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INVESTMENT SNAPSHOT
About this property
Best deal in Lynn! Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample off-street parking, this well-maintained three-family property offers three spacious units, each currently configured with five rooms and three bedrooms. The first-floor unit will be delivered vacant, providing an excellent opportunity for an owner-occupant or investor to renovate and potentially reconfigure the space into a four-bedroom unit for added value and increased rental income. Each apartment is separately metered and features gas heat. Additional highlights include letters of de-leaded compliance, low-maintenance vinyl siding, and a rubber roof. A rare opportunity to expand your portfolio or occupy one unit while collecting rental income from the others in one of Lynn’s most desirable neighborhoods.
Property details
| Units | 3 |
| Living area | 3,456 sqft |
| Lot size | 3,205 sqft |
| Year built | 1923 |
| Price / sqft | $286 |
| County | Essex |
| MLS # | 73536399 |
Listing status
| Days on market | 29 days |
| Listed on | June 19, 2026 |
Taxes & financials
| Annual property tax | $8,400 |
| Tax year | 2025 |
| Assessed value | $815,500 |
| Zoning | R3 |
| Gross income (actual) | $99,180/yr |
| Net operating income (actual) | $74,325/yr |
| Total actual rent | $8,700/mo |
| Electric expense | $353/yr |
| Insurance expense | $6,669/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Interior Entry, Concrete |
| Foundation | Stone |
| Roof | Rubber |
| Construction | Frame |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | 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 32 Morris Street, Lynn MA 01905 have?
It is a 3-unit multi-family property with 3,456 sqft of living area, built in 1923.
How long has 32 Morris Street, Lynn MA 01905 been on the market?
32 Morris Street, Lynn MA 01905 has been listed for 29 days (since June 19, 2026).
What is the price per unit?
At a list price of $989,900 across 3 units, that works out to roughly $329,967 per unit.
What are the property taxes on 32 Morris Street, Lynn MA 01905?
Annual property taxes are $8,400 (2025), on an assessed value of $815,500.
What is the price per square foot?
At $989,900 for 3,456 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?
32 Morris Street, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
