About this home
Exceptional WATERFRONT investment opportunity in Lynn! This triple-decker, set on a DOUBLE SIZED LOT offers three spacious levels of living, each with 2 bedrooms, 1 full bath and their own private decks, creating an appealing blend of traditional New England character and functional multi-family living. Outside, the property truly distinguishes itself. The oversized lot offers an abundance of room for outdoor enjoyment, while a detached two-car garage and additional off-street parking spaces provide a level of parking rarely found with multi-family properties. A full basement adds valuable storage and utility space. Whether you're an investor seeking a substantial income-producing asset or an owner-occupant looking to offset housing costs with rental income, this property offers an impressive foundation and considerable potential. Conveniently located in Lynn's Austin Square neighborhood, with easy access to local shops, restaurants, parks, schools, public transportation, and the amenities of the North Shore and Greater Boston, a property of this size and lot profile is a compelling opportunity to own a truly substantial multi-family asset in Lynn. Buyer and buyer's agent to perform their own due diligence regarding zoning, permitted uses, rental history, and all property information. Showings begin Saturday, October 31!
Listing last checked: Listing updated:
Listed by Dawn Aiello · eXp Realty LLC - Corporate Office · MLS #73596753
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Details at a glance
Interior3 property facts
- Rooms
- 15
- Flooring
- Wood, Tile, Carpet
- Basement
- Yes · Full, Interior Entry, Concrete, Unfinished
Building5 property facts
- Style
- 3 Family - 3 Units Up/Down
- Year built
- 1920
- Garage
- 2
- Parking
- 8
- Foundation
- Stone, Brick/Mortar
Land & utilities6 property facts
- Lot size
- 0.33 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Pool
- Not reported
- Zoning
- R3
Financial2 property facts
- Annual taxes
- $9,182
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,327 / monthAdjust
- Principal & interest
- $5,562
- Property tax
- $765
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,182. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,111,080
Estimated range $1,062,900–$1,159,260.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 22 Reed St
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Request a tour of 22 Reed St and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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