Active
61 Days on market
7 Ward St. Lynn — Photo 1 of 13

7 Ward St. Lynn — Photo 1 of 13

Recent Drop: $25,001

$925,000
$899,999

$899,999

7 Ward St., Lynn, MA 01902

Lynn, MA 01902

Beds

5

Baths

3

SqFt

2,141

Style

3 Family

Built

1900

Turnkey 3-family investment opportunity moments from the desirable East Lynn neighborhood. Completely gut-renovated in 2017 and meticulously maintained, this fully sprinklered property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit — each thoughtfully updated with modern kitchens and bathrooms, hardwood flooring, and open-concept living and dining layouts. Additional highlights include a generous backyard, off-street parking, and strong rental demand in a rapidly growing market. Ideally situated approximately 1.5 miles from the beautiful Kings Beach and just minutes from the MBTA Commuter Rail station in Lynn — with easy access to Swampscott and the broader North Shore corridor. For end users or investors seeking a truly turnkey asset with immediate income potential and long-term upside, this one checks every box.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$420/sqft
Local Avg (Lynn)$361/sqft
16% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$925,000
Annual Taxes$8,498

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood, Vinyl
BasementConcrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Brick/Mortar
ZoningR2

Property & Lot

Acres0.08
SqFt Lot3,515
Lot FeaturesCleared, Level

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Price Drop
$899,999

Was $925,000

Sep 11, 2026

MLS® 73549163

Listed
$925,000

Jul 14, 2026

MLS® 73549163

Terminated
$940,000

Jun 7, 2026

MLS® 73483241

Listed
$940,000

Mar 5, 2026

MLS® 73483241

Population

50,066

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

63.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Vincent Rizzo

Listing Office: Douglas Elliman Real Estate - The Sarkis Team

MLS® Number: 73549163

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