2 Peirce Rd Lynn — Photo 1 of 42
Recent Drop: $124,900
$1,175,000
Investment Analysis — 2 Peirce Rd
Lynn, MA 01902 — Diamond District
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 $7,590/mo in gross rent — about a 4.92% cap rate and $57,757/yr in estimated NOI at the $1,175,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
3,064
Style
3 Family
Built
1920
NEW PRICE, NEW OPPORTUNITY in Lynn’s Diamond District! This LEGAL 3-family offers 3,064 sq ft of living space and a rare combination of coastal lifestyle, flexible living, and income potential. The impressive owner’s residence spans the 2nd and 3rd floors with 4 bedrooms, 2 renovated baths, a beautifully updated kitchen, soaring ceilings, hardwood floors, a 9x12 laundry room, and 2 private decks with ocean views. The 1st-floor residence features a renovated kitchen, 1 bedroom, 1.5 baths, high ceilings, period details, and a spacious front porch. The ground level offers a separate 2-room studio, providing additional flexibility and rental potential. A 1-car garage plus 5 off-street parking spaces adds even more value. Live in the expansive owner’s unit while rental income from the other two residences helps offset the cost of ownership. Just steps from Lynn Shore Drive Promenade, King’s Beach, Red Rock Park, and local restaurants, this is a unique opportunity to own a multi-family property near the ocean with space, income potential, and lifestyle all in one.
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • House of Worship • Marina • Public School
Geography
Property History
$1,175,000
Was $1,200,000
Sep 5, 2026
MLS® 73524847
$1,200,000
Was $1,299,900
Jul 19, 2026
MLS® 73524847
$1,299,900
May 27, 2026
MLS® 73524847
$1,199,999
Dec 15, 2025
MLS® 73336103
$1,199,999
Feb 18, 2025
MLS® 73336103
$1,329,900
Nov 1, 2024
MLS® 73280725
$1,329,900
Aug 22, 2024
MLS® 73280725
Listing Agent: Sean K Connelly
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73524847