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Incredible opportunity to own this large legal two-family house with three units (prior owner converted it from a three to a two in the pass). Rents on second and third floors are $4,200 per month with included utilities. The house was renovated in 2018 with new roof, siding, kitchens, bathrooms, ceilings, walls, windows, plumbing, electrical and Navian heating units. First floor will be delivered vacant for new owner. This property makes sense for the owner occupant and for investor looking to extend their portfolio, so do not miss out on this one.
Current real estate data for Multi Family in Lynn as of Oct 07, 2025
42
Multi Family Listed
137
Avg DOM
298
Avg $ / SqFt
$1,176,948
Avg List Price

Property Details

Price:
$799,900
MLS #:
73385270
Status:
Pending
Beds:
6
Baths:
3
Type:
Multi Family
Listed Date:
Jun 3, 2025
Finished Sq Ft:
2,388
Total Sq Ft:
2,388
Lot Size:
2,566 sqft / 0.06 acres (approx)
Year Built:
1880
Units:
2
PoolTennisFordMarshallsEnglish

Schools

Elementary School:
Ford
Middle School:
Marshalls
High School:
English

Interior

Bathrooms
3 Full Bathrooms
Flooring
Wood, Tile

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$50,400
Tax Year
2025
Taxes
$7,968

Map

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Community

Property Summary

    42 Valley Ave Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $799,900 To schedule a showing of MLS#73385270 at 42 Valley Ave in Lynn, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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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.,…

More About James
42 Valley Ave
Lynn, MA