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108 Empire St, Lynn MA 01902

Lynn, MA 01902
$1,000,000
Est. $5,988/month
7
Beds
3.5
Baths
3,488
Sq Ft
$287
Price/Sq Ft
0.29
Acres
1880
Year Built
11
Days on Market
Closed Listed Jan 29, 2025 • MLS# 73330130 Copied!

About this home

*Ask about 1st Time Homebuyer programs w/ grants up to $50,000 & 1.5% down payment!* Attention investors or owner-occupants! This spacious & well-maintained 2-family home, set on a massive lot just off the Swampscott line, offers endless potential in a highly desirable location near the beach, public transportation,& schools. The first unit features 2 bedrooms, 1.5 bathrooms, & 2 versatile bonus rooms that can serve as an office, family room, or additional bedroom. The second unit, w/ its bi-level layout, boasts 5 bedrooms & 2 full bathrooms, making it perfect for larger households or rental income opportunities. An unfinished basement provides even more potential for expansion. Outside, the fenced backyard features an in-ground pool, ideal for summer gatherings & entertaining. Parking is stress-free w/ a double driveway & a 4-car garage, accommodating 10+ vehicles w/ ease. This is a rare opportunity to own a multi-family home that combines space, versatility, & an unbeatable location

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Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1880
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,488 sq ft
Total Rooms
15
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $924,900
Final Sale Price: $1,000,000
Difference: +$75,100 (+8.1%)
Performance Metrics
108.1%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $265
Sale $/sq ft: $287
This property sold for $287 per square foot
Sale Summary

This property sold for 8.1% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$287/sq ft
Area Average
$341/sq ft
Difference
16.0%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

4 Car Garage

Home Facts

Type Residential Income
Style Multi Family
Year Built 1880
Living Area 3,488 sq ft
Lot Size 0.29 acres
Bedrooms 7
Full Baths 3
Half Baths 1
Total Rooms 15

Interior

Heating Forced Air, Natural Gas, Electric, Hot Water
Cooling None
Flooring None
Appliances Freezer, Washer, Dryer, Range, Dishwasher, Refrigerator, Washer/dryer
Fireplace None
Basement Full, Unfinished
Laundry None
Features Living Room, Kitchen

Exterior

Construction Frame
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 4
Has Garage Yes
Features Paved Drive, Off Street, Paved
Total Spaces 10

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $8,778
Assessed Value $833,600

Interior Features

Flooring:
Appliances: Freezer, Washer, Dryer, Range, Dishwasher, Refrigerator, Washer/Dryer
Interior Features: Living Room, Kitchen
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials: Frame
Roof:
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Electric, Hot Water
Heating Zones: 2
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 4
Total Parking Spaces: 10
Parking Features: Paved Drive, Off Street, Paved

Location

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Neighborhood

108 Empire St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Nearby Schools

School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
The Hathaway School
0.2 mi
Grades PK-08
St. Pius V Elementary School
1.0 mi
Grades PK-08
B-
KIPP Academy Lynn Charter School
1.0 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
North Shore Christian School
1.5 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.6 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
Sacred Heart Elementary School
2.3 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.4 mi
Grades PK-12
A-
Aborn School
0.3 mi | #226 of 824 | Score: 53.5
Improved 252 spots from last year
-4.7 below state avg
224 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Ingalls School
0.3 mi | #673 of 824 | Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students Moderate
Rising School
Grades K-05
C
Hood School
0.4 mi | #617 of 824 | Score: 39.9
Improved 28 spots from last year
-18.3 below state avg
541 students Moderate
Rising School
Grades PK-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.3 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.6 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B
Fredrick Douglass Collegiate Academy
1.2 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
1.3 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.4 mi
Grades 06-12
D
Lynn English High School
0.7 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
1.4 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
C-
Classical High School
2.8 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $732
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

7.5%
Price Range
14
Total Days on Market

Property Timeline

Sold
Mar 12, 2025
$1,000,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Jan 29, 2025
$924,900
Original listing
Agent: Johnny Long Office: PRIVI Realty LLC

Price & Status History

Date Event Price Change
Jan 29, 2025 New Listing Added $924,900

Market Statistics

Days on Market
11 days
Price per Sq Ft
$287

Tax History

Year Taxes Assessment
2024 $8,778 $833,600

Financial Details

Annual Property Tax
$8,778
Tax Year 2024
Assessed Value
$833,600

Listing Information

Listing Agent Johnny Long
Listing Office PRIVI Realty LLC
Agent MLS ID CN241902
Office MLS ID AN6354
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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