Multi Family · Waterfront

22 Reed St

Lynn, MA 1905 · MLS 73596753

$1,100,000

3,239 sqft

  • Beds—
  • Baths—
  • Sq Ft3,239
  • Year1920
  • Style—
  • $ / Sq Ft$340
  • HOA—
  • Taxes$9,182
  • Parking6
  • Lot14283.0
  • MLS73596753
  • StatusActive

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. Property to be conveyed vacant. 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!

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.