423-427 Union St, Lynn, MA 01901

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
#1#2#3
423-427 Union St,Lynn, MA 01901
$495,000
  • - Beds
  • 4 Baths
  • 1,462 sq. ft.
  • Multi-family
  • Active
Listed by:chris mcnamara
Office:mcnamara realty, llc
MLS#:73395332
Source:MLSPIN

Price summary

  • Price:$495,000
  • Price per sq. ft.:$338.58

About this home

Great opportunity to own and invest in Downtown Lynn. Located one block away from Lynn Station commuter rail stop. Prime spot for an owner occupant with either an office or apartment upstairs, and income-producing commercial tenants downstairs. Currently two retail units on the first floor, and office spaces in need of repairs on the second. The property is in the "Central Business District" zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in photos are initial architectural mock-ups of a 5-story building made up of two commercial units on the first floor (or one larger unit), and five residential units above consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1913
  • Listing Id #:73395332
  • Updated:August 14, 2025 at 10:28 AM

Rooms and interior

  • Total bathrooms:4
  • Half bathrooms:4
  • Living area:1,462 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1913
  • Building area:1,462 sq. ft.
  • Lot area:0.02 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$495,000
  • Price per sq. ft.:$338.58
  • Tax amount:$3,021 (2025)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

New listings near 423-427 Union St