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INVESTMENT SNAPSHOT
About this property
Welcome to this exceptional turnkey 3-family home in one of Lynn’s most desirable neighborhoods. Ideal for investors or owner-occupants, this well-maintained property offers strong income potential and modern convenience. Each of the three units features 2 spacious bedrooms and in-unit laundry, a highly sought-after amenity for today’s tenants. Thoughtfully maintained and move-in ready, this property provides a rare opportunity to own a versatile multi-family asset in one of the region’s fastest-growing communities. Conveniently located near Flax Pond and just 2 to 2.5 miles from Lynn Shore & Nahant Beach Reservation, offering easy access to beaches, parks, shopping, dining, public transportation, and major commuter routes. Whether you're expanding your portfolio or seeking a home with built-in rental income, this property is a must-see. Showings begin at the Open House.
Property details
| Units | 3 |
| Living area | 2,619 sqft |
| Lot size | 5,850 sqft |
| Year built | 1920 |
| Price / sqft | $363 |
| County | Essex |
| MLS # | 73527966 |
Listing status
| Days on market | 4 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $7,826 |
| Tax year | 2025 |
| Assessed value | $755,400 |
| Zoning | R1 |
| Gross income (actual) | $54,000/yr |
| Net operating income (actual) | $54,000/yr |
| Total actual rent | $4,500/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of High Quality Real Estate LLC — Ranjan Thapa. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 11 Fernwood Ave, Lynn MA 01904 have?
It is a 3-unit multi-family property with 2,619 sqft of living area, built in 1920.
How long was 11 Fernwood Ave, Lynn MA 01904 on the market before it sold?
11 Fernwood Ave, Lynn MA 01904 sold after about 72 days on the market (listed June 2, 2026, closed August 13, 2026).
What is the estimated cap rate on this 3-family in Lynn?
Based on area median rents, the estimated cap rate is about 5.4%, with a Signal Score of 90/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $975,000 across 3 units, that works out to roughly $325,000 per unit.
What are the property taxes on 11 Fernwood Ave, Lynn MA 01904?
Annual property taxes are $7,826 (2025), on an assessed value of $755,400.
What is the price per square foot?
At $975,000 for 2,619 sqft, that's about $363 per square foot.
Is there parking?
10 total parking spaces (paved drive, off street).
Where is this property located?
11 Fernwood Ave, Lynn MA 01904 is in Lynn, Essex County, MA 01904.
