$780,000
SOLD MAY 16, 2025
15 Beds
6 Baths
6,384 Sq Ft
7,336 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

8% Above List Price

7 Days on Market

Highlights

  • Wood Flooring
  • Bathtub
  • Fenced
  • Porch
  • Living Room
  • Heating Available

About This Home

As of May 2025

Turn-key 6-family investment opportunity with three 3-bedroom and three 2-bedroom units, generating over $102K in annual gross rental income. All units have had recent updates, including vinyl plank flooring, updated bathrooms, fresh paint, and window replacements. Additional recent improvements include a rebuilt exterior porch, new siding, a new fire alarm panel, and an intercom system. One unit was just renovated and is currently vacant, ready for a new market-rate tenant or owner-occupancy. Lead certificates are available for four units. Tenants pay all utilities except water, with each unit having separate electric and gas meters. The property has been professionally managed, and all tenants are in good standing. It also features a paved driveway for two cars and a fenced-in backyard. Strong cash flow with long-term investment potential.

Last Agent to Sell the Property

Kevin Li

MP Signature Realty LLC Listed on: 03/18/2025

Last Buyer's Agent

Eugene Diaz

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,049

Year Built

  • Built in 1906

Lot Details

  • 7,336 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 6,384 Sq Ft Home
  • Living Room

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Full Bathrooms
  • Bathtub

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • Heating Available
  • Separate Meters

Community Details

  • 6 Units
  • Property has 1 Level

Listing and Financial Details

  • Total Actual Rent $8,520
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number S:10060 P:0006,2603044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,049

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1906
  • Levels: 11
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 11

Interior Features

  • Flooring: Tile, Vinyl, Varies, Hardwood
  • Interior Amenities: Pantry, Bathroom With Tub, Remodeled, Lead Certification Available, Living Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 15
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Interior Entry, Concrete
  • Above Grade Finished Sq Ft: 6384
  • Living Area: 6384
  • Spa YN: No
  • Stories Total: 11
  • MAIN LO: AN4267
  • MAIN SO: AN6181

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Electric: Circuit Breakers, Individually Metered, Varies per Unit
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank, Varies Per Unit

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:10060 P:0006,2603044
  • Zoning: I2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7336
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8049

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 8520
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2025 05/16/25 Sold $780,000 +7.6% $122 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $725,000 +138.9% $114 / Sq Ft
06/16/2021 06/16/21 Sold $303,500 -3.6% $48 / Sq Ft View Prior Sale
04/01/2021 04/01/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $314,900 -- $49 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,958 $507,500 $31,400 $476,100
2024 $8,049 $501,200 $31,400 $469,800
2023 $7,649 $448,600 $28,600 $420,000
2022 $6,627 $352,100 $26,700 $325,400
2021 $7,074 $374,300 $24,300 $350,000
2020 $6,066 $310,600 $24,300 $286,300
2019 $6,113 $310,600 $24,300 $286,300
2018 $5,289 $293,300 $23,400 $269,900
2017 $5,289 $269,000 $22,800 $246,200
2016 $4,990 $253,800 $22,800 $231,000
2015 $4,845 $246,300 $22,800 $223,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73346714

MLS Property Information Network (MLS PIN)