Sold for $1,110,000

$1,110,000

316 Essex St, Lynn, MA 01902

8beds

3,473sqft

3 Family - 3 Units Up/Down

Built in 1876

-- sqft lot

$1,120,500 Zestimate^®

$320/sqft

$3,433 Estimated rent

Home value

$1,120,500

$1.02M - $1.23M

$3,433/mo

Zestimate^® history

Owner options

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$3,433/mo

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$3,433/mo

Rent Zestimate^®

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$6,907/mo

Est. payment

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$6,907/mo

Est. payment

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What's special

SPECTACULAR 3 FAMILY HOME-A TURNKEY INVESTMENT OPPORTUNITY!!! Welcome to this stunning 3 family home, meticulously renovated from top to bottom just one year AGO! This impressive property boasts brand-new kitchens withquartz countertops new bathrooms and entirely new plumbing throughout the house. Convenient public laundry hookups are located in the basement, and beautiful hardwood floors adorn the entirety of the home. The first and second floors are rented for $3,000 each, with tenancy at will, providing a steady income stream. The third floor is vacant and ready for you to occupy, offering the perfect opportunity to live in one unit and rent out the others. Conveniently located close to shops and restaurants, this home is perfectly situated for easy access to all the amenities you need. Don't miss this incredible opportunity to own a turnkey 3-family home that's sure to appreciate over time. With its unique blend of modern updates and classic charm, this property is a rare find

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,473
Total interior livable area: 3,473 sqft
Finished area above ground: 3,473

Property

Parking

Total spaces: 6
Parking features: Paved Drive
Uncovered spaces: 6

Lot

Size: 5,444 Square Feet

Details

Parcel number: 2003108
Zoning: R4

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family - 3 Units Up/Down

Materials

Foundation: Stone, Brick/Mortar

Condition

Year built: 1876

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Lynn

Financial & listing details

Price per square foot: $320/sqft
Tax assessed value: $645,900
Annual tax amount: $8,740
Date on market: 1/8/2026
Exclusions: Laundry
Total actual rent: 6000

Price history

Date	Event	Price
6/15/2026	Listing removed	$1,250,000$360/sqft
Source: MLS PIN #73526347 Report a problem
5/28/2026	Listed for sale	$1,250,000-3.8%$360/sqft
Source: MLS PIN #73526347 Report a problem
5/25/2026	Listing removed	$1,299,000$374/sqft
Source: MLS PIN #73500297 Report a problem
4/12/2026	Listed for sale	$1,299,000+17%$374/sqft
Source: MLS PIN #73500297 Report a problem
4/10/2025	Sold	$1,110,000+11%$320/sqft
Source: MLS PIN #73337231 Report a problem
2/26/2025	Contingent	$999,900$288/sqft
Source: MLS PIN #73337231 Report a problem
2/21/2025	Listed for sale	$999,900+38.9%$288/sqft
Source: MLS PIN #73337231 Report a problem
2/10/2023	Sold	$720,000+30.9%$207/sqft
Source: MLS PIN #73065504 Report a problem
10/18/2019	Sold	$550,000+17.3%$158/sqft
Source: Public Record Report a problem
8/19/2005	Sold	$469,000+2658.8%$135/sqft
Source: Public Record Report a problem
7/15/1994	Sold	$17,000$5/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,740 -0.4%	$843,600 +1.2%
2024	$8,778 +8.8%	$833,600 +15.2%
2023	$8,069	$723,700
2022	$8,069 +5.9%	$723,700 +23.7%
2021	$7,623 +5.5%	$585,000 +8.5%
2020	$7,227 +5.2%	$539,300 +12.2%
2019	$6,871 +8.3%	$480,500 +14.7%
2018	$6,345 +4.4%	$418,800 +7.5%
2017	$6,076 +11.9%	$389,500 +16.1%
2016	$5,430 +11.4%	$335,600 +15.3%
2015	$4,874 +11.3%	$291,000 +13.8%
2014	$4,378 +11.6%	$255,600 +10.3%
2013	$3,923 -0.9%	$231,700 -4.7%
2012	$3,958	$243,100