20 Melvin Ave, Lynn MA 01902

Lynn, MA 01902 • East Lynn
$329,900
Est. $2,145/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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0.04
Acres
1890
Year Built
81
Days on Market
For Sale Listed Jun 23, 2026 • MLS# 73540200 Copied! • Updated Jul 8, 2026

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About this home

Swampscott/Lynn Line! Located At 20 Melvin Avenue, This Commercial Property Offers Excellent Potential For Investors, Developers, Or Owner-Occupants. Currently Used As A Retail Space, It Is Well Suited For A Variety Of Uses Including Retail Storefront, Professional Office, Salon, Barber Shop, Or Other Service-Based Business.The Property Benefits From Strong Visibility, Convenient Access, And A Desirable Location Near The Swampscott Line With Easy Access To Surrounding Residential Neighborhoods. In Addition, The Property Has Received Approval From The Lynn Zoning Board Of Appeals For Residential Development, With Approved Architectural Plans Available For A New Single-Family Home. Conveniently Located Near Shopping, Restaurants, Public Transportation, Beaches, And Major Commuter Routes, This Property Offers Strong Flexibility And Long-Term Value. Whether Continuing Its Current Use, Starting A New Business, Or Pursuing Residential Development!

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Property History

Property Timeline

🏠
Listed for Sale
Jun 23, 2026
$329,900
Original listing
Agent: Colleen Toner Office: Toner Real Estate, LLC

Tax History

Year Taxes Assessment
2025 $3,317 —

Financial Details

Annual Property Tax
$3,317
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1890
Lot Size 0.04 acres
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available, 220 Volts

Financial

Annual Tax $3,317
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures 2nd Floor Has 1 Bedroom, Full Bath (no Toilet, Water Or Electricity On 2nd Since The 1980s).
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
For Sale
Year Built
1890

Floor Layout

Interior Features

Flooring:
Appliances:
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Laundry:
Security:

Construction & Materials

Year Built: 1890
Structure Type:
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Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
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Exterior & Lot

Exterior Features:
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Parking & Garage

Parking Features:
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
E

Elementary Schools

3 schools
The Hathaway School
0.2 mi
Grades PK-08
A-
Aborn School
0.2 mi | #213 of 825 | Score: 54.1
Improved 265 spots from last year
-4.1 below state avg
232 students Diverse
Rising School Diverse Student Body
Grades K-05
C
Hood School
0.4 mi | #606 of 825 | Score: 40.5
Improved 39 spots from last year
-17.7 below state avg
553 students Moderate
Rising School
Grades PK-05
M

Middle Schools

3 schools
C-
Thurgood Marshall Middle School
0.5 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
B+
Swampscott Middle School
1.4 mi | #122 of 352 | Score: 47.4
Dropped 51 spots from last year
-10.9 below state avg
663 students Moderate
Grades PK-08
C+
Pickering Middle School
1.6 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
H

High Schools

3 schools
A-
Swampscott High School
0.6 mi | #101 of 346 | Score: 60.3
Dropped 69 spots from last year
+2.1 above state avg
675 students Moderate
18 sports • 1,578 athletes
Strong AP Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
D
Lynn English High School
0.7 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
B+
Fredrick Douglass Collegiate Academy
1.4 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
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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After down payment
Total Interest
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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 $0
Property Tax $276
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

East Lynn

20 Melvin Ave, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Colleen Toner
Listing Office Toner Real Estate, LLC
Office Phone 781-780-9054
Agent MLS ID C1541120
Office MLS ID AC1714
Listing Data Updated Jul 8, 2026 4:41 PM EDT
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
Steve Novak Real Estate
BMN Boston Powered by SERHANT
mail@steve-novak.com
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