7 Ward St. Lynn — Photo 1 of 13
Recent Drop: $25,001
$899,999
Investment Analysis — 7 Ward St.
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 01902 carries an estimated $7,280/mo in gross rent — about a 6.43% cap rate and $57,896/yr in estimated NOI at the $899,999 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Property History
$899,999
Was $925,000
Sep 11, 2026
MLS® 73549163
$925,000
Jul 14, 2026
MLS® 73549163
$940,000
Jun 7, 2026
MLS® 73483241
$940,000
Mar 5, 2026
MLS® 73483241
Listing Agent: Vincent Rizzo
Listing Office: Douglas Elliman Real Estate - The Sarkis Team
MLS® Number: 73549163