Excellent condition and ideally located, this oversized two-family property offers incredible opportunity! Nothing to do but move right in. Featuring strong rental potential, this home is perfect for first-time buyers looking to offset their mortgage or investors seeking to expand their portfolio. Spacious units, well maintained throughout, and situated in a convenient location close to amenities, transportation, and more. This one won’t last!
Sold for $860,000
$860,000
502 Western Ave, Lynn, MA 01904
5beds
2,718sqft
Multi Family
Built in 1910
-- sqft lot
$859,700 Zestimate®
$316/sqft
$3,261 Estimated rent
Home value
$859,700
$817,000 - $903,000
$3,261/mo
Zestimate® history
Owner options
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$3,261/mo
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$3,261/mo
Rent Zestimate®
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$5,374/mo
Est. payment
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$5,374/mo
Est. payment
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Spacious units
Zillow last checked:
Listing updated:
Listed by:
Pedro Calcano 781-588-2169,
William Raveis R.E. & Home Services 781-670-5200
Bought with:
Jennifer Salomon
eXp Realty LLC
Source: MLS PIN,MLS#: 73488300
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood, Tile
- Basement: Full,Finished,Walk-Out Access,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,718
- Total interior livable area: 2,718 sqft
- Finished area above ground: 2,218
- Finished area below ground: 500
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 4
Features
- Patio & porch: Porch
Lot
- Size: 4,887 Square Feet
Details
- Parcel number: M:054 B:650 L:005,2003823
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Slate
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Public School, Sidewalks
Location
- Region: Lynn
Financial & listing details
- Price per square foot: $316/sqft
- Tax assessed value: $733,640
- Annual tax amount: $7,601
- Date on market: 6/22/2026
- Listing terms: Contract
- Total actual rent: 0
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Sold | $860,000-1.1%$316/sqft |
Source: MLS PIN #73488300 Report a problem | ||
| 6/25/2026 | Pending sale | $869,900$320/sqft |
Source: MLS PIN #73488300 Report a problem | ||
| 6/2/2026 | Listed for sale | $869,900$320/sqft |
Source: MLS PIN #73488300 Report a problem | ||
| 3/26/2026 | Contingent | $869,900$320/sqft |
Source: MLS PIN #73488300 Report a problem | ||
| 3/18/2026 | Listed for sale | $869,900+42.6%$320/sqft |
Source: MLS PIN #73488300 Report a problem | ||
| 11/1/2019 | Sold | $610,000+2.5%$224/sqft |
Source: Public Record Report a problem | ||
| 9/17/2019 | Pending sale | $595,000$219/sqft |
Source: Re-yes Real Estate #72561008 Report a problem | ||
| 9/13/2019 | Listed for sale | $595,000$219/sqft |
Source: Re-yes Real Estate #72561008 Report a problem | ||
| 9/13/2019 | Pending sale | $595,000$219/sqft |
Source: Re-yes Real Estate #72561008 Report a problem | ||
| 9/7/2019 | Listed for sale | $595,000+71%$219/sqft |
Source: Re-yes Real Estate #72561008 Report a problem | ||
| 6/1/2006 | Sold | $348,000+21.3%$128/sqft |
Source: Public Record Report a problem | ||
| 8/14/2003 | Sold | $287,000$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,601 +5.1% | $733,640 +6.8% |
| 2024 | $7,233 +6% | $686,900 +12.2% |
| 2023 | $6,826 | $612,200 |
| 2022 | $6,826 +4.2% | $612,200 +21.8% |
| 2021 | $6,550 +7.7% | $502,700 +10.8% |
| 2020 | $6,082 +5.8% | $453,900 +12.9% |
| 2019 | $5,749 +7.3% | $402,000 +13.7% |
| 2018 | $5,359 +13.4% | $353,700 +16.8% |
| 2017 | $4,724 +13.5% | $302,800 +17.7% |
| 2016 | $4,163 +6.8% | $257,300 +10.5% |
| 2015 | $3,899 +12.6% | $232,800 +15.2% |
| 2014 | $3,462 -1.5% | $202,100 -2.7% |
| 2013 | $3,516 +2% | $207,700 -1.9% |
| 2012 | $3,446 +16.5% | $211,700 +16.1% |
| 2011 | $2,957 +12.6% | $182,300 +7.8% |
| 2010 | $2,626 -13.4% | $169,100 -28.9% |
| 2009 | $3,031 -12.6% | $237,900 -24.6% |
| 2008 | $3,466 +7.2% | $315,700 +1.5% |
| 2007 | $3,234 +9.7% | $311,000 +4.9% |
| 2006 | $2,947 +2.9% | $296,500 +5.4% |
| 2005 | $2,865 +1.5% | $281,400 +14% |
| 2004 | $2,822 +6.3% | $246,900 +22.9% |
| 2003 | $2,654 +47.1% | $200,900 +83.3% |
| 2001 | $1,804 +15.9% | $109,600 +24.8% |
| 1999 | $1,557 -13.6% | $87,800 -18.4% |
| 1995 | $1,803 | $107,600 |
Find assessor info on the county website
Neighborhood: 01904
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Nearby schools
GreatSchools rating
- 3/10Cobbet Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.3 mi
- 6/10William R Fallon Elementary SchoolGrades: K-5Distance: 0.7 mi
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Estimated market value
$859,700
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
$859,700
- Massachusetts
- Essex County
- Lynn
- 01904
- 502 Western Ave
