73 Woodman Street, Lynn MA 01905
Lynn, MA 01905
$999,000
Est. $5,902/month
About this home
Incredible investment opportunity! Well-maintained 3-family property in a prime Lynn location—ideal for investors or owner-occupants. Each unit features a Lead Certificate, 3 bedrooms, 1 full bath, hardwood flooring and a functional layout with bright, inviting living spaces. Major updates include roof and siding, some electrical upgrades and one newer boiler, offering added peace of mind. 2 car garage and off-street parking adds to the overall appeal and ease of living. Ideally located near shops, restaurants, public transportation, and everyday amenities, this property offers both strong rental potential and lifestyle appeal. Current rents are below market, all 3 TAW.. A fantastic opportunity for income generation or multi-generational living.
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Property History
Market Insights
1
Price Changes
1.4%
Price Range
Property Timeline
Showing Instructions Updated
Jul 30, 2026
New showing requirements
Price Increased
Jun 29, 2026
$999,000
+$14,000
(+1.42%)
From $985,000 to $999,000 (+1.4%)
Listed for Sale
Jun 25, 2026
$985,000
Original listing
Agent: Bill McMahon
Office: McMahon Natoli Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/30/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/29/2026 | ↑ Price Increased | $999,000 | +$14,000 | - | From $985,000 to $999,000 (+1.4%) |
| 06/25/2026 | 🏠 Listed for Sale | $985,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,811 | $754,000 |
Financial Details
Annual Property Tax
$7,811
Tax Year 2025
Assessed Value
$754,000
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
3,594 sq ft
Lot Size
0.09 acres
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,500/mo · N
Unit 2 Rent
$1,900/mo · N
Unit 3 Rent
$1,900/mo
Total Monthly Rent
$6,300/mo
Gross Income
$45,600
Net Operating Income
$45,600
Cap Rate
4.56%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Off Street
Total Spaces
5
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,811
Assessed Value
$754,000
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
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
36 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,594 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,594 sq ft above grade
Display Options
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:
Wood, Tile
Appliances:
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
5
Parking Features:
Off Street
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
Elementary Schools
10 schools
Sacred Heart Elementary School
0.3 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
0.9 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
B-
KIPP Academy Lynn Charter School
1.2 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
St. Pius V Elementary School
1.7 mi
Grades PK-08
North Shore Christian School
2.1 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.1 mi
Grades PK-12
The Hathaway School
2.5 mi
Grades PK-08
C
A. Drewicz Elementary School
0.2 mi
|
#600 of 824
|
Score: 40.9
Improved 84 spots from last year
-17.3 below state avg
488 students
Moderate
Rising School
Grades K-05
C-
Wm. P. Connery Elementary School
0.5 mi
|
#719 of 824
|
Score: 34.2
Improved 75 spots from last year
-24.1 below state avg
563 students
Moderate
Rising School
Grades K-05
C-
Lincoln-Thomson School
0.5 mi
|
#716 of 824
|
Score: 34.3
Dropped 1 spots from last year
-23.9 below state avg
219 students
Diverse
Grades K-05
Middle Schools
2 schools
C+
Pickering Middle School
1.9 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
C-
Thurgood Marshall Middle School
2.2 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
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
0.9 mi
Grades 06-12
St. Mary's High School
1.1 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
1.5 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
C-
Classical High School
0.7 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
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
94 students
Diverse
Rising School
Career Tech Programs
Grades 09-12
D
Lynn English High School
1.8 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
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Monthly Payment Breakdown
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Property Tax
$651
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
73 Woodman Street, Lynn MA 01905
Lynn, MA 01905
Listing Information
Listing Agent
Bill McMahon
Listing Office
McMahon Natoli Realty
Office Phone
617-224-2527
Agent MLS ID
BB980357
Office MLS ID
AN1101
Listing Data Updated
Jul 30, 2026 11:07 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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