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About this property
NEW PRICE, NEW OPPORTUNITY in Lynn’s Diamond District! This LEGAL 3-family offers 3,064 sq ft of living space and a rare combination of coastal lifestyle, flexible living, and income potential. The impressive owner’s residence spans the 2nd and 3rd floors with 4 bedrooms, 2 renovated baths, a beautifully updated kitchen, soaring ceilings, hardwood floors, a 9x12 laundry room, and 2 private decks with ocean views. The 1st-floor residence features a renovated kitchen, 1 bedroom, 1.5 baths, high ceilings, period details, and a spacious front porch. The ground level offers a separate 2-room studio, providing additional flexibility and rental potential. A 1-car garage plus 5 off-street parking spaces adds even more value. Live in the expansive owner’s unit while rental income from the other two residences helps offset the cost of ownership. Just steps from Lynn Shore Drive Promenade, King’s Beach, Red Rock Park, and local restaurants, this is a unique opportunity to own a multi-family property near the ocean with space, income potential, and lifestyle all in one.
Property details
| Units | 3 |
| Living area | 3,064 sqft |
| Lot size | 3,781 sqft |
| Year built | 1920 |
| Price / sqft | $383 |
| County | Essex |
| MLS # | 73524847 |
Listing status
| Days on market | 105 days |
| Listed on | May 27, 2026 |
Taxes & financials
| Annual property tax | $11,464 |
| Tax year | 2026 |
| Assessed value | $1,113,000 |
| Zoning | R2 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 4 |
| Total rooms | 12 |
| Lot size | 0.09 acres |
| Garage spaces | 1 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street, Tandem |
| Basement | Full, Walk-Out Access, Interior Entry |
| Foundation | Stone |
| Roof | Shingle, Rubber |
| Construction | Frame |
| Flooring | Tile, Hardwood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Electric, Natural Gas |
| Cooling | Window Unit(s), Ductless |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range |
| Appliances | Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood |
Location
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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 2 Peirce Rd, Lynn MA 01902 have?
It is a 3-unit multi-family property with 3,064 sqft of living area, built in 1920.
How long has 2 Peirce Rd, Lynn MA 01902 been on the market?
2 Peirce Rd, Lynn MA 01902 has been listed for 105 days (since May 27, 2026).
What is the estimated cap rate on this 3-family in Lynn?
Based on area median rents, the estimated cap rate is about 4.1%, with a Signal Score of 75/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,175,000 across 3 units, that works out to roughly $391,667 per unit.
What are the property taxes on 2 Peirce Rd, Lynn MA 01902?
Annual property taxes are $11,464 (2026), on an assessed value of $1,113,000.
What is the price per square foot?
At $1,175,000 for 3,064 sqft, that's about $383 per square foot.
Is there parking?
1 garage space and 5 total parking spaces (paved drive, off street, tandem).
Where is this property located?
2 Peirce Rd, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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