Multi-Family Homes for Sale in Lynn, MA

Lynn is one of the best places on the North Shore to buy a multi-family home. The city has a large supply of two- and three-family houses, and prices are often lower than in towns closer to Boston. For many buyers, a Lynn multi-family is a way to own a home and earn rental income from the same property.

What You Get With a Lynn Multi-Family

Most multi-family homes in Lynn were built between the late 1800s and the 1930s. Many are classic up-and-down two- and three-family homes, with one full unit on each floor. These layouts give each unit its own living space, and many have front porches, separate utilities, and off-street parking. You'll also find a smaller number of side-by-side two-families, a few newer two-families, and larger apartment buildings for experienced investors.

Where to Find Them

Multi-family homes are spread across Lynn, but you'll see the most of them near downtown, in the Highlands, and in East Lynn, mainly in the 01902 zip code. West Lynn, near the Saugus line, has more two- and three-family homes on quieter residential streets. The Diamond District, near the shore, also has some large older homes that have been converted into multiple units.

Typical Prices

Recent listings give a good sense of the market. Two-family homes listed from about $550,000 to $1.2 million, with the highest prices for new construction. Three-family homes mostly listed from about $850,000 to $1.2 million. Buildings with four to six units listed from about $1.3 million to $1.8 million, and larger apartment buildings sold as investment properties listed for several million dollars.

Why Buyers Choose Lynn for Multi-Family

Buyers who live in one unit can use rent from the other units to help pay the mortgage, which can make owning a home more affordable. Owner-occupants buying a two- to four-unit home may also qualify for low down payment loan programs. Renters are drawn to Lynn for its beaches, Lynn Woods, and commuter rail service into Boston, which helps keep demand for rental units steady.

Frequently Asked Questions

How much does a two-family home cost in Lynn, MA?
Recent two-family listings ranged from about $550,000 to $1.2 million. Condition, location, and parking all affect the price.

Can I live in one unit and rent out the others?
Yes. This is one of the most common ways buyers use a Lynn multi-family. Living in the home may also help you qualify for owner-occupant loan programs.

Which parts of Lynn have the most multi-family homes?
You'll find the most near downtown, in the Highlands, and in East Lynn, with more in West Lynn and the Diamond District.

Are Lynn multi-family homes mostly older?
Yes. Most were built before 1940, so a home inspection and a close look at the heating, electrical, and roof are important. A few newer two-families are available too.

Start Your Lynn Multi-Family Search

Whether you're buying your first two-family or adding to a rental portfolio, Fawaad Qamar can help you compare properties and rents in Lynn. Call or text (774) 225-8916 or email fawaadq@gmail.com to schedule a showing.

Multi-Family Homes for Sale in Lynn, MA

19 Waverly St, Lynn
$824,999
6 Beds ⋅ 3 Baths ⋅ 73599466 MLS
Step into a piece of history at 19 Waverly St, Lynn, Massachusetts. Constructed in 1860, this multi-family property offers 2,306 square feet of living space across three expansive stories, blending classic architectural heritage with the functional versatility required for modern living. The interior layout encompasses four bedrooms, providing ample space for residents to personalize their private quarters. Each room reflects the character of a property with over 160 years of presence, offering a distinctive canvas for your vision of home. Complementing the living quarters are three full bathrooms, conveniently distributed across the three levels to support the daily routines of a multi-family lifestyle. These facilities ensure that the home remains as practical as it is historically significant. Set on a 3,302-square-foot lot, the property maximizes its footprint to provide a balanced integration of interior living area and exterior space. Whether you are looking to invest or reside, the thoughtful configuration of these three stories offers a unique opportunity to own a landmark structure in a well-established location. Contact us today to schedule your private tour and experience the potential of this historic property firsthand.

