162 Washington St, Lynn MA 01902
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$1,149,000

162 Washington St, Lynn MA 01902
Lynn, MA 01902
Listed by The Decotis Group
Bedrooms
11
Bathrooms
3
Living area
4,088 sqft
Year built
1890

About this home

Discover an exceptional investment opportunity with this expansive three-family property, offering outstanding income potential for both investors and owner-occupants alike. The first and second-floor units each feature four spacious bedrooms, beautifully renovated kitchen and 1 full bathroom with gleaming hardwood floors throughout. The third-floor residence offers three generously sized bedrooms, providing additional flexibility and strong rental appeal. Each unit has separate utilities, making ownership and property management even more convenient. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents an incredible opportunity to maximize cash flow while building long-term equity. Ideally situated near public transportation, restaurants, shopping and Lynn Beach. This property is what every renter is looking for!

Property details

MLS #
73546120
Property type
3 Family - 3 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
44
On market date
July 7, 2026
Stories
3
Garage spaces
N/A
Lot size
0.08 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Cobbet Elementary
0.19 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
589
Student:teacher ratio
12.3:1
District
Lynn
Middle
Thurgood Marshall Mid
1.2 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,275
Student:teacher ratio
13.6:1
District
Lynn
High
Fecteau-Leary Junior/Senior High School
0.24 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
90
Student:teacher ratio
3.5:1
District
Lynn

Mortgage calculator

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Est. monthly payment
$7,069/mo
$229,800 down
$919,200 loan
Principal & interest$5,962
Property tax (est.)$958
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 12 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.