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Home Massachusetts Multi-Family Homes for Sale

32 Morris Street Lynn, MA 01905
NEW
1
$989,900
Total Beds: 9 Total Baths: 3
Total Units: 3 SQFT: 3456
LOT size: 0.07 Acres
32 Morris Street
Lynn, MA 01905
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Property Description

Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample parking, this well-cared-for three-family property offers three spacious units with letters of de-leaded compliance. Each unit features five rooms and three bedrooms. All apartments are separately metered and equipped with gas heat, providing convenience for both landlords and tenants. The property has been well maintained and features a low-maintenance exterior with vinyl siding and a rubber roof. All three units are currently occupied, generating immediate rental income with a solid rent roll already in place. Whether you’re looking to expand your portfolio or live in one unit while collecting rental income from the others, this is a rare opportunity to own a turnkey multi-family property in one of Lynn’s most sought-after neighborhoods.
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Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Laundromat, Private School, Public School, Public Transportation, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Gross Operating Income: 99180
  • Gross Expenses: 9046
  • Electric Expenses: 353
  • Water/Sewer: 1832
  • INSC: 6669
  • RFS: 192
  • Net Operating Income: 74325

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Doors, Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: Lynn

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1923
  • Type: 3 Family - 3 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73536399
  • Last Updated: 06/20/26

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Map

Seller's Representative: Eugene L. Clements, Clements Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-06-20 03:30:00

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