19 Waverly St, Lynn

Listing courtesy of Listing Agent: Rosa Feliz from Listing Office: Re-yes Real Estate.
171 Chatham St, Lynn
$699,900
6 Beds ⋅ 2 Baths ⋅ 73599116 MLS
Don’t miss this excellent opportunity to own a well-maintained 6-bedroom two-family property in Lynn at a great price! Featuring separate utilities, a maintenance-free exterior, and deleaded units with certificates, this property is an ideal opportunity for investors, owner-occupants, or extended families. The updated 2-bedroom unit offers newer appliances and cabinets and an updated bathroom, while the spacious 4-bedroom townhouse-style unit spans two floors and features a Large Living room with plenty of space to spread out. Set back off the main road, this low-maintenance property offers a strong rental history and will be delivered vacant, providing flexibility for its next owner. Conveniently located near schools, shopping, restaurants, and public transportation, this two-family home is a fantastic opportunity to add to your investment portfolio or owner-occupy while generating rental income.

171 Chatham St, Lynn

Listing courtesy of Listing Agent: Sean Connolly from Listing Office: RE/MAX 360.
44 Birch Street, Lynn
$725,000
2 Beds ⋅ 2 Baths ⋅ 73598857 MLS
Great opportunity to own a two-family home in East Lynn! Perfect for investors or buyers looking for future owner-occupancy, this property offers 2 units with a total of 4 bedrooms, 2 full bathrooms, and 1,736 sq. ft. of living space. Features include hardwood floors, natural gas heating, off-street parking, a fenced yard, and a full walk-out basement with additional storage. Conveniently located near Lynn Beach, shopping, dining, and major commuter routes. Don't miss this opportunity to add a multifamily property to your portfolio! Currently tenant-occupied. 48-hour advance notice required for showings.

44 Birch Street, Lynn

Listing courtesy of Listing Agent: Andrea Perez from Listing Office: Carlton's Wharf & Co..
37 Estes St, Lynn
$1,175,000
8 Beds ⋅ 3 Baths ⋅ 73597427 MLS
Beautiful and Spacious Two-Family Home – 37 Estes Street, Lynn, MAExcellent opportunity to own a spacious and well-maintained two-family home in a desirable Lynn location, just minutes from the beach! This property offers generous living space across three floors, making it an excellent choice for both owner-occupants and investors seeking rental income.The first-floor apartment features 3 spacious bedrooms, comfortable living areas, and a functional layout. The second unit occupies the second and third floors, offering a beautiful townhouse-style layout with 5 generously sized bedrooms, including a spacious primary bedroom with a large closet. This unit also features a kitchen with a pantry, a balcony, and a large porch off the living room.The property offers several valuable updates, including a new heating boiler for the second-floor unit, new hot water heaters, and a deleading certificate for the second- and third-floor unit. Additional features include a two-car garage with parking for two vehicles, driveway parking, and convenient access to nearby beaches, shopping, restaurants, and public transportation.With a total of 8 bedrooms across two separate units, this property provides exceptional space, flexibility, and strong rental income potential. Whether you're looking for a multi-generational home, an owner-occupied investment, or an income-producing property, this two-family home is a fantastic opportunity in Lynn!A must-see property with generous living space, a two-car garage, important mechanical updates, and a convenient location near the beach!

37 Estes St, Lynn

Listing courtesy of Listing Agent: Adriana Al Mayahi from Listing Office: Executive Real Estate.
140 S Common St, Lynn
$1,050,000
9 Beds ⋅ 3 Baths ⋅ 73596814 MLS
Welcome to 140 S Common St. Beautifully Renovated (2026), Don’t miss this prime opportunity to own a 3-family property in Lynn, MA. Perfect for an Owner Occupied or Investor! Featuring: 3 New Kitchens with backsplash, Quartz Countertops and freshly painted. Unit 1 & 2 with New Kitchen Island, Stainless Appliances: Range, Dishwasher, Microwave, Refrigerator, Unit 3: Stainless Appliances: Range, Microwave, Refrigerator. All units: New Bathrooms, New Windows, New Doors, New Recess Light, New Plumbing, New baseboard, New Deck, New Gas line, New & Refinished Hardwood floors. New Roof, New Vinyl Siding, New Chimney, New wood stairs installed (front & rear), New lily Columns, New bulkhead, 3 Newer Gas Heating Systems (2005), 3 New Gas H/W Heaters (2023, 2024, 2025), Storage spaces and 3 Parking Space. Easy access to Route 1, 128, 107, Logan Airport, shopping, hospitals, and the MBTA commuter rail. Within distance to bus line/station, CVS, Market Basket, Supreme Store, Price Rite, Banks, City Hall & Library, other various stores and shops. Won't last, Your Search is Over! Come On Down!! ** OPEN HOUSE Friday Nov 06, 2026, 3:30-5:00pm, Saturday Nov 07, 2026,3:30 pm-5:00pm., Sunday Nov 08, 2026, @12:00 pm-2:00pm ** Unit 1 & 2 Lease expire 06/2027. Unit 3 (Vacant).

