Active
70 Days on market
7 Ward St. Lynn — Photo 1 of 12

7 Ward St. Lynn — Photo 1 of 12

Recent Drop: $25,001

$925,000
$899,999

$899,999

7 Ward St., Lynn, MA 01902

Lynn, MA 01902

Beds

5

Baths

3

SqFt

2,141

Style

3 Family

Built

1900

A rare turnkey 3-family investment opportunity moments from the desirable East Lynn neighborhood. Completely gut-renovated in approximately 2017 and meticulously maintained, this fully sprinklered property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit — each thoughtfully updated with modern kitchens and bathrooms, hardwood flooring, and open-concept living and dining layouts. Additional highlights include a generous backyard, off-street parking, and strong rental demand in one of the North Shore's most rapidly growing markets. Ideally situated approximately 1.5 miles from the beautiful Kings Beach and just minutes from the MBTA Commuter Rail station in Lynn — with convenient access to Swampscott and the broader North Shore corridor. Whether you are an end user or a seasoned investor, this is a truly turnkey asset offering immediate income potential and exceptional long-term upside. Opportunities like this don't come along often.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$420/sqft
Local Avg (Lynn)$367/sqft
14% AboveMarket Average

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

Property Details

Financials

Original Price$925,000
Annual Taxes$8,498

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood, Vinyl
BasementConcrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Brick/Mortar
ZoningR2

Property & Lot

Acres0.08
SqFt Lot3,515
Lot FeaturesCleared, Level

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Price Drop
$899,999

Was $925,000

Sep 11, 2026

MLS® 73549163

Listed
$925,000

Jul 14, 2026

MLS® 73549163

Terminated
$940,000

Jun 7, 2026

MLS® 73483241

Listed
$940,000

Mar 5, 2026

MLS® 73483241

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: Vincent Rizzo

Listing Office: Douglas Elliman Real Estate - The Sarkis Team

MLS® Number: 73549163

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