Welcome to this spacious 2-family home featuring an additional studio with a full bath, perfect for generating extra income or hosting guests. The first floor offers 2 bedrooms and 1 bath, while the second floor includes 5 bedrooms, one of which is designed as an office space, and 1 bath, equipped with modern amenities, including separate utilities for each unit. Both water heaters were installed in 2021, a water filtration system installed in 2018 services the entire property. Additionally, a brand-new heating system was installed in 2023. The roof is approximately 12 years old, ensuring durability and reliability. The basement provides ample space with sufficient height to stand around comfortably. The yard is expansive ready for your creative touch. The attached studio, currently operating as a licensed daycare center, presents a unique opportunity to run a small business from home. Conveniently located, this home combines comfort and practicality with the potential for monetization
Sold for $915,000
$915,000
16 Hanover St, Lynn, MA 01902
8beds
3,678sqft
2 Family - 2 Units Up/Down
Built in 1880
-- sqft lot
$1,026,600 Zestimate®
$249/sqft
$2,294 Estimated rent
Home value
$1,026,600
$944,000 - $1.12M
$2,294/mo
Zestimate® history
Owner options
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$2,294/mo
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$2,294/mo
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$5,716/mo
Est. payment
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$5,716/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
The Movement Group 978-712-9570,
Compass 617-206-3333,
Juan Rodriguez 781-417-9786
Bought with:
The Alianza Group
Nina-Soto Realty, LLC
Source: MLS PIN,MLS#: 73250910
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Natural Gas
Features
- Flooring: Wood, Tile
- Basement: Full,Interior Entry,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,678
- Total interior livable area: 3,678 sqft
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Paved
- Uncovered spaces: 5
Features
- Patio & porch: Porch, Enclosed, Patio
- Waterfront features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 9,604 Square Feet
Details
- Parcel number: M:053 B:722 L:025,2005688
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Foundation: Stone, Irregular
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Location
- Region: Lynn
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $824,100
- Annual tax amount: $8,678
- Date on market: 1/21/2026
- Listing terms: Lease Back
- Total actual rent: 1900
Price history
| Date | Event | Price |
|---|---|---|
| 8/9/2024 | Sold | $915,000+4.1%$249/sqft |
Source: MLS PIN #73250910 Report a problem | ||
| 6/12/2024 | Listed for sale | $879,000+388.3%$239/sqft |
Source: MLS PIN #73250910 Report a problem | ||
| 11/16/1999 | Sold | $180,000+309.1%$49/sqft |
Source: Public Record Report a problem | ||
| 2/26/1999 | Sold | $44,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,096 +4.8% | $878,033 +6.5% |
| 2024 | $8,678 +5.8% | $824,100 +12.1% |
| 2023 | $8,200 | $735,400 |
| 2022 | $8,200 +4.5% | $735,400 +22.1% |
| 2021 | $7,849 +8% | $602,400 +11.1% |
| 2020 | $7,268 +6% | $542,400 +13.1% |
| 2019 | $6,855 +7.9% | $479,400 +14.4% |
| 2018 | $6,351 +6.7% | $419,200 +9.9% |
| 2017 | $5,953 +13.7% | $381,600 +18% |
| 2016 | $5,234 +7.6% | $323,500 +11.4% |
| 2015 | $4,864 -0.2% | $290,400 +2.1% |
| 2014 | $4,873 +11.4% | $284,500 +10.1% |
| 2013 | $4,375 +2.1% | $258,400 -1.8% |
| 2012 | $4,283 +9.3% | $263,100 +8.9% |
| 2011 | $3,920 +13% | $241,700 +8.2% |
| 2010 | $3,468 -14.4% | $223,300 -29.8% |
| 2009 | $4,053 -10.6% | $318,100 -23% |
| 2008 | $4,536 +0.8% | $413,100 -4.5% |
| 2007 | $4,500 +8.8% | $432,700 +4% |
| 2006 | $4,135 +3.2% | $416,000 +5.7% |
| 2005 | $4,008 +2.3% | $393,700 +14.8% |
| 2004 | $3,918 +9% | $342,800 +25.9% |
| 2003 | $3,596 +51.8% | $272,200 +89.2% |
| 2001 | $2,369 +25.9% | $143,900 +35.6% |
| 1999 | $1,881 -7.7% | $106,100 -12.7% |
| 1995 | $2,038 | $121,600 |
Find assessor info on the county website
Neighborhood: 01902
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Nearby schools
GreatSchools rating
- 4/10Washington Elementary SchoolGrades: K-5Distance: 0.2 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.1 mi
- 6/10William R Fallon Elementary SchoolGrades: K-5Distance: 0.8 mi
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Estimated market value
$1,026,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,026,600
- Massachusetts
- Essex County
- Lynn
- 01902
- 16 Hanover St
