550 Eastern Ave

2,386 Sq. Ft.
$295 / Sq. Ft.
2,386
Sq. Ft.
$295
per Sq. Ft.

Description

Great Investor opportunity or owner occupant looking to start investing in a multi 3 family located in the highly sought after East Lynn, Swampscott line. Easy major route accessibility and close proximity to Flax Pond, Target and Home Depot. Property offers great back yard space with shed, cabana and plenty of parking. Each unit has 2 bedrooms and 1 Bath with potential for an additional bedroom on units 1 & 2, eat in kitchen with dishwashers in units 1 & 2 hardwood floors throughout in good condition....Great Investor opportunity or owner occupant looking to start investing in a multi 3 family located in the highly sought after East Lynn, Swampscott line. Easy major route accessibility and close proximity to Flax Pond, Target and Home Depot. Property offers great back yard space with shed, cabana and plenty of parking. Each unit has 2 bedrooms and 1 Bath with potential for an additional bedroom on units 1 & 2, eat in kitchen with dishwashers in units 1 & 2 hardwood floors throughout in good condition. Vinyl windows and sidings front porches recently updated. With inventory being so low don't miss out on the chance to own this income producing property priced to sell.
  1. Listed by Hector Cocar • Cameron Real Estate Group - Salem
  2. Listed by Team King • Cameron Real Estate Group - Salem

Property Details for 550 Eastern Avenue

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6
LISTING UPDATED: 08/06/2022 07:50 AM

Property Details for 550 Eastern Avenue

StatusSold
MLS #72917475
Days on Market24
Taxes$7,295 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1915
CountyEssex County

Location

Listing Courtesy of Cameron Real Estate Group - Salem, Hector Cocar; Cameron Real Estate Group - Salem, Team King

Sold By Weichert REALTORS® Blueprint Brokers, Francis Santaniello

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Building Information for 550 Eastern Avenue

Stories6Residences3Year Built1915Building Size-Lot Size0.12 AC / 5,237 SF

Payment Calculator

$4,044 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,436

Property Taxes

$608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 550 Eastern Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Other (See Remarks)
  • Current Financing: Conv. Fixed
  • Living Area: 2386.0
  • Color: Yellow
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Oil Water Heater, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Basement Features: Full, Walk Out, Concrete Floor, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Carpet, Laminate
  • Window Features: Insulated Windows
Exterior Features
  • Construction: See Remarks
  • Exterior Features: Balcony
  • Exterior Features: Fenced Yard, Balcony, Porch
  • Fencing: Fenced
  • Lot Description: Other
  • Patio And Porch Features: Porch
  • Roof Material: Other
  • Waterfront Features: Beach Front, Other (See Remarks), 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:097 B:454 L:004,1998317
  • Assessments: $559,900
  • Book: 20211
  • Tax Year: 2021
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $50,400.00
  • NOI: $50,400.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 550 Eastern Avenue

DateEvent & SourcePriceAppreciation
Jul 31, 2025

Expired

MLS PIN #73356514

$949,900
May 28, 2025

Temporarily Withdrawn

MLS PIN #73356514

$949,900
Apr 8, 2025

Listed (Active)

MLS PIN #73356514

$949,900
Feb 17, 2022

Sold

MLS PIN #72917475

$705,000
Nov 15, 2021

Contingent

MLS PIN #72917475

Nov 7, 2021

Listed (Active)

MLS PIN #72917475

$700,000
Feb 24, 2003

Sold (Public Record)

Public Record #326433182

$1

-96.6% / yr

Jul 30, 1999

Sold (Public Record)

Public Record #87141674

$182,000
Jul 30, 1999

Sold

MLS PIN #30317095

$182,000
May 24, 1999

Contingent

MLS PIN #30317095

May 4, 1999

Listed (Active)

MLS PIN #30317095

$189,900
DateEvent & SourcePrice
07/31/2025

Expired

MLS PIN #73356514

$949,900
05/28/2025

Temporarily Withdrawn

MLS PIN #73356514

$949,900
04/08/2025

Listed (Active)

MLS PIN #73356514

$949,900
02/17/2022

Sold

MLS PIN #72917475

$705,000
11/15/2021

Contingent

MLS PIN #72917475

11/07/2021

Listed (Active)

MLS PIN #72917475

$700,000
02/24/2003

Sold (Public Record)

Public Record #326433182

$1

-96.6% / yr

07/30/1999

Sold (Public Record)

Public Record #87141674

$182,000
07/30/1999

Sold

MLS PIN #30317095

$182,000
05/24/1999

Contingent

MLS PIN #30317095

05/04/1999

Listed (Active)

MLS PIN #30317095

$189,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Eastern Avenue

Taxable ValueLand$203,100Additions$635,400Total$838,500
Tax Record2025$8,687 ($724 / month)
Home Facts
Baths3Total Finished SqFt2,386 SqFtAbove Grade Finished SqFt2,386 SqFtUnfinished Basement SqFt942 SqFtStories3Lot Size5,236 SqFtStyleTriplexYear Built1915Year Renovated1966ZoningR1CountyESSEXAPNLYNN M:097 B:454 L:004

Schools near 550 Eastern Avenue

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Hood Elementary School
PublicPK to 5

William R Fallon Elementary School
Public1 to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Cameron Real Estate Group - Salem, Hector Cocar; Cameron Real Estate Group - Salem, Team King

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.