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Rare opportunity to own one of Lynn's larger three-family homes featuring three true 6-room apartments, each offering over 1,500 square feet with classic double parlors, high ceilings, hardwood floors, and spacious eat-in kitchens. A solid investment with long-term tenants averaging 19 years and an excellent history of on-time rent payments. Each unit offers separate gas heat, hot water, gas and electric utilities, its own washer and dryer hookups, and a private rear porch. Additional features include vinyl replacement windows, 7 unobstructed off-street parking spaces, and a basement with four additional rooms and a full bath. Located on a quiet dead-end street. Lead compliance certificates are available for all 3 units.

More Info

Basic Information

  • Gross Income $84,000
  • Mls StatusNew
  • Parcel Number M:054 B:207 L:013,1991425
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Heat, Electric, Gas, Water, Hot Water)

Tax Information

  • Tax Assessed Value $942,800
  • Tax Year 2025
  • Taxes$9,767

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces7

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms9
  • Full Bath4

Basic Information

  • List Price$1,150,000
  • MLS Number73552929
  • Modification Date07/29/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address16 Dowfield Terrace
  • Building Number16
  • CountyEssex
  • StateMA
  • StreetDowfield Terrace
  • TownLynn
  • Zip01904

Building

  • BasementFull, Partially Finished, Walk-Out Access, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationBlock, Stone, Other
  • Levels 4
  • Patio And Porch Features Porch, Deck
  • Rooms22
  • Stories4
  • Units3
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Interior

  • Flooring Wood, Tile, Vinyl
  • Interior Features Living Room, Dining Room, Kitchen, Laundry Room

Exterior

  • RoofRubber

Utilities

  • Electric Expense 600
  • Heat SystemYes
  • Heating Hot Water, Natural Gas, Steam
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,626
  • Lot Size Square Feet 5,057
  • Lot Size Units Acres
  • Square Feet4,626

Amenities

  • AmenitiesPublic Transportation, Shopping
  • Appliances IncludedRange, Disposal, Refrigerator
  • Other AmenitiesBasement

Water Body

  • Miles to Beach2
  • Waterfront Features Ocean,1 to 2 Mile To Beach

Other

  • Date Listed07/28/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by DalBon & Company of Keller Williams Realty Evolution

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