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145 N Common St, Lynn, MA, 01905

6beds
1baths
3,938sqft
$1,150,000
$292price/sqft
$8,006/moest. monthly cost
$320,240/yrincome needed

About This Home

Rare opportunity to acquire all 6 condominium units at 145 N Common St in a single transaction—a turnkey income package for investors. All six 1-bed units are owned by one owner and offered together, with five units leased, one vacant, and producing income— ideal for an investor. Solid three-story building directly across from Lynn Common and bus stops. Each unit is individually deeded, giving an owner the flexibility to hold the package as a portfolio or sell units off over time. Unbeatable location—steps from Lynn Common, on the bus line, close to downtown Lynn and the commuter rail, and just over a mile to the ocean and Lynn/Nahant beaches. Cash or portfolio financing required (all six condos held under one ownership).

Getting Around

90
WalkingWalker's Paradise
45
TransitSome Transit
57
BikeBikeable

Schools

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Other
  • Roof: Rubber

Type & Style

  • Home type: MultiFamily
  • Property subType: 5-9 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 3,938

Interior Area

  • Total structure area: 3,938
  • Total interior livable area: 3,938 sqft

Property

Details

  • Zoning: B3

Features

  • Waterfront features: Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Lot

  • Lot size: 4,796 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 6
  • Parking features: Paved Drive,Shared Driveway,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,815$69,780
Home Insurance *$438$5,256
Property Taxes $977$11,724
Electricity $776$9,318
Total$8,006$96,072
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$274,491/yr
40% on housing$240,180/yr
45% on housing$213,493/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$292This listing

vs Other Active Listings

Avg $/sqft

ZIP 01905$306
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01905$439
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-23Price change$1,150,000
2026-06-16Listed for sale$1,200,000

For Sale by Agent

AgentMarc Fiore
BrokerageCameron Real Estate Group

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