Sold for $770,000

$770,000

548 Eastern Ave, Lynn, MA 01902

4beds

1,972sqft

2 Family - 2 Units Up/Down

Built in 1910

-- sqft lot

$774,300 Zestimate^®

$390/sqft

$2,822 Estimated rent

Home value

$774,300

$705,000 - $852,000

$2,822/mo

Zestimate^® history

Owner options

List your home for rent

$2,822/mo

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$2,822/mo

Rent Zestimate^®

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$4,806/mo

Est. payment

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$4,806/mo

Est. payment

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What's special

Two car garageOff street parkingFenced in expansive yard

HOT DEAL! Situated in the heart of a thriving neighborhood of East Lynn in a close proximity to Salem and Swampscott, this property offers an excellent opportunity for investors or those looking to offset their mortgage expenses with rental rates ranging from $2,000/monthly to $2,600/monthly per unit. Every unit includes a kitchen, dining area, family room, flex rooms, storage, bath and bedrooms. Outdoor features a fenced in expansive yard, two car garage and ample amount of off street parking. The house is serviced by public water/sewer, natural gas for cooking and oil for heating. This convenient location provides easy access to major highways and public transportation, making it an ideal spot for those who wish to enjoy a peaceful coastal setting while remaining connected to the hustle and bustle of city life. Enjoy nearby amenities at the stretch of your hand: MBTA/buses/schools/restaurants/grocery/cafes/bakeries/parks/ponds/trails and more. Vacant & Ready! OH Today, Sat & Sun

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Steam

Features

Ceiling Fan(s), Floored Attic, Walk-Up Attic, Stone/Granite/Solid Counters, Pantry, Living Room, Dining Room, Kitchen
Flooring: Wood, Tile, Hardwood, Stone/Ceramic Tile
Windows: Insulated Windows
Basement: Full,Interior Entry,Bulkhead,Concrete
Has fireplace: No

Interior area

Total structure area: 1,972
Total interior livable area: 1,972 sqft
Finished area above ground: 1,972

Property

Parking

Total spaces: 7
Parking features: Paved Drive, Off Street, Deeded, Driveway
Garage spaces: 2
Uncovered spaces: 5

Features

Patio & porch: Porch
Exterior features: Rain Gutters, Garden
Fencing: Fenced/Enclosed
Waterfront features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 5,114 Square Feet
Features: Level

Details

Parcel number: M:097 B:454 L:005,1998318
Zoning: R1

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Up/Down

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1910

Utilities & green energy

Electric: 100 Amp Service
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, Highway Access, T-Station

Location

Region: Lynn

Financial & listing details

Price per square foot: $390/sqft
Tax assessed value: $632,933
Annual tax amount: $6,557
Date on market: 1/23/2026
Listing terms: Contract
Total actual rent: 4550
Road surface type: Paved

Price history

Date	Event	Price
5/27/2025	Sold	$770,000+7.7%$390/sqft
Source: MLS PIN #73358528 Report a problem
4/11/2025	Listed for sale	$714,900+46%$363/sqft
Source: MLS PIN #73358528 Report a problem
12/19/2022	Listing removed	--
Source: Zillow Rentals Report a problem
12/7/2022	Price change	$2,100-4.5%$1/sqft
Source: Zillow Rentals Report a problem
11/30/2022	Listed for rent	$2,200$1/sqft
Source: Zillow Rental Manager Report a problem
12/10/2019	Sold	$489,650+3.2%$248/sqft
Source: Public Record Report a problem
10/15/2019	Pending sale	$474,651$241/sqft
Source: Danvers Real Estate #72577686 Report a problem
10/9/2019	Listed for sale	$474,651$241/sqft
Source: Danvers Real Estate #72577686 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,557 +5.5%	$632,933 +7.3%
2024	$6,214 -0.1%	$590,100 +5.8%
2023	$6,221	$557,900
2022	$6,221 +7.9%	$557,900 +26%
2021	$5,768 +6.6%	$442,700 +9.6%
2020	$5,411 +2.7%	$403,800 +9.6%
2019	$5,267 +5.3%	$368,300 +11.6%
2018	$5,001 +4.9%	$330,100 +8.1%
2017	$4,766 +8.5%	$305,500 +12.5%
2016	$4,394 +7.4%	$271,600 +11.2%
2015	$4,092 +8.6%	$244,300 +11%
2014	$3,769 +5.5%	$220,000 +4.2%
2013	$3,574 +4%	$211,100 +0%
2012	$3,435 +8.4%	$211,000 +8%
2011	$3,168 +9.5%	$195,300 +4.8%
2010	$2,893 -5.4%	$186,300 -22.4%
2009	$3,058 -14.2%	$240,000 -26.1%
2008	$3,565 +7.8%	$324,700 +2.1%
2007	$3,308 +7.2%	$318,100 +2.4%
2006	$3,086 +9.1%	$310,500 +11.8%
2005	$2,828 -0.8%	$277,800 +11.4%
2004	$2,851 +6.5%	$249,400 +23%
2003	$2,678 +24.7%	$202,700 +55.3%
2001	$2,148 +24%	$130,500 +33.6%
1999	$1,732 -1%	$97,700 -6.4%
1995	$1,750	$104,400