11 Sachem St, Lynn MA 01902

Lynn, MA 01902 • Diamond District
$515,000
7
Beds
3
Baths
3,221
Sq Ft
$160
Price/Sq Ft
0.05
Acres
1900
Year Built
6
Days on Market
Sold Listed Jul 10, 2017 • MLS# 72195563 Copied! • Updated Sep 15, 2017

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Sale Statistics

Sale Overview
Original List Price: $479,900
Final Sale Price: $515,000
Difference: +$35,100 (+7.3%)
Performance Metrics
107.3%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $149
Sale $/sq ft: $160
This property sold for $160 per square foot
Sale Summary

This property sold for 7.3% above the original asking price, indicating strong buyer demand.

With only 6 days on market, this was a quick sale compared to typical market conditions.

About this home

Great investment opportunity or owner occupied 3 family in Lynn’s desirable Diamond District, only blocks away from the beach, Commuter Rail, Rt. 1A, MBTA, and North Shore Community College! Property has been updated to include new kitchens, combination of new hardwood floors/ceramic tiling/carpets throughout, new fixtures, and all units are freshly painted. Each unit has good sized bedrooms, lots of natural sunlight, newer windows and separate utilities! Extra storage space in the basement and hookups for laundry. Updated Electric. Roof is also newer in the last few years. Current owner has the property fully tenanted at top rents for solid cash flow for an investor. New owner will collect income on day 1! No showings until Open Houses Thursday, July 13th 5:30 PM to 6:30 PM and Sunday, July 16th 11:00 AM to 12:00 PM.

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Recently Sold Nearby

Property History

Market Insights

50.8%
Price Range
7
Total Days on Market

Property Timeline

Current Active Listing - MLS #73583742
Full transaction history available when tracking began
🏡
Currently Listed
Sep 29, 2026
$975,000
MLS #73583742 - Active
✓
Sold
Sep 15, 2017
$515,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Jul 10, 2017
$479,900
Original listing
Agent: Anthony Gallo Office: North Shore Realty Pros

Tax History

Year Taxes Assessment
2017 $6,098 $390,900

Financial Details

Annual Property Tax
$6,098
Tax Year 2017
Assessed Value
$390,900

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1900
Living Area 3,221 sq ft
Lot Size 0.05 acres
Bedrooms 7
Full Baths 3
Total Rooms 13

Investment Metrics

Units 3
Unit 1 Rent $1,700/mo · Y
Unit 2 Rent $1,450/mo · Y
Unit 3 Rent $1,475/mo · Y
Total Monthly Rent $4,625/mo
Gross Income $55,500
Net Operating Income $55,500
Cap Rate 11.56%
Heating Natural Gas
Cooling None
Flooring Tile, Carpet, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Interior Entry, Bulkhead, Unfinished
Laundry Washer Hookup
Features None
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup

Financial

Annual Tax $6,098
Assessed Value $390,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Right Of Way...bedroom #3 In Unit #1 Does Not Have A Closet
Possession None
Accepted Financing Contract
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 7 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
Sold
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
3,221 sq ft
Total Rooms
13
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Tile, Carpet, Hardwood
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: Interior Entry, Bulkhead, Unfinished
Laundry: Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Stone, Brick/Mortar
Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features:
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
B-
KIPP Academy Lynn Charter School
0.8 mi | #203 of 346 | Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C-
Lynn Vocational Technical Institute
0.9 mi | #292 of 346 | Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students Moderate
Early College Program High Graduation Rate Rising School Career Tech Programs
Grades PK-12
The Hathaway School
1.2 mi
Grades PK-08
St. Pius V Elementary School
1.5 mi
Grades PK-08
Sacred Heart Elementary School
1.9 mi
Grades PK-08
North Shore Christian School
2.1 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.8 mi
27 students Diverse
Grades PK-12
C-
E. J. Harrington Elementary School
0.3 mi | #721 of 825 | Score: 34.3
Improved 72 spots from last year
-23.9 below state avg
685 students Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.6 mi | #667 of 825 | Score: 37.5
Improved 122 spots from last year
-20.7 below state avg
330 students Moderate
Rising School
Grades K-05
C
Washington Elementary School
0.8 mi | #659 of 825 | Score: 37.9
Improved 112 spots from last year
-20.4 below state avg
453 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.9 mi | #311 of 352 | Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
2.1 mi | #229 of 352 | Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B+
Fredrick Douglass Collegiate Academy
0.3 mi | #11 of 25 | Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
0.7 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.9 mi
259 students Moderate
Grades 06-12
B-
Harold Durgin Success Academy
0.9 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
98 students Moderate
Rising School Career Tech Programs Strong Attendance
Grades 09-12
D
Lynn English High School
1.2 mi | #315 of 346 | Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
C-
Classical High School
2.5 mi | #304 of 346 | Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Location

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Neighborhood

Diamond District

11 Sachem St, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Office North Shore Realty Pros
Office Phone 978-414-5566
Agent MLS ID CN200545
Office MLS ID AN1441
Listing Data Updated Sep 15, 2017 3:34 PM 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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