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$1,399,999
Total Beds: 7 Total Baths: 5
Total Units: 5 SQFT: 3567
LOT size: 0.12 Acres
204 Eastern Avenue
Lynn, MA 01902
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Property Description

Exceptional Turnkey Multi-Family Opportunity on the Lynn/Swampscott Line! This fully renovated legal 3-family property offers outstanding flexibility for investors or owner-occupants. Featuring 7 bedrooms & 5 full baths, the home includes beautifully updated units with bright living spaces, eat-in kitchens, white cabinetry, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. Bathrooms showcase today's sought-after design with oversized showers & elegant gray-and-white décor. The finished attic provides additional living space with a bedroom, flex room, full bath, and kitchenette. Enjoy five maintenance-free composite decks, a fenced yard, updated windows, newly redone walkways, & low-maintenance vinyl siding w/stone accents. Ample parking includes a 2-car garage plus additional off-street spaces for up to 5 vehicles. Conveniently located near shopping, restaurants, beaches, & the Swampscott Commuter Rail. A rare move-in-ready investment opportunity.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Central Heat, Electric, Electric Baseboard, Electric Baseboard, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Hot Water Radiators, Oil, Radiant, Space Heater, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 141600
  • Gross Expenses: 19262
  • GSE: 1700
  • Electric Expenses: 600
  • Water/Sewer: 1300
  • INSC: 3878
  • Miscellaneous Expense: 2
  • Net Operating Income: 122338

Utilities

  • Heat Zones: 3
  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water, None
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 4 Description

  • Included in Rent: Electric, Heat, Hot Water, None
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73541580
  • Last Updated: 06/29/26

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Map

Seller's Representative: Nikki Martin Team, Compass
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 2026-06-29 03:05:00