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INVESTMENT SNAPSHOT
About this property
West Lynn! This is a solid three family investment property located on a fenced in corner lot. Nestled in a nice neighborhood. Close to all amenities. First & second floor are spacious, they consist of living room, dining room, kitchen, each having two bedrooms & each unit has a full bathroom. Third floor has kitchen, living room, two bedrooms, bathroom, & second means of egress. Parking for 4+ cars off street. Basement has plenty of storage room & laundry hook ups. Close to schools, shopping, restaurants, Beaches, Ferry, train station, College, airport, & Boston. Property to be in shown during the week on evenings from 530 to 7 and weekends are flexible. Group Showing Monday evening Sept 28th at 6;00pm
Property details
| Units | 3 |
| Living area | 3,357 sqft |
| Lot size | 4,994 sqft |
| Year built | 1900 |
| Price / sqft | $298 |
| County | Essex |
| MLS # | 73582312 |
Listing status
| Days on market | 0 days |
| Listed on | September 24, 2026 |
Taxes & financials
| Annual property tax | $8,309 |
| Tax year | 2025 |
| Assessed value | $870,900 |
| Zoning | R2 |
| Gross income (actual) | $69,000/yr |
| Net operating income (actual) | $63,500/yr |
| Total actual rent | $5,750/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Interior Entry, Bulkhead, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Flooring | Vinyl, Hardwood |
Utilities & systems
| Heating | Forced Air, Oil, Electric |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, Washer Hookup |
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 Salem St, Lynn MA 01905 have?
It is a 3-unit multi-family property with 3,357 sqft of living area, built in 1900.
How long has 16 Salem St, Lynn MA 01905 been on the market?
16 Salem St, Lynn MA 01905 has been listed for 0 days (since September 24, 2026).
What is the price per unit?
At a list price of $999,900 across 3 units, that works out to roughly $333,300 per unit.
What are the property taxes on 16 Salem St, Lynn MA 01905?
Annual property taxes are $8,309 (2025), on an assessed value of $870,900.
What is the price per square foot?
At $999,900 for 3,357 sqft, that's about $298 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, paved).
Where is this property located?
16 Salem St, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
