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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 3,304 sqft |
| Lot size | 3,149 sqft |
| Year built | 1910 |
| Price / sqft | $286 |
| County | Essex |
| MLS # | 73543356 |
Listing status
| Days on market | 65 days |
| Listed on | June 30, 2026 |
Taxes & financials
| Annual property tax | $7,987 |
| Tax year | 2025 |
| Assessed value | $770,900 |
| Zoning | R4 |
| Gross income (actual) | $99,360/yr |
| Net operating income (actual) | $67,973/yr |
| Total actual rent | $8,280/mo |
| Insurance expense | $6,538/yr |
Building & lot
| Stories | 4 |
| Total rooms | 14 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Walk-Out Access, Interior Entry, Bulkhead, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
| Appliances | Range, Refrigerator |
Location
More about investing in Lynn →
Listing courtesy of Clements Realty Group — Eugene L. Clements. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 56 Orchard St, Lynn MA 01905 have?
It is a 3-unit multi-family property with 3,304 sqft of living area, built in 1910.
How long was 56 Orchard St, Lynn MA 01905 on the market before it sold?
56 Orchard St, Lynn MA 01905 sold after about 98 days on the market (listed June 30, 2026, closed October 6, 2026).
What is the price per unit?
At a list price of $969,000 across 3 units, that works out to roughly $323,000 per unit.
What are the property taxes on 56 Orchard St, Lynn MA 01905?
Annual property taxes are $7,987 (2025), on an assessed value of $770,900.
What is the price per square foot?
At $969,000 for 3,304 sqft, that's about $286 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, paved).
Where is this property located?
56 Orchard St, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
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