms

Stories

Levels

Floor Layout

Interior Features

Flooring: Vinyl, Hardwood

Appliances:

Interior Features: Living Room, Dining Room, Kitchen

Windows:

Basement: Full, Interior Entry, Bulkhead, Concrete

Laundry: Washer Hookup

Security:

Construction & Materials

Year Built: 1900

Structure Type:

Exterior Materials:

Roof: Shingle

Foundation: Stone

Stories: 3

Utilities & Systems

Heating: Forced Air, Oil, Electric

Cooling:

Hot Water: Oil

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Porch, Deck, Covered

Fencing: Fenced/Enclosed, Fenced

Other Structures:

Lot Features: Corner Lot, Level

Road Surface:

Parking & Garage

Total Parking Spaces: 4

Parking Features: Paved Drive, Off Street, Paved

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Location

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Neighborhood

16 Salem St, Lynn MA 01905

Lynn, MA 01905

Listing Information

Listing Agent Melissa Jeffery

Listing Office Toner Real Estate, LLC

Office Phone 781-780-9054

Agent MLS ID C8000217

Office MLS ID AC1714

Listing Data Updated Nov 4, 2026 11:52 AM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

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