INNOVATE
Real Estate
No photos available for this listing

$850,000

82 Fayette St, Lynn MA 01902
Lynn, MA 01902
Listed by MG Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Prime 8-unit development opportunity in one of Lynn’s fastest-growing and high-demand locations. Fully approved and shovel-ready, with foundation work already started, saving valuable time and reducing development risk. Approved plans include a strong unit mix of four single-level residences and four spacious duplex units, featuring 1, 2, 3, and 4-bedroom layouts designed to maximize rental income and resale value. All permits and approvals are in place, allowing construction to continue immediately. Excellent opportunity for investors, builders, or condo developers looking to capitalize on Lynn’s booming market, ongoing revitalization, and strong appreciation potential. Rare chance to secure a ready-to-build multi-family project with significant upside and long-term return potential.

Property details

MLS #
73528486
Property type
Residential
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.16 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Ingalls
0.13 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
684
Student:teacher ratio
12.7:1
District
Lynn
Middle
Thurgood Marshall Mid
0.36 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
Lynn English High
0.62 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,165
Student:teacher ratio
17.6:1
District
Lynn

Mortgage calculator

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Est. monthly payment
$5,269/mo
$170,000 down
$680,000 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 8, 2026.

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.