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INVESTMENT SNAPSHOT
About this property
Rare opportunity to own one of Lynn's larger three-family homes featuring three true 6-room apartments, each offering over 1,500 square feet with classic double parlors, high ceilings, hardwood floors, and spacious eat-in kitchens. A solid investment with long-term tenants averaging 19 years and an excellent history of on-time rent payments. Each unit offers separate gas heat, hot water, gas and electric utilities, its own washer and dryer hookups, and a private rear porch. Additional features include vinyl replacement windows, 7 unobstructed off-street parking spaces, and a basement with four additional rooms and a full bath. Located on a quiet dead-end street. Lead compliance certificates are available for all 3 units.
Property details
| Units | 3 |
| Living area | 4,626 sqft |
| Lot size | 5,057 sqft |
| Year built | 1920 |
| Price / sqft | $238 |
| County | Essex |
| MLS # | 73552929 |
Listing status
| Days on market | 23 days |
| Listed on | July 28, 2026 |
Taxes & financials
| Annual property tax | $9,767 |
| Tax year | 2025 |
| Assessed value | $942,800 |
| Zoning | R4 |
| Gross income (actual) | $84,000/yr |
| Net operating income (actual) | $65,130/yr |
| Total actual rent | $7,300/mo |
| Electric expense | $600/yr |
| Insurance expense | $5,400/yr |
Building & lot
| Stories | 4 |
| Total rooms | 22 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 7 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Partially Finished, Walk-Out Access, Interior Entry |
| Foundation | Block, Stone, Other |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Wood, Tile, Vinyl |
Utilities & systems
| Heating | Hot Water, Natural Gas, Steam |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Disposal |
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 16 Dowfield Ter, Lynn MA 01904 have?
It is a 3-unit multi-family property with 4,626 sqft of living area, built in 1920.
How long was 16 Dowfield Ter, Lynn MA 01904 on the market before it sold?
16 Dowfield Ter, Lynn MA 01904 sold after about 59 days on the market (listed July 28, 2026, closed September 25, 2026).
What is the price per unit?
At a list price of $995,000 across 3 units, that works out to roughly $331,667 per unit.
What are the property taxes on 16 Dowfield Ter, Lynn MA 01904?
Annual property taxes are $9,767 (2025), on an assessed value of $942,800.
What is the price per square foot?
At $995,000 for 4,626 sqft, that's about $238 per square foot.
Is there parking?
7 total parking spaces (paved drive, off street).
Where is this property located?
16 Dowfield Ter, Lynn MA 01904 is in Lynn, Essex County, MA 01904.