140 S Common St, Lynn

Listing courtesy of Listing Agent: Ola Oladoja from Listing Office: Citipoint Realty Services, LLC.
22 Reed St, Lynn
$1,100,000
6 Beds ⋅ 3 Baths ⋅ 73596753 MLS
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. Property to be conveyed vacant. 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!

22 Reed St, Lynn

Listing courtesy of Listing Agent: Dawn Aiello from Listing Office: eXp Realty LLC - Corporate Office.
147-149 Tracy Ave, Lynn
$1,099,000
6 Beds ⋅ 3 Baths ⋅ 73596141 MLS
Excellent Three-Family Investment Opportunity in Lynn! Welcome to 147–149 Tracy Ave, a spacious multifamily property offering approximately 3,162 sq. ft. of living space with three residential units. Each apartment features generous living areas, hardwood flooring, two bedrooms, and one full bathroom. Additional highlights include separately metered utilities, private outdoor deck space, ample off-street parking, and a two-car garage. Conveniently situated on a residential street near schools, shopping, public transportation, and everyday amenities. Whether you’re looking to expand your investment portfolio or enjoy the benefits of owner-occupied multifamily living, this property offers flexibility, convenience, and excellent income potential. Don’t miss this opportunity!

147-149 Tracy Ave, Lynn

Listing courtesy of Listing Agent: Demostenes Nunez from Listing Office: Tremont Realty Group, LLC.
93 Chestnut St, Lynn
$839,900
8 Beds ⋅ 3 Baths ⋅ 73594540 MLS
Large 3 family home perfect for owner occupied and investors. All units have large eat in kitchens. Full sized bedrooms and spacious units. 1st and 2nd floor units have 3 bedrooms each. Top unit is a large 2 bedroom. Off street parking. This home will be delivered vacant. Run the numbers this house works for all buyers. Seller willing to buy down the mortgage rate of this home. One-Year American Home Shield Warranty included. PLEASE SET UP APPTS THRU SHOWINGTIME.

93 Chestnut St, Lynn

Listing courtesy of Listing Agent: Bob DeVito from Listing Office: Cameron Real Estate Group.
48 Breed St, Lynn
$769,986
5 Beds ⋅ 3 Baths ⋅ 73594010 MLS
Exceptional and spacious two-family home ideally located in Lynn’s highly desirable Diamond District! Fully vacant! Offering an impressive 14 Rooms /5 Bedrooms/ 3 Full Baths, this property combines generous living space with excellent parking and outdoor amenities. The property features a massive side by side driveway accommodating up to 10 cars, an oversized two-car garage, and an additional shed. The first floor unit offers a private entrance, high ceilings, three generously sized bedrooms, huge living room, a modern kitchen, separate large dining room and a full bath. The second floor unit features two bedrooms, including a spacious primary suite with an en-suite bath featuring an enclosed Jacuzzi/steam shower, huge living room, kitchen and another full bathroom. The walk-up attic provides excellent potential for two additional rooms or flexible living space. Additional highlights include updated roofing, beautifully polished hardwood floors throughout, fresh interior paint, modern kitchens and bathrooms, and a large second-floor deck with some ocean views. The clean, spacious basement provides ample storage while the backyard offers additional outdoor space. Conveniently located near the beach, commuter rail, MBTA bus routes, shopping, dining, and other area amenities. A rare opportunity to own a substantial two-family property with excellent space, parking, updates, and expansion potential in one of Lynn’s sought-after neighborhoods!

