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INVESTMENT SNAPSHOT
About this property
Excellent condition and ideally located, this oversized two-family property offers incredible opportunity! Nothing to do but move right in. Featuring strong rental potential, this home is perfect for first-time buyers looking to offset their mortgage or investors seeking to expand their portfolio. Spacious units, well maintained throughout, and situated in a convenient location close to amenities, transportation, and more. This one won’t last!
Property details
| Units | 2 |
| Living area | 2,718 sqft |
| Lot size | 4,887 sqft |
| Year built | 1910 |
| Price / sqft | $320 |
| County | Essex |
| MLS # | 73488300 |
Listing status
| Days on market | 25 days |
| Listed on | March 18, 2026 |
Taxes & financials
| Annual property tax | $7,601 |
| Tax year | 2025 |
| Assessed value | $733,640 |
| Zoning | R4 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Finished, Walk-Out Access, Interior Entry |
| Foundation | Stone |
| Roof | Slate |
| Construction | Frame |
| Flooring | Wood, Tile |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Lynn →
Listing courtesy of William Raveis R.E. & Home Services — Pedro Calcano. 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 502 Western Ave, Lynn MA 01904 have?
It is a 2-unit multi-family property with 2,718 sqft of living area, built in 1910.
How long has 502 Western Ave, Lynn MA 01904 been on the market?
502 Western Ave, Lynn MA 01904 has been listed for 25 days (since March 18, 2026).
What is the estimated cap rate on this 2-family in Lynn?
Based on area median rents, the estimated cap rate is about 4.1%, with a Signal Score of 74/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $869,900 across 2 units, that works out to roughly $434,950 per unit.
What are the property taxes on 502 Western Ave, Lynn MA 01904?
Annual property taxes are $7,601 (2025), on an assessed value of $733,640.
What is the price per square foot?
At $869,900 for 2,718 sqft, that's about $320 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street).
Where is this property located?
502 Western Ave, Lynn MA 01904 is in Lynn, Essex County, MA 01904.
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