$1,210,000
SOLD FEB 7, 2025

461-463 Eastern Ave Lynn, MA 01902

Eastern Avenue Neighborhood
8 Beds
6 Baths
5,232 Sq Ft
5,899 Sq Ft Lot

Recently Sold

$231 Per Sq Ft

1% Above List Price

10 Days on Market

Highlights

  • Property is near public transit
  • Upgraded Countertops
  • Living Room
  • Wood Flooring
  • Porch
  • Shops

About This Home

As of February 2025

CASH FLOW ...CASH FLOW,INVESTORS TAKE NOTICE...TURN KEY OPERATION.NOTHING TO DO. Owner occupied for the past 20 years. Very well-maintained property. Completely renovated from top to bottom 8 years ago. Flat rubber roof 8 years old. Units 1 & 2 have living-dining - huge eat in kitchens, 3 beds 2 full baths occupied by owners, potential $3000 rent for each unit. Units 3 and 4 have 1 bed each and are currently rented. Partially finished basement. Hardwood floors throughout and tiled bathrooms and kitchens. Separate utilities. High rents include hot water. Close to all of the areas amenities; the commuter rails, Beaches and much more. Easy access to public transportation. Unit 1,2 and 3 to be delivered vacant. Subject to owners finding suitable housing.

Last Agent to Sell the Property

Myriam Piervil

Myriam Piervil Listed on: 11/09/2024

Co-Listed By

Rose-Vanie Casimir

Myriam Piervil

Last Buyer's Agent

Suman Mahara

oNest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,067

Year Built

  • Built in 1900

Home Design

  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 5,232 Sq Ft Home
  • Insulated Windows
  • Living Room
  • Dining Room
  • Partially Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • 4 Heating Zones
  • Heating System Uses Oil
  • 110 Volts

Additional Features

  • Porch
  • 5,899 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,600
  • Rent includes unit 3(water), unit 4(water)
  • Legal Lot and Block 046 / 415
  • Assessor Parcel Number 1997389

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Additional Features

  • Shops
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,067

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Levels: 9
  • Year Built Details: Renovated Since
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood, Tile, Hardwood
  • Interior Amenities: Upgraded Cabinets, Upgraded Countertops, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 8
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Partially Finished
  • Living Area: 5232
  • Spa YN: No
  • Stories Total: 9
  • Window Features: Insulated Windows
  • MAIN LO: NB4842
  • MAIN SO: AN6926

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Heating: Oil, Electric
  • Electric: 110 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Rent Includes: Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1997389
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 5899
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15067
  • Tax Block: 415
  • Tax Lot: 046

Multi Family

  • Net Operating Income: 15600
  • Number Of Units Total: 4
  • Total Actual Rent: 2600
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

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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List Price
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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
02/07/2025 02/07/25 Sold $1,210,000 +0.8% $231 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
11/09/2024 11/09/24 For Sale $1,200,000 -- $229 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Myriam Piervil

    Myriam Piervil

    1 in this area

    11 Total Sales

    Myriam Piervil
    Section Image

  • R

    Seller Co-Listing Agent in 2025

    Rose-Vanie Casimir

    Myriam Piervil

    1 in this area

    4 Total Sales

    Rose-Vanie Casimir
    Section Image
  • Suman Mahara

    Buyer's Agent in 2025

    Suman Mahara

    oNest Real Estate

    (571) 701-1647

    2 in this area

    123 Total Sales

    Suman Mahara
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73311217

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lynn 01902 Eastern Avenue

461-463 Eastern Ave, Lynn, MA

Sold

MultiFamily

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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