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204 Eastern Avenue, Lynn MA 01902

Lynn, MA 01902
$1,399,999
Est. $76,346/month
7
Beds
5
Baths
3,567
Sq Ft
$392
Price/Sq Ft
0.12
Acres
1880
Year Built
2
Garage Spaces
20
Days on Market
Active Listed Jun 25, 2026 • MLS# 73541580 Copied! • Updated Jun 29, 2026

About this home

Exceptional Turnkey Multi-Family Opportunity on the Lynn/Swampscott Line! This fully renovated legal 3-family property offers outstanding flexibility for investors or owner-occupants. Featuring 7 bedrooms & 5 full baths, the home includes beautifully updated units with bright living spaces, eat-in kitchens, white cabinetry, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. Bathrooms showcase today's sought-after design with oversized showers & elegant gray-and-white décor. The finished attic provides additional living space with a bedroom, flex room, full bath, and kitchenette. Enjoy five maintenance-free composite decks, a fenced yard, updated windows, newly redone walkways, & low-maintenance vinyl siding w/stone accents. Ample parking includes a 2-car garage plus additional off-street spaces for up to 5 vehicles. Conveniently located near shopping, restaurants, beaches, & the Swampscott Commuter Rail. A rare move-in-ready investment opportunity.

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Recently Sold Nearby

Property History

Market Insights

39.3%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Jun 25, 2026
$1,399,999
Original listing
Agent: Nikki Martin Team Office: Compass
Previous Transaction - MLS #73064983
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2024
$850,000
MLS #73064983

Tax History

Year Taxes Assessment
2026 $828,800 $621,700

Financial Details

Annual Property Tax
$828,800
Tax Year 2026
Assessed Value
$621,700

Facts & Features

2 Car Garage

Home Facts

Type Residential Income
Style 3 Family
Year Built 1880
Living Area 3,567 sq ft
Lot Size 0.12 acres
Bedrooms 7
Full Baths 5
Total Rooms 18

Investment Metrics

Units 5
Unit 1 Rent $2,200/mo · N
Unit 2 Rent $2,000/mo · N
Unit 3 Rent — · N
Total Monthly Rent $4,200/mo
Gross Income $141,600
Net Operating Income $122,338
Operating Expenses $19,262
Water/Sewer Expense $1,300
Electric Expense $600
Insurance Expense $3,878
Cap Rate 8.74%
Heating Steam, Oil, Electric, Hot Water, Natural Gas
Cooling None
Flooring Hardwood
Appliances Washer, Dryer, Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck - Composite
Garage Spaces 2
Has Garage Yes
Features None
Total Spaces 5
Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Oven

Financial

Annual Tax $828,800
Assessed Value $621,700
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Measurements Are For Marketing Purposes Only, Buyers And Buyers Agents To Due Their Due Diligence.
Possession None
Accepted Financing None
Structure Type []
House Color grey/stone
Sq Ft Source Owner
Sq Ft Disclosures buyer to do due diligence on the square footage
Documents None
County Essex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
7
Full Bathrooms
5
Living Area
3,567 sq ft
Total Rooms
18
Stories
6
Levels
6

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood
Appliances: Washer, Dryer, Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows: Insulated Windows
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 6

Heating, Cooling & Utilities

Heating: Steam, Oil, Electric, Hot Water, Natural Gas
Heating Zones: 3
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Professional Landscaping
Patio & Porch: Porch, Deck - Composite
Fencing:
Other Structures:
Lot Features: Cleared
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 5
Parking Features:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $69,067
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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$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

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

204 Eastern Avenue, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Nikki Martin Team
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID TM332100
Office MLS ID AN2383
Listing Data Updated Jun 29, 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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