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INVESTMENT SNAPSHOT
About this property
Exceptional three-family property offering a fantastic opportunity for both owner-occupants and investors. This well-maintained building features separate utilities throughout, including three individual gas heating systems, making ownership and management simple and efficient. The property boasts numerous low-maintenance improvements, including vinyl siding and a durable rubber roof. Tenants will appreciate the large rear decks, providing ample outdoor space for relaxation and entertaining, as well as the convenience of off-street parking. Whether you’re looking to occupy one unit while generating rental income or add a solid multi-family asset to your portfolio, this property offers strong long-term value and excellent investment potential.
Property details
| Units | 3 |
| Living area | 2,640 sqft |
| Lot size | 2,200 sqft |
| Year built | 1920 |
| Price / sqft | $375 |
| County | Essex |
| MLS # | 73535816 |
Listing status
| Days on market | 35 days |
| Listed on | June 19, 2026 |
Taxes & financials
| Annual property tax | $7,505 |
| Tax year | 2025 |
| Assessed value | $724,400 |
| Zoning | R4 |
| Gross income (actual) | $99,960/yr |
| Net operating income (actual) | $71,535/yr |
| Total actual rent | $8,330/mo |
| Electric expense | $391/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.05 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Walk-Out Access, 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 8 Varnum St, Lynn MA 01905 have?
It is a 3-unit multi-family property with 2,640 sqft of living area, built in 1920.
How long has 8 Varnum St, Lynn MA 01905 been on the market?
8 Varnum St, Lynn MA 01905 has been listed for 35 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 8 Varnum St, Lynn MA 01905?
Annual property taxes are $7,505 (2025), on an assessed value of $724,400.
What is the price per square foot?
At $989,900 for 2,640 sqft, that's about $375 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street, paved).
Where is this property located?
8 Varnum St, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
