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INVESTMENT SNAPSHOT
About this property
Exceptional Turnkey Multi-Family Opportunity on the Lynn/Swampscott Line! This fully renovated legal 3-family property offers outstanding flexibility for investors or owner-occupants. Featuring 7 bedrooms & 5 full baths, the home includes beautifully updated units with bright living spaces, eat-in kitchens, white cabinetry, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. Bathrooms showcase today's sought-after design with oversized showers & elegant gray-and-white décor. The finished attic provides additional living space with a bedroom, flex room, full bath, and kitchenette. Enjoy five maintenance-free composite decks, a fenced yard, updated windows, newly redone walkways, & low-maintenance vinyl siding w/stone accents. Ample parking includes a 2-car garage plus additional off-street spaces for up to 5 vehicles. Conveniently located near shopping, restaurants, beaches, & the Swampscott Commuter Rail. A rare move-in-ready investment opportunity.
Property details
| Units | 5 |
| Living area | 3,567 sqft |
| Lot size | 5,327 sqft |
| Year built | 1880 |
| Price / sqft | $392 |
| County | Essex |
| MLS # | 73541580 |
Listing status
| Days on market | 39 days |
| Listed on | June 25, 2026 |
Taxes & financials
| Annual property tax | $828,800 |
| Tax year | 2026 |
| Assessed value | $621,700 |
| Zoning | Residental |
| Gross income (actual) | $141,600/yr |
| Net operating income (actual) | $122,338/yr |
| Total actual rent | $4,200/mo |
| Electric expense | $600/yr |
| Insurance expense | $3,878/yr |
Building & lot
| Stories | 6 |
| Total rooms | 18 |
| Lot size | 0.12 acres |
| Garage spaces | 2 |
| Parking spaces | 5 |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Steam, Oil, Electric, Hot Water, Natural Gas |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Oven |
| Appliances | Washer, Dryer, Range, Refrigerator |
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 204 Eastern Avenue, Lynn MA 01902 have?
It is a 5-unit multi-family property with 3,567 sqft of living area, built in 1880.
How long has 204 Eastern Avenue, Lynn MA 01902 been on the market?
204 Eastern Avenue, Lynn MA 01902 has been listed for 39 days (since June 25, 2026).
What is the price per unit?
At a list price of $1,399,999 across 5 units, that works out to roughly $280,000 per unit.
What are the property taxes on 204 Eastern Avenue, Lynn MA 01902?
Annual property taxes are $828,800 (2026), on an assessed value of $621,700.
What is the price per square foot?
At $1,399,999 for 3,567 sqft, that's about $392 per square foot.
Is there parking?
2 garage spaces and 5 total parking spaces.
Where is this property located?
204 Eastern Avenue, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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