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INVESTMENT SNAPSHOT
About this property
Large multi family/ rooming house in a prime location. 14 Bedrooms, 3 full bathrooms, 3 + half bathrooms and other large living areas including kitchen with updated cabinets and granite counters, hardwood floors. Recent updates and paint on top floor and some bathrooms. This is either a rooming house/micro units with big potential for value add or a re-development windfall at nearly 6000 sqft which could easily accommodate 6 new condos at 750sqft each with 1 car parking per unit. Elevator & sprinkler building which enhances it's development appeal. Finished lower level space adds potential for daylight walk out at garden level. High ceilings and original woodwork and character great for conversion, easy access to Western Ave, Nahant, Lynn and Revere waterfronts, walking distance to Commuter Rail, Market Basket as well as the booming Downtown Lynn district. This is an ideal next project. Contact listing agent for access.
Property details
| Units | 14 |
| Living area | 6,000 sqft |
| Lot size | 5,158 sqft |
| Year built | 1890 |
| Price / sqft | $167 |
| County | Essex |
| MLS # | 73563712 |
Listing status
| Days on market | 1 days |
| Listed on | August 13, 2026 |
Taxes & financials
| Annual property tax | $8,166 |
| Tax year | 2025 |
| Assessed value | $788,200 |
| Zoning | B3 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 16 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street |
| Basement | Full |
| Foundation | Stone, Granite |
| Roof | Slate |
| Construction | Frame |
| Flooring | Vinyl, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 121 N Common, Lynn MA 01902 have?
It is a 14-unit multi-family property with 6,000 sqft of living area, built in 1890.
How long has 121 N Common, Lynn MA 01902 been on the market?
121 N Common, Lynn MA 01902 has been listed for 1 day (since August 13, 2026).
What is the price per unit?
At a list price of $999,000 across 14 units, that works out to roughly $71,357 per unit.
What are the property taxes on 121 N Common, Lynn MA 01902?
Annual property taxes are $8,166 (2025), on an assessed value of $788,200.
What is the price per square foot?
At $999,000 for 6,000 sqft, that's about $167 per square foot.
Is there parking?
6 total parking spaces (off street).
Where is this property located?
121 N Common, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
