162 Washington St, Lynn MA 01902
Lynn, MA 01902
$1,199,000
$1,149,000
Est. $6,815/month
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About this home
Discover an exceptional investment opportunity with this expansive three-family property, offering outstanding income potential for both investors and owner-occupants alike. The first and second-floor units each feature four spacious bedrooms, beautifully renovated kitchen and 1 full bathroom with gleaming hardwood floors throughout. The third-floor residence offers three generously sized bedrooms, providing additional flexibility and strong rental appeal. Each unit has separate utilities, making ownership and property management even more convenient. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents an incredible opportunity to maximize cash flow while building long-term equity. Ideally situated near public transportation, restaurants, shopping and Lynn Beach. This property is what every renter is looking for!
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
4.2%
Price Range
Property Timeline
Price Reduced
Aug 4, 2026
$1,149,000
$50,000
(-4.17%)
From $1,199,000 to $1,149,000 (-4.2%)
Listed for Sale
Jul 8, 2026
$1,199,000
Original listing
Agent: The Decotis Group
Office: Lyv Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/04/2026 | ↓ Price Reduced | $1,149,000 | $50,000 | - | From $1,199,000 to $1,149,000 (-4.2%) |
| 07/08/2026 | 🏠 Listed for Sale | $1,199,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,659 | $932,300 |
Financial Details
Annual Property Tax
$9,659
Tax Year 2025
Assessed Value
$932,300
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1890
Living Area
4,088 sq ft
Lot Size
0.08 acres
Bedrooms
11
Full Baths
3
Total Rooms
17
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
Baseboard, Natural Gas, Hot Water, Forced Air
Cooling
None
Flooring
Tile, Hardwood
Appliances
Range, Microwave, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
Balcony/deck, Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,659
Assessed Value
$932,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Kitchen Renovations In Unit 1 Will Be Completed Prior To Closing. Unit 1 And 2 Vacant. Unit 3 Will Not Be Shown Until An Offer Is Accepted, Do Not Walk To Unit Or Knock On Door.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
32 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1890
Bedrooms
11
Full Bathrooms
3
Living Area
4,088 sq ft
Total Rooms
17
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,088 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Tile, Hardwood
Appliances:
Range, Microwave, Refrigerator
Interior Features:
Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas, Hot Water, Forced Air
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Balcony
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, Paved
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
B-
KIPP Academy Lynn Charter School
0.2 mi
|
#197 of 346
|
Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
C-
Lynn Vocational Technical Institute
0.6 mi
|
#284 of 346
|
Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades PK-12
St. Pius V Elementary School
0.9 mi
Grades PK-08
Sacred Heart Elementary School
1.1 mi
Grades PK-08
The Hathaway School
1.4 mi
Grades PK-08
North Shore Christian School
1.4 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.0 mi
Grades PK-12
C-
Cobbet Elementary School
0.2 mi
|
#696 of 824
|
Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students
Less Diverse
Rising School
Grades PK-05
C
Robert L Ford School
0.4 mi
|
#614 of 824
|
Score: 40.0
Improved 183 spots from last year
-18.2 below state avg
410 students
Less Diverse
Rising School
Grades K-05
C
Washington Elementary School
0.4 mi
|
#646 of 824
|
Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
1.2 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
C+
Pickering Middle School
1.4 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
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
Grades 06-12
St. Mary's High School
0.3 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
0.7 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
Grades 06-12
B-
Harold Durgin Success Academy
0.3 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
D
Lynn English High School
0.8 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
C-
Classical High School
1.7 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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95% Interest
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Location
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Neighborhood
162 Washington St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
The Decotis Group
Listing Office
Lyv Realty
Office Phone
978-533-8000
Agent MLS ID
TM329119
Office MLS ID
AN6884
Listing Data Updated
Aug 8, 2026 3:05 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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