48 Breed St, Lynn

Listing courtesy of Listing Agent: Matt Tasgin from Listing Office: United Brokers.
11 Hutchinson Ct, Lynn
$999,990
9 Beds ⋅ 3 Baths ⋅ 73593455 MLS
Solid Three-Family Home-Excellent Owner-Occupant or Investment Opportunity! Updated triple-decker offering three spacious apartments, each featuring five rooms, including three bedrooms, a living room, a large updated eat-in kitchen, and a full bathroom. Additional highlights include hardwood floors, high ceilings, and gas heat throughout. Units 2 and 3 offer stainless steel appliances. Hardwood flooring and tile add to the appeal of these generously sized living spaces. The property features separate utilities, with each unit equipped with its own hot water tank. A clean, spacious basement provides washer and dryer hookups, and an off-street parking space is available in the paved driveway. Unit 2 will be delivered vacant, making this an excellent opportunity for an owner-occupant looking to offset their mortgage with rental income or an investor seeking to expand their portfolio. A solid three-family property with spacious units and desirable features—don't miss this opportunity!

11 Hutchinson Ct, Lynn

Listing courtesy of Listing Agent: Laura Gunn from Listing Office: Toner Real Estate, LLC.
382 Eastern Ave, Lynn
$809,000
4 Beds ⋅ 2 Baths ⋅ 73590387 MLS
*Ask about 1st time homebuyer programs with grants up to $50,000, $500 down payment options, and interest rates in the 5s* BOTH UNITS DELIVERED VACANT! Owned and lovingly cared for by the same family for over 20 years, this well-maintained two-family at 382 Eastern Avenue offers an excellent opportunity for owner-occupants, investors, or buyers seeking space for extended family. Move into one unit and rent the other, or choose your own tenants for both units. Each unit features its own private front entrance and currently offers 2 bedrooms, with flexible layouts and the potential to be used as 3 bedrooms per unit. Separate utilities, gas heating, and a separate common-area electric panel add convenience for owners and tenants alike. Ample parking includes 2 garage spaces plus 6 or more additional off-street spaces. Major updates include a roof replacement in 2016, a newer gas combination boiler for Unit 2 installed in 2022, new hot water heater for Unit 1, and insulation improvements completed through Mass Save in 2026. Conveniently located near the Swampscott and Salem lines, the property offers access to nearby beaches, shopping, dining, and public transportation, including major bus routes (455,450,436) and the Swampscott Commuter Rail station less than 1 mile away. Enjoy the convenience of North Shore living with connections to Boston. With both units vacant at closing, generous parking, and flexible layouts, this property is ready for its next chapter!

382 Eastern Ave, Lynn

Listing courtesy of Listing Agent: Johnny Long from Listing Office: PRIVI Realty LLC.
5 Forest Hill Ave, Lynn
$819,900
6 Beds ⋅ 2 Baths ⋅ 73587775 MLS
Space, style, and rental income come together at this two-family property in Lynn’s Pine Hill neighborhood. Each unit offers three bedrooms and one bathroom, with Unit 1 to be delivered vacant and Unit 2 currently occupied at $3,000 per month an appealing opportunity for an owner-occupant seeking income to help offset expenses or an investor expanding their portfolio. Both units have lead paint treated certificates. Unit 1 features bright, connected living and dining areas with hardwood floors, recessed lighting, and large windows that welcome natural light. The kitchen offers white cabinetry, a tile backsplash, and a stainless steel gas range. A standout bathroom pairs a wood-tone vanity with a glass-enclosed tiled shower, rainfall shower-head, and contemporary black fixtures. A covered front porch and classic bay-window architecture add character to the exterior. With an established tenancy in Unit 2 and the flexibility to occupy or rent the vacant first unit, 5 Forest Hill Avenue offers a compelling combination of comfortable living and income potential.

5 Forest Hill Ave, Lynn

Listing courtesy of Listing Agent: Edwin Romero from Listing Office: eXp Realty LLC.
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