Attention Buyers and Investors! Presenting 101-103 Lynnway, an exceptional three-family home situated in the sought-after Diamond District of Lynn. This property comprises three generously sized, move-in ready units, each recently modernized to meet current standards. The basement features a shared coin-operated laundry facility, equipped with washers and dryers, along with dedicated storage areas for each unit. Unit 1 is currently occupied by a tenant at will. The property can be delivered vacant, offering a prime opportunity for owner-occupants to live in one unit while renting out the others, or for investors seeking a lucrative rental investment. Each unit is equipped with its own utilities. Boasting beautiful water views, this property is a true gem, conveniently located just a short walk from Lynn Beach, public transportation, and a diverse array of dining and shopping options in downtown.

Property Details

Price:
$1,200,000
MLS #:
73345460
Status:
Active
Beds:
8
Baths:
3
Address:
101-103 way Lynn
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
Diamond District
City:
Lynn
Listed Date:
Mar 14, 2025
State:
MA
Finished Sq Ft:
3,460
Total Sq Ft:
3,460
ZIP:
01902
Lot Size:
3,803 sqft / 0.09 acres (approx)
Year Built:
1909
Units:
3

Schools

Elementary School:
E.J.Harrington
Middle School:
Fecteau-Leary
High School:
Fecteau-Leary

Interior

Appliances
Range, Microwave, Refrigerator
Bathrooms
3 Full Bathrooms
Flooring
Wood, Tile, Vinyl
Heating
Forced Air, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Marina, Public School, T- Station
Construction Materials
Frame
Parking Spots
2
Roof
Rubber

Financial

Net Operating Income
$80,800
Tax Year
2025
Taxes
$9,142

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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101-103 way Lynn
Lynn, MA