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!
For sale
Price cut: $50K (8/4)
$1,149,000
162 Washington St, Lynn, MA 01902
11beds
4,088sqft
3 Family - 3 Units Up/Down
Built in 1890
-- sqft lot
$-- Zestimate®
$281/sqft
$-- HOA
What's special
Gleaming hardwood floors throughoutBeautifully renovated kitchen
- 41 days |
- 250 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
The Decotis Group 978-210-3030,
Lyv Realty 978-533-8000
Source: MLS PIN,MLS#: 73546120
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas, Hot Water, Forced Air
Appliances
- Included: Range, Microwave, Refrigerator
Features
- Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
- Flooring: Tile, Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,088
- Total interior livable area: 4,088 sqft
- Finished area above ground: 4,088
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 3
Features
- Patio & porch: Porch
- Exterior features: Balcony/Deck, Balcony
- Waterfront features: Ocean, 1 to 2 Mile To Beach
Lot
- Size: 3,306 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: M:069 B:656 L:001,2003999
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Stone, Brick/Mortar
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Laundromat, House of Worship, Public School, T-Station
Location
- Region: Lynn
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $932,300
- Annual tax amount: $9,659
- Date on market: 7/7/2026
- Listing terms: Contract
- Total actual rent: 0
Estimated market value
Not available
Estimated sales range
Not available
$2,261/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $1,149,000-4.2%$281/sqft |
Source: MLS PIN #73546120 Report a problem | ||
| 7/8/2026 | Listed for sale | $1,199,000+59.9%$293/sqft |
Source: MLS PIN #73546120 Report a problem | ||
| 11/4/2025 | Listing removed | $750,000$183/sqft |
Source: MLS PIN #73431621 Report a problem | ||
| 10/27/2025 | Listed for sale | $750,000+25%$183/sqft |
Source: MLS PIN #73431621 Report a problem | ||
| 9/21/2025 | Listing removed | $599,900$147/sqft |
Source: MLS PIN #73431621 Report a problem | ||
| 9/17/2025 | Listed for sale | $599,900+95.1%$147/sqft |
Source: MLS PIN #73431621 Report a problem | ||
| 4/16/2018 | Listing removed | $1,850 |
Source: Space Finder Realty, LLC. Report a problem | ||
| 3/31/2018 | Listed for rent | $1,850 |
Source: Space Finder Realty, LLC. Report a problem | ||
| 7/13/2007 | Sold | $307,500-22.2%$75/sqft |
Source: Public Record Report a problem | ||
| 12/9/2002 | Sold | $395,000+146.9%$97/sqft |
Source: Public Record Report a problem | ||
| 11/1/1999 | Sold | $160,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,659 +0% | $932,300 +1.7% |
| 2024 | $9,656 +8.6% | $917,000 +15% |
| 2023 | $8,890 | $797,300 |
| 2022 | $8,890 +6.1% | $797,300 +24% |
| 2021 | $8,378 +5.6% | $643,000 +8.7% |
| 2020 | $7,930 +10.1% | $591,800 +17.5% |
| 2019 | $7,203 +8.8% | $503,700 +15.3% |
| 2018 | $6,619 +0% | $436,900 +3% |
| 2017 | $6,618 +11.9% | $424,200 +16% |
| 2016 | $5,915 +12% | $365,600 +15.9% |
| 2015 | $5,283 +7.2% | $315,400 +9.6% |
| 2014 | $4,928 +15.1% | $287,700 +13.8% |
| 2013 | $4,282 +1.4% | $252,900 -2.5% |
| 2012 | $4,221 +1.8% | $259,300 +1.4% |
| 2011 | $4,146 +11.2% | $255,600 +6.5% |
| 2010 | $3,727 +19.1% | $240,000 -2.3% |
| 2009 | $3,130 -32.6% | $245,700 -41.9% |
| 2008 | $4,646 -9.1% | $423,100 -13.9% |
| 2007 | $5,111 +6% | $491,400 +1.3% |
| 2006 | $4,823 -0.2% | $485,200 +2.2% |
| 2005 | $4,833 +1.6% | $474,800 +14.1% |
| 2004 | $4,758 +12.8% | $416,300 +30.4% |
| 2003 | $4,218 +63.7% | $319,300 +104% |
| 2001 | $2,576 +21.8% | $156,500 +31.2% |
| 1999 | $2,115 +5.2% | $119,300 -0.5% |
| 1995 | $2,010 | $119,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 01902
Nearby schools
GreatSchools rating
- 3/10Cobbet Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.2 mi
- 1/10Lynn English High SchoolGrades: 9-12Distance: 0.8 mi
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