Active
110 Days on market
285 Lynn Shore Drive #305 Lynn — Photo 1 of 10

285 Lynn Shore Drive #305 Lynn — Photo 1 of 10

Recent Drop: $10,000

$169,900
$159,900

$159,900

Investment Analysis — 285 Lynn Shore Drive #305

Lynn, MA 01902

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01902 carries an estimated $2,160/mo in gross rent — about a 8.49% cap rate and $13,572/yr in estimated NOI at the $159,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

421

Style

Condominium

Built

1893

Looking for your next project? This oceanfront 1-room studio condominium in Lynn’s historic Breakers Building offers a rare opportunity to create your ideal coastal retreat. The unit already has new framing, electrical, and plumbing completed — leaving the finishing touches up to your vision. An open canvas ready to be transformed. The home also features a beautiful exposed brick wall, adding character and charm to the space.Property will require a cash purchase or hard money financing. Buyer to perform their own due diligence.

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$169,900
Annual Taxes$1,627
HOA Fee$375

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms3
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingHot Water
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
Zoningr2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Neighborhood

Public Transportation • Park • Bike Path • Conservation Area • House of Worship • Marina

Geography

Floorplan Breakdown

Structural Layout

Third
Living RoomPrimary BedroomBathroom 1
Living Room
Lvl Third
Primary Bedroom
Lvl Third
Bathroom 1
Lvl Third

Property History

Price Drop
$159,900

Was $169,900

Jul 23, 2026

MLS® 73527073

Listed
$169,900

May 30, 2026

MLS® 73527073

Listing Provided By

Listing Agent: Eugene L. Clements

Listing Office: Clements Realty Group

MLS® Number: 73527073