Multi Family

79 Johnson St

Lynn, MA 1902 · MLS 73576708

$1,100,000

2,870 sqft

  • Beds—
  • Baths—
  • Sq Ft2,870
  • Year1985
  • Style—
  • $ / Sq Ft$383
  • HOA—
  • Taxes$5,820
  • Parking6
  • Lot6686.0
  • MLS73576708
  • StatusActive

About this home

Exceptional income-producing two-family opportunity featuring two fully detached residences on one conveniently located lot. With separate utilities and six off-street parking spaces, this versatile property offers an appealing option for investors, owner-occupants, or buyers exploring a potential condominium conversion. The rear residence is a brand-new 2026 construction, never before occupied, featuring an open kitchen and living area, three bedrooms, one full bathroom, and efficient mini-split heating and central air conditioning. The front residence is currently leased on a tenancy-at-will basis, providing immediate rental income. This spacious home offers three to four bedrooms, two full bathrooms, a kitchen, living room, and a finished basement family room. Live in one residence while collecting rent from the other, add a strong multi-family asset to your portfolio, or explore future conversion possibilities. Two detached buildings, immediate income, modern new construction, separate utilities, and ample parking make this a rare and flexible investment opportunity.

Location

DirectionsMore in Lynn

More about Lynn

Lynn Profile Snapshot
Primary Vibe Affordable coastal city with beaches, diverse community, and an emerging arts scene. Popular with buyers seeking relative value and water access.
Housing Prices More approachable than many closer areas. Beachfront and transit-proximate properties command premiums. Multi-family homes offer rental potential.
Commute to Boston Commuter rail provides access. Driving and bus options exist. Parking varies by location.
Schools Served by Lynn Public Schools. Confirm assignments with the district.
Market Demand supported by coastal location and pricing. Updated properties near the beach or rail attract interest.
Housing Styles Multi-family homes, condominiums, and single-family properties. Condition varies.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.