48 Saratoga St, Lynn MA 01902
Lynn, MA 01902
$899,412
Est. $5,448/month
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Open House Schedule
15
Aug
Saturday, August 15
12:00 PM - 1:00 PM EDT
About this home
Well-maintained two-family property set on an oversized lot in a desirable Lynn location near Flax Pond. Both units offer a flexible floor plan with spacious rooms and solid interior condition, making this an ideal opportunity for owner-occupants and investors alike. Interior updates have been well cared for, allowing a new owner to focus on maximizing future value. The exterior will benefit from trim and shingle repairs and/or replacement, presenting a clear value-add opportunity. A detached oversized one-car garage and ample outdoor space add to the property’s appeal and functionality. With strong upside potential in rental income and a location close to commuter routes, and local amenities, this is a smart long-term hold with room to grow. Rent in unit two is market rent not actual. Actual is unknown.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
53.3%
Price Range
1
Previous Sales
Property Timeline
Price Reduced
Aug 7, 2026
$899,412
$88
(-0.01%)
From $899,500 to $899,412 (-0.0%)
Price Increased
Aug 7, 2026
$899,500
+$49,500
(+5.82%)
From $850,000 to $899,500 (+5.8%)
Showing Instructions Updated
Apr 29, 2026
New showing requirements
Showing Instructions Updated
Apr 2, 2026
New showing requirements
Showing Instructions Updated
Mar 31, 2026
New showing requirements
Listed for Sale
Mar 31, 2026
$850,000
Original listing
Agent: The Bill Butler Group
Office: Leading Edge Real Estate
Previous Transaction - MLS #72002816
Full transaction history available when tracking began
Previously Sold
Sep 26, 2016
$420,000
MLS #72002816
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/07/2026 | ↓ Price Reduced | $899,412 | $88 | - | From $899,500 to $899,412 (-0.0%) |
| 08/07/2026 | ↑ Price Increased | $899,500 | +$49,500 | - | From $850,000 to $899,500 (+5.8%) |
| 04/29/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 04/02/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 03/31/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 03/31/2026 | 🏠 Listed for Sale | $850,000 | - | - | Original listing |
| 09/26/2016 | 🏷️ Previously Sold | $420,000 | - | - | MLS #72002816 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,396 | $810,407 |
Financial Details
Annual Property Tax
$8,396
Tax Year 2025
Assessed Value
$810,407
Facts & Features
1 Car Garage
Central AC
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1927
Living Area
2,844 sq ft
Lot Size
0.15 acres
Bedrooms
6
Full Baths
2
Half Baths
2
Total Rooms
13
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$3,200/mo · N
Total Monthly Rent
$3,200/mo
Gross Income
$38,400
Net Operating Income
$38,400
Cap Rate
4.27%
Interior
Heating
Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Carpet
Appliances
None
Fireplace
None
Basement
Full, Partially Finished, Walk-out Access, Interior Entry, Concrete
Laundry
None
Features
Lead Certification Available, Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen, Sunroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
Above Ground
Spa
None
Fencing
Fenced
Patio/Porch
Porch, Deck
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
6
Utilities
Electric
Circuit Breakers, 100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, Varies Per Unit
Financial
Annual Tax
$8,396
Assessed Value
$810,407
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
Gray
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
133 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1927
Bedrooms
6
Full Bathrooms
2
Half Bathrooms
2
Living Area
2,844 sq ft
Total Rooms
13
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,844 sq ft above grade
Display Options
Outdoor Areas
PoolAbove Ground
Patio & porchPorch, Deck
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, Carpet
Appliances:
Interior Features:
Lead Certification Available, Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen, Sunroom
Windows:
Basement:
Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1927
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas
Heating Zones:
2
Cooling:
Central Air
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Deck
Fencing:
Fenced
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, Paved
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
St. Pius V Elementary School
0.4 mi
Grades PK-08
North Shore Christian School
0.7 mi
Grades PK-08
The Hathaway School
0.9 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
TEAMS Academy at Virginia Barton Center
1.6 mi
Grades PK-12
C-
Lynn Vocational Technical Institute
1.7 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
2.0 mi
Grades PK-08
C
Hood School
0.3 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
A-
Aborn School
0.5 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
0.8 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
Middle Schools
2 schools
C+
Pickering Middle School
0.9 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
1.0 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
St. Mary's High School
1.4 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.4 mi
Grades 06-12
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
D
Lynn English High School
0.4 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
2.5 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 Breakdown
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Property Tax
$700
Homeowners Insurance
$200
PMI (if <20% down)
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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
48 Saratoga St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
The Bill Butler Group
Listing Office
Leading Edge Real Estate
Office Phone
781-979-0100
Agent MLS ID
TM327053
Office MLS ID
AN4646
Listing Data Updated
Aug 11, 2026 3:05 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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