340 Parkland Ave contains 12 units comprised of (7) 1-Bedroom/1-Bathroom units and (5) 2-Bedroom/1-Bathroom units. The Property features an on-site laundry facility and parking for 12 vehicles. In-place leases are significantly below market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 340 Parkland Avenue is well-located in a densely populated residential neighborhood 1.75-miles northwest of Downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities along Boston Street and Western Avenue. Additionally, The Property is 2-miles from the Central Square commuter rail station with services to Boston’s North Station, and 12 miles from Downtown Boston.
Sold for $2,600,000
$2,600,000
340 Parkland Ave, Lynn, MA 01905
17beds
8,280sqft
5+ Family - 5+ Units Side by Side
Built in 1968
-- sqft lot
$-- Zestimate®
$314/sqft
$3,621 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,621/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Dennis Kelleher 781-776-4002,
Horvath & Tremblay 781-776-4000
Bought with:
Stephen Girolamo
Horvath & Tremblay
Source: MLS PIN,MLS#: 73272572
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 12
- Full bathrooms: 12
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 8,280
- Total interior livable area: 8,280 sqft
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Assigned
- Uncovered spaces: 12
Lot
- Size: 9,016 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1992366
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1968
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Location
- Region: Lynn
Financial & listing details
- Price per square foot: $314/sqft
- Tax assessed value: $2,067,100
- Annual tax amount: $21,767
- Date on market: 1/13/2026
- Total actual rent: 19345
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2024 | Sold | $2,600,000+4%$314/sqft |
Source: MLS PIN #73272572 Report a problem | ||
| 8/1/2024 | Listed for sale | $2,500,000$302/sqft |
Source: MLS PIN #73272572 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,412 -1.6% | $2,066,800 0% |
| 2024 | $21,767 +5.5% | $2,067,100 +11.7% |
| 2023 | $20,632 | $1,850,400 |
| 2022 | $20,632 +6.2% | $1,850,400 +24.1% |
| 2021 | $19,430 +1.9% | $1,491,200 +4.8% |
| 2020 | $19,071 +8.5% | $1,423,200 +15.8% |
| 2019 | $17,575 +14% | $1,229,000 +20.8% |
| 2018 | $15,415 +6.1% | $1,017,500 +9.2% |
| 2017 | $14,531 +1% | $931,500 +4.7% |
| 2016 | $14,392 +19.6% | $889,500 +23.9% |
| 2015 | $12,030 +7.4% | $718,200 +9.8% |
| 2014 | $11,205 +3.6% | $654,100 +2.3% |
| 2013 | $10,820 +7.1% | $639,100 +3% |
| 2012 | $10,103 -1.7% | $620,600 -2.1% |
| 2011 | $10,280 -0.1% | $633,800 -4.3% |
| 2010 | $10,286 +9% | $662,300 -10.6% |
| 2009 | $9,439 +20.2% | $740,900 +3.6% |
| 2008 | $7,851 -1.2% | $715,000 -6.4% |
| 2007 | $7,944 +6.9% | $763,800 +2.1% |
| 2006 | $7,434 +7.6% | $747,900 +10.2% |
| 2005 | $6,909 +9.1% | $678,700 +22.5% |
| 2004 | $6,332 +1.7% | $554,000 +17.5% |
| 2003 | $6,226 +7.4% | $471,300 +33.8% |
| 2001 | $5,799 +9.9% | $352,300 +18.4% |
| 1999 | $5,276 -6.8% | $297,600 -11.9% |
| 1995 | $5,663 | $337,900 |
Find assessor info on the county website
Neighborhood: 01905
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Nearby schools
GreatSchools rating
- 6/10Sewell-Anderson Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Breed Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Classical High SchoolGrades: 9-12Distance: 1.1 mi
- Massachusetts
- Essex County
- Lynn
- 01905
- 340 Parkland Ave
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