60 Commercial St, Lynn, MA, 01905
About This Home
Well maintained 3-family property located at 60 Commercial Street in Lynn. Units 1 & 2 are vacant, offering immediate flexibility for owner occupants or investors, while Unit 3 is occupied by a tenant at will, providing instant rental income. All three units are deleaded & separately metered, and the property offers two off street parking spaces. The building has seen major system upgrades, including conversion from oil to gas heating in 2013, electrical upgrades in 2013, a new roof installed in 2013, and three gas water heaters replaced in 2023. Units feature spacious layouts with eat-in kitchens, hardwood flooring, and abundant natural light. This classic New England three-decker also offers front/back porches and strong curb appeal. An excellent opportunity for investors seeking strong rental potential or owner occupants looking to offset their mortgage while building long term equity. Conveniently located near public transportation, shopping, dining, and major routes.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone,Brick/Mortar
- Roof: Rubber
- Construction materials: Frame,Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Concrete,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood,Vinyl
- Finished area above ground: 3,528
Interior Area
- Total structure area: 3,528
- Total interior livable area: 3,528 sqft
Property
Details
- Parcel number: 2006296
- Zoning: R4
Features
- Patio & porch: Porch
Lot
- Lot size: 2,805 sqft
- Features: Easements
Parking
- Total spaces: 2
- Parking features: Paved Drive,Off Street
- Has uncovered spaces: Yes
- Uncovered spaces: 2
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
- Coastal Flooding
- Hurricane
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,890 | $70,680 |
| Home Insurance * | $444 | $5,328 |
| Property Taxes | $989 | $11,868 |
| Electricity | $695 | $8,348 |
| Total | $8,018 | $96,216 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-14 | Listed for sale | $1,165,000 |
| 2026-01-02 | Listing removed | $1,049,900 |
| 2025-12-17 | Listed for sale | $1,049,900 |
| 2013-07-31 | Sold | $230,000 |
| 2013-04-09 | Listing removed | $229,999 |
| 2013-04-03 | Listed for sale | $229,999 |
| 2004-07-08 | Sold | $450,000 |
| 2002-07-22 | Sold | $346,000 |
| 1992-10-19 | Sold | $63,000 |
| 1992-05-20 | Sold | $173,000 |
| 1987-09-01 | Sold | $174,000 |
View on Zillow