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Exceptional WATERFRONT investment opportunity in Lynn! This triple-decker, set on a DOUBLE SIZED LOT offers three spacious levels of living, each with 2 bedrooms, 1 full bath and their own private decks, creating an appealing blend of traditional New England character and functional multi-family living. Outside, the property truly distinguishes itself. The oversized lot offers an abundance of room for outdoor enjoyment, while a detached two-car garage and additional off-street parking spaces provide a level of parking rarely found with multi-family properties. A full basement adds valuable storage and utility space. Whether you're an investor seeking a substantial income-producing asset or an owner-occupant looking to offset housing costs with rental income, this property offers an impressive foundation and considerable potential. Conveniently located in Lynn's Austin Square neighborhood, with easy access to local shops, restaurants, parks, schools, public transportation, and the amenities of the North Shore and Greater Boston, a property of this size and lot profile is a compelling opportunity to own a truly substantial multi-family asset in Lynn. Buyer and buyer's agent to perform their own due diligence regarding zoning, permitted uses, rental history, and all property information. Showings begin Saturday, October 31!

More Info

Basic Information

  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0020 B:0310 L:0016,1994426

Tax Information

  • Tax Assessed Value $891,500
  • Tax Year 2026
  • Taxes$9,182

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces8

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$1,100,000
  • MLS Number73596753
  • Modification Date10/30/2026
  • Property SubType3 Family - 3 Units Up/Down
  • Virtual TourView Tour

Location

  • Address22 Reed Street
  • Building Number22
  • CountyEssex
  • StateMA
  • StreetReed Street
  • TownLynn
  • Zip01905

Building

  • BasementFull, Interior Entry, Concrete, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone, Brick/Mortar
  • Garage Spaces2
  • Levels 3
  • Rooms15
  • Stories3
  • Units3
  • Utilities For Gas Range, Washer Hookup
  • Year Built1920
  • Year Built Details Unknown/Mixed
  • Year Built Source Public Records

Property

  • Acreage0.33

Interior

  • Flooring Wood, Tile, Carpet

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,239
  • Lot Size Square Feet 14,283
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet3,239

Amenities

  • Other AmenitiesBasement, Waterfront, Water View

Water Body

  • WaterfrontYes
  • Waterfront Features Waterfront, River

Other

  • Date Listed10/29/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Dawn Aiello of eXp Realty LLC - Corporate Office

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