Active
71 Days on market
162 Washington St Lynn — Photo 1 of 38

162 Washington St Lynn — Photo 1 of 38

Recent Drop: $50,000

$1,199,000
$1,149,000

$1,149,000

162 Washington St, Lynn, MA 01902

Lynn, MA 01902

Beds

11

Baths

3

SqFt

4,088

Style

3 Family - 3 Units Up/Down

Built

1890

Discover an exceptional investment opportunity with this expansive three-family property, offering outstanding income potential for both investors and owner-occupants alike. The first and second-floor units each feature four spacious bedrooms, beautifully renovated kitchen and 1 full bathroom with gleaming hardwood floors throughout. The third-floor residence offers three generously sized bedrooms, providing additional flexibility and strong rental appeal. Each unit has separate utilities, making ownership and property management even more convenient. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property presents an incredible opportunity to maximize cash flow while building long-term equity. Ideally situated near public transportation, restaurants, shopping and Lynn Beach. This property is what every renter is looking for!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$281/sqft
Local Avg (Lynn)$306/sqft
8% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$1,199,000
Annual Taxes$9,659

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms17
FireplacesNone
FlooringTile, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Hot Water, Forced Air
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.08
SqFt Lot3,306
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Laundromat • House of Worship • Public School

Geography

Property History

Price Drop
$1,149,000

Was $1,199,000

Aug 4, 2026

MLS® 73546120

Listed
$1,199,000

Jul 7, 2026

MLS® 73546120

Expired
$750,000

Dec 11, 2025

MLS® 73431621

Listed
$750,000

Sep 16, 2025

MLS® 73431621

Population

50,066

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

63.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: The Decotis Group

Listing Office: Lyv Realty

MLS® Number: 73546120

Browse More Homes in Lynn

Explore other active listings in the area.