204 Eastern Avenue Lynn — Photo 1 of 42
Recent Drop: $50,000
$1,349,999
Investment Analysis — 204 Eastern Avenue
Lynn, MA 01902
Based on rent reported on the MLS listing, a 5-unit multi-family in 01902 carries $4,200/mo in gross rent — about a 1.64% cap rate and $22,104/yr in estimated NOI at the $1,349,999 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
5
SqFt
3,567
Style
3 Family
Built
1880
Exceptional Turnkey Multi-Family Opportunity on the Lynn/Swampscott Line! This fully renovated legal 3-family property offers outstanding flexibility for investors or owner-occupants. Featuring 7 bedrooms & 5 full baths, the home includes beautifully updated units with bright living spaces, eat-in kitchens, white cabinetry, quartz countertops, stainless steel appliances, and stylish modern finishes throughout. Bathrooms showcase today's sought-after design with oversized showers & elegant gray-and-white décor. The finished attic provides additional living space with a bedroom, flex room, full bath, and kitchenette. Enjoy five maintenance-free composite decks, a fenced yard, updated windows, newly redone walkways, & low-maintenance vinyl siding w/stone accents. Ample parking includes a 2-car garage plus additional off-street spaces for up to 5 vehicles. Conveniently located near shopping, restaurants, beaches, & the Swampscott Commuter Rail. A rare move-in-ready investment opportunity.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Washer • Dryer • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access
Geography
Property History
$1,349,999
Was $1,399,999
Aug 31, 2026
MLS® 73541580
$1,399,999
Jun 25, 2026
MLS® 73541580
Listing Agent: Nikki Martin Team
Listing Office: Compass
MLS® Number: 73541580
