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INVESTMENT SNAPSHOT
About this property
Welcome to this stunning 3 family home, Great for Investment or Owner occupied, meticulously renovated from BOTTOM to TOP just two years ago! This impressive property boasts brand-new kitchens with quartz countertops, new bathrooms and new plumbing throughout the house. Public laundry hookups located in the basement. Beautiful hardwood floors in the entirety home. First and third floors are rented for $3,000 each.The second floor is rented for $3,200. All three floors with tenancy at will, Conveniently located, walk to schools, beach, bus and commuter rail. Close proximity to restaurants and shops. Short distance to Logan Airport and Downtown Boston. It's perfectly situated for easy access to all the amenities you need. Don't miss this amazing opportunity to own a turnkey 3-family home.
Property details
| Units | 3 |
| Living area | 3,473 sqft |
| Lot size | 5,444 sqft |
| Year built | 1876 |
| Price / sqft | $360 |
| County | Essex |
| MLS # | 73526347 |
Listing status
| Days on market | 4 days |
| Listed on | May 28, 2026 |
Taxes & financials
| Annual property tax | $8,740 |
| Tax year | 2025 |
| Assessed value | $843,600 |
| Zoning | R4 |
| Gross income (actual) | $110,400/yr |
| Net operating income (actual) | $110,400/yr |
| Total actual rent | $9,200/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Stone, Brick/Mortar |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of Coldwell Banker Realty - Marblehead — Victoria Guerra. 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 316 Essex St, Lynn MA 01902 have?
It is a 3-unit multi-family property with 3,473 sqft of living area, built in 1876.
How long has 316 Essex St, Lynn MA 01902 been on the market?
316 Essex St, Lynn MA 01902 has been listed for 4 days (since May 28, 2026).
What is the estimated cap rate on this 3-family in Lynn?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 77/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,250,000 across 3 units, that works out to roughly $416,667 per unit.
What are the property taxes on 316 Essex St, Lynn MA 01902?
Annual property taxes are $8,740 (2025), on an assessed value of $843,600.
What is the price per square foot?
At $1,250,000 for 3,473 sqft, that's about $360 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street).
Where is this property located?
316 Essex St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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