Active
58 Days on market
60 Commercial St Lynn — Photo 1 of 42

60 Commercial St Lynn — Photo 1 of 42

$1,165,000

60 Commercial St, Lynn, MA 01905

Lynn, MA 01905

Beds

6

Baths

3

SqFt

3,528

Style

3 Family

Built

1900

Well maintained 3-family property located at 60 Commercial Street in Lynn. Units 1 & 2 are vacant, offering immediate flexibility for owner occupants or investors, while Unit 3 is occupied by a tenant at will, providing instant rental income. All three units are deleaded & separately metered, and the property offers two off street parking spaces. The building has seen major system upgrades, including conversion from oil to gas heating in 2013, electrical upgrades in 2013, a new roof installed in 2013, and three gas water heaters replaced in 2023. Units feature spacious layouts with eat-in kitchens, hardwood flooring, and abundant natural light. This classic New England three-decker also offers front/back porches and strong curb appeal. An excellent opportunity for investors seeking strong rental potential or owner occupants looking to offset their mortgage while building long term equity. Conveniently located near public transportation, shopping, dining, and major routes.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$330/sqft
Local Avg (Lynn)$313/sqft
5% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$1,165,000
Annual Taxes$7,948

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood, Vinyl
BasementFull, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick, Stone
RoofRubber
FoundationStone, Brick/Mortar
ZoningR4

Property & Lot

Acres0.06
SqFt Lot2,805
Lot FeaturesEasements

Geography

Population

28,221

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

48.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Edwin Romero

Listing Office: eXp Realty LLC

MLS® Number: 73549256

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