32 Morris Street, Lynn MA 01905
Lynn, MA 01905 • West Lynn
$989,900
Est. $5,905/month
About this home
Best deal in Lynn! Outstanding investment or owner-occupant opportunity in a highly desirable West Lynn location. Situated on a quiet side street with ample off-street parking, this well-maintained three-family property offers three spacious units, each currently configured with five rooms and three bedrooms. The first-floor unit will be delivered vacant, providing an excellent opportunity for an owner-occupant or investor to renovate and potentially reconfigure the space into a four-bedroom unit for added value and increased rental income. Each apartment is separately metered and features gas heat. Additional highlights include letters of de-leaded compliance, low-maintenance vinyl siding, and a rubber roof. A rare opportunity to expand your portfolio or occupy one unit while collecting rental income from the others in one of Lynn’s most desirable neighborhoods.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 19, 2026
$989,900
Original listing
Agent: Eugene L. Clements
Office: Clements Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/19/2026 | 🏠 Listed for Sale | $989,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,400 | $815,500 |
Financial Details
Annual Property Tax
$8,400
Tax Year 2025
Assessed Value
$815,500
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Side by Side
Year Built
1923
Living Area
3,456 sq ft
Lot Size
0.07 acres
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,400/mo · Y
Unit 2 Rent
$3,000/mo · Y
Unit 3 Rent
$3,300/mo · Y
Total Monthly Rent
$8,700/mo
Gross Income
$99,180
Net Operating Income
$74,325
Operating Expenses
$9,046
Water/Sewer Expense
$1,832
Electric Expense
$353
Insurance Expense
$6,669
Cap Rate
7.51%
Interior
Heating
Natural Gas
Cooling
None
Flooring
None
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Concrete
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
4
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,400
Assessed Value
$815,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Hello
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
29 days
Property Overview
Property Type
3 Family - 3 Units Side by Side
Listing Type
For Sale
Year Built
1923
Bedrooms
9
Full Bathrooms
3
Living Area
3,456 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,456 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Interior Entry, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1923
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$700
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
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
West Lynn
32 Morris Street, Lynn MA 01905
Lynn, MA 01905
Listing Information
Listing Agent
Eugene L. Clements
Listing Office
Clements Realty Group
Office Phone
781-595-9600
Agent MLS ID
C8000525
Office MLS ID
C95263
Listing Data Updated
Jul 18, 2026 9:00 AM EDT
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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