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$949,900
Total Beds: 6 Total Baths: 3
Total Units: 3 SQFT: 3357
LOT size: 0.11 Acres
16 Salem St
Lynn, MA 01905
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Property Description

West Lynn! This is a solid three family investment property located on a fenced in corner lot. Nestled in a nice neighborhood. Close to all amenities. First & second floor are spacious, they consist of living room, dining room, kitchen, each having two bedrooms & each unit has a full bathroom. Third floor has kitchen, living room, two bedrooms, bathroom, & second means of egress. Parking for 4+ cars off street. Basement has plenty of storage room & laundry hook ups. Close to schools, shopping, restaurants, Beaches, Ferry, train station, College, airport, & Boston. Property will only be shown at two group showings only First is Sunday March 15th 4:00pm-5:00pm & Monday March 16th 6:00pm-7:00pm All offers due in by Wednesday March 18Th at 5:00pm

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Appliances: Washer Hookup
  • Common Heating: Electric, Electric Baseboard, Forced Air, Forced Air, Oil, Oil, Radiant, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69000
  • Gross Expenses: 5500
  • Water/Sewer: 3000
  • Repairs & Maintenance: 2500
  • Net Operating Income: 63500

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73486068
  • Last Updated: 03/13/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Melissa Jeffery, Toner Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-03-13 03:30:00

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