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32 Morris Street, Lynn MA 01905

Lynn, MA 01905 • West Lynn
$989,900
Est. $5,905/month
9
Beds
3
Baths
3,456
Sq Ft
$286
Price/Sq Ft
0.07
Acres
1923
Year Built
4
Parking
21
Days on Market
Active Listed Jun 19, 2026 • MLS# 73536399 Copied! • Updated Jun 29, 2026

About this home

Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample parking, this well-cared-for three-family property offers three spacious units with letters of de-leaded compliance. Each unit features five rooms and three bedrooms. All apartments are separately metered and equipped with gas heat, providing convenience for both landlords and tenants. The property has been well maintained and features a low-maintenance exterior with vinyl siding and a rubber roof. All three units are currently occupied, generating immediate rental income with a solid rent roll already in place. Whether you’re looking to expand your portfolio or live in one unit while collecting rental income from the others, this is a rare opportunity to own a turnkey multi-family property in one of Lynn’s most sought-after neighborhoods.Group Showing Tuesday 6/30 at 5:00pm

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Property History

Property Timeline

🏠
Listed for Sale
Jun 19, 2026
$989,900
Original listing
Agent: Eugene L. Clements Office: Clements Realty Group

Tax History

Year Taxes Assessment
2025 $8,400 $815,500

Financial Details

Annual Property Tax
$8,400
Tax Year 2025
Assessed Value
$815,500

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Side by Side
Year Built 1923
Living Area 3,456 sq ft
Lot Size 0.07 acres
Bedrooms 9
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,400/mo · Y
Unit 2 Rent $3,000/mo · Y
Unit 3 Rent $3,300/mo · Y
Total Monthly Rent $8,700/mo
Gross Income $99,180
Net Operating Income $74,325
Operating Expenses $9,046
Water/Sewer Expense $1,832
Electric Expense $353
Insurance Expense $6,669
Cap Rate 7.51%
Heating Natural Gas
Cooling None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Concrete
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Rubber
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street, Paved
Total Spaces 4
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,400
Assessed Value $815,500
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Hello
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 10 days

Property Overview

Property Type
3 Family - 3 Units Side by Side
Listing Type
For Sale
Year Built
1923
Bedrooms
9
Full Bathrooms
3
Living Area
3,456 sq ft
Total Rooms
15
Stories
3
Levels
3

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:
Appliances: Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows: Insulated Windows
Basement: Full, Interior Entry, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1923
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas
Heating Zones: 3
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
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 $700
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
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

West Lynn

32 Morris Street, Lynn MA 01905

Lynn, MA 01905

Listing Information

Listing Agent Eugene L. Clements
Listing Office Clements Realty Group
Office Phone 781-595-9600
Agent MLS ID C8000525
Office MLS ID C95263
Listing Data Updated Jun 29, 2026 1:45 PM 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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32 Morris Street, Lynn MA 01905 - Photo 1
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BMN Boston Real Estate

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