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82 Fayette St, Lynn MA 01902

Lynn, MA 01902
$870,000
$850,000
Est. $4,809/month
10
Beds
10
Baths
12,612
Sq Ft
$67
Price/Sq Ft
0.16
Acres
1830
Year Built
16
Parking
37
Days on Market
Active Price Drop -$20,000 Listed Jun 2, 2026 • MLS# 73528485 Copied! • Updated Jun 8, 2026

About this home

Rare shovel-ready 8-unit development opportunity in one of Lynn’s hottest and fastest-appreciating markets. Fully approved with foundation work already underway, this project offers a major head start for developers looking to move quickly and capitalize on strong demand. Plans feature an ideal unit mix with four modern single-level residences and four oversized duplex units, including 1, 2, 3, and 4-bedroom layouts designed to maximize rental income and resale potential. All permits and approvals are secured for immediate continuation of construction. Exceptional opportunity for investors, builders, or condo developers seeking strong cash flow, high resale margins, and long-term appreciation in a rapidly transforming location. Turnkey development opportunities with approvals already in place are increasingly rare in today’s market.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
2.3%
Price Range

Property Timeline

Price Reduced
Jun 4, 2026
$850,000 $20,000 (-2.3%)
From $870,000 to $850,000 (-2.3%)
🏠
Listed for Sale
Jun 2, 2026
$870,000
Original listing
Agent: MG Group Office: Century 21 North East

Tax History

Year Taxes Assessment
2016 $3,729 $230,500

Financial Details

Annual Property Tax
$3,729
Tax Year 2016
Assessed Value
$230,500

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1830
Living Area 12,612 sq ft
Lot Size 0.16 acres
Bedrooms 10
Full Baths 10
Total Rooms 22

Investment Metrics

Units 8
Unit 1 Rent — · N
Unit 2 Rent — · N
Unit 3 Rent — · N
Unit 4 Rent — · N
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features Living Room, Kitchen, Dining Room
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 16
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,729
Assessed Value $230,500
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Plans Attached***
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 49 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1830
Bedrooms
10
Full Bathrooms
10
Living Area
12,612 sq ft
Total Rooms
22
Stories
6
Levels
6

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features: Living Room, Kitchen, Dining Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1830
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 6

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 16
Parking Features: Paved Drive
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
0.6 mi
Grades PK-08
B-
KIPP Academy Lynn Charter School
0.7 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
1.0 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.2 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
North Shore Christian School
1.6 mi
Grades PK-08
Sacred Heart Elementary School
1.9 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.4 mi
Grades PK-12
C-
Ingalls School
0.2 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-
E. J. Harrington Elementary School
0.4 mi | #717 of 824 | Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.4 mi | #688 of 824 | Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students Moderate
Rising School
Grades K-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
0.7 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
0.9 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.0 mi
Grades 06-12
D
Lynn English High School
0.6 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
1.0 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 Calculator

Monthly Payment
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Loan Amount
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After down payment
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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 $311
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.

Location

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Neighborhood

82 Fayette St, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent MG Group
Listing Office Century 21 North East
Office Phone 617-389-1129
Agent MLS ID TM340461
Office MLS ID AN4345
Listing Data Updated Jun 8, 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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