22 Reed St, Lynn, MA 01905
$1,100,000 · For sale
- 3,239 sq ft
- Multi-Family
- Built 1920
- MLS #73596753
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!
About this address
22 Reed St is a multi-family home for sale in Lynn, MA 01905 with 3,239 square feet, asking $1,100,000. It was built in 1920. It has been on our site since October 29, 2026.
At $340 a square foot, it compares with a median of $301 among the 41 other multi-family homes for sale in Lynn with a stated size.
The whole property at this address is assessed at $838,100 for fiscal year 2026. The assessor lists a lot of 0.33 acres.
It scores 87 out of 100 for walkability, from how close everyday places are.
The closest train or subway stop is River Works (MBTA Newburyport/Rockport Line), about 0.8 miles away. The closest bus stop is Summer St @ Raddin Grove Ave (MBTA route 426), about 0.1 miles away.
The closest public schools by level are A Drewicz Elementary (0.6 miles), Breed Middle School (0.9 miles) and Classical High (0.6 miles). The district decides which school serves an address.
Listing information from MLS Property Information Network (MLS PIN), MLS #73596753, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.
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