56 Orchard St, Lynn MA 01905
Lynn, MA 01905 • West Lynn
$989,000
$969,000
Est. $5,765/month
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About this home
Exceptional three-family opportunity for investors or owner-occupants! This well-maintained property features two spacious three-bedroom units and one two-bedroom unit, separate utilities, three gas heating systems, low-maintenance vinyl siding, and off-street parking for four vehicles. A turnkey investment with strong income potential or the perfect opportunity to live in one unit while collecting rental income from the others.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2%
Price Range
Property Timeline
Price Reduced
Jul 31, 2026
$969,000
$20,000
(-2.02%)
From $989,000 to $969,000 (-2.0%)
Back On Market
Jul 14, 2026
Active
Status: Active under contract
Jul 12, 2026
Active → Active Under Contract
Listed for Sale
Jun 30, 2026
$989,000
Original listing
Agent: Eugene L. Clements
Office: Clements Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/31/2026 | ↓ Price Reduced | $969,000 | $20,000 | - | From $989,000 to $969,000 (-2.0%) |
| 07/14/2026 | • Back On Market | - | - | - | Active |
| 07/12/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/30/2026 | 🏠 Listed for Sale | $989,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,987 | $770,900 |
Financial Details
Annual Property Tax
$7,987
Tax Year 2025
Assessed Value
$770,900
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1910
Living Area
3,304 sq ft
Lot Size
0.07 acres
Bedrooms
8
Full Baths
3
Total Rooms
14
Investment Metrics
Units
3
Unit 1 Rent
$3,000/mo · N
Unit 2 Rent
$3,000/mo · Y
Unit 3 Rent
$2,280/mo · Y
Total Monthly Rent
$8,280/mo
Gross Income
$99,360
Net Operating Income
$67,973
Operating Expenses
$19,749
Water/Sewer Expense
$3,585
Insurance Expense
$6,538
Cap Rate
7.01%
Interior
Heating
Natural Gas
Cooling
None
Flooring
Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access, Interior Entry, Bulkhead, Concrete, Unfinished
Laundry
None
Features
Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Internet Available - Unknown, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
4
Utilities
Electric
Circuit Breakers, 100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$7,987
Assessed Value
$770,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Seller Has Never Occupied This Property. First Floor Is Vacant And Rent Is Approximate.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
35 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
8
Full Bathrooms
3
Living Area
3,304 sq ft
Total Rooms
14
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,304 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:
Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Lead Certification Available, Bathroom With Tub & Shower, Internet Available - Broadband, Internet Available - Unknown, Living Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Walk-Out Access, Interior Entry, Bulkhead, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Natural Gas
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:
Corner Lot
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
$666
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
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
56 Orchard St, 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
Aug 4, 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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