Off Market
423-427 Union St, Lynn, MA
Lynn · MA 01901
- $495,000
- Price
- 0
- Beds
- 2
- Baths
- 1462
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1913
Units:
4 Units
Lot size:
832 Sq.Ft Lot
Price per square foot:
$339 / Sq.Ft
Parking:
No Parking
About this home
Great opportunity to own and invest in Downtown Lynn. Located one block away from Lynn Station commuter rail stop. Prime spot for an owner occupant with either an office or apartment upstairs, and income-producing commercial tenants downstairs. Currently two retail units on the first floor, and office spaces in need of repairs on the second. The property is in the Central Business District zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in photos are initial architectural mock-ups of a 5-story building made up of two commercial units on the first floor (or one larger unit), and five residential units above consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.
Neighborhood & Transit
423-427 Union St, Lynn · MA 01901
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lynn Interim Commuter Rail 1 route 0.24 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 499 days
- Listing Price:
- $495,000
- Price per Sq.Ft:
- $339
- Tax Assessment:
- $152,100 in 2025
- Taxes:
- $252 / Monthly
Home Facts
Interior Features
- Bedrooms
- 0
- Full Bathrooms
- 0
- Half Bathrooms
- 4
- Living Area
- 1,462 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 1462
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 832 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Chris McNamara
- Listing office
- McNamara Realty, Inc.
- MLS PIN #
- 73395332
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