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INVESTMENT SNAPSHOT
About this property
Rare shovel-ready 8-unit development opportunity in one of Lynn’s hottest and fastest-appreciating markets. Fully approved with foundation work already underway, this project offers a major head start for developers looking to move quickly and capitalize on strong demand. Plans feature an ideal unit mix with four modern single-level residences and four oversized duplex units, including 1, 2, 3, and 4-bedroom layouts designed to maximize rental income and resale potential. All permits and approvals are secured for immediate continuation of construction. Exceptional opportunity for investors, builders, or condo developers seeking strong cash flow, high resale margins, and long-term appreciation in a rapidly transforming location. Turnkey development opportunities with approvals already in place are increasingly rare in today’s market.
Property details
| Units | 8 |
| Living area | 12,612 sqft |
| Lot size | 6,983 sqft |
| Year built | 1830 |
| Price / sqft | $67 |
| County | Essex |
| MLS # | 73528485 |
Listing status
| Days on market | 6 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $3,729 |
| Tax year | 2016 |
| Assessed value | $230,500 |
| Zoning | BD |
| Total actual rent | $0/mo |
Building & lot
| Stories | 6 |
| Total rooms | 22 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 16 |
| Parking | Paved Drive |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of MLS PIN (agent TM340461, office AN4345). Agent & office names will be resolved via the MLS Member/Office feeds for the public release.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 82 Fayette St, Lynn MA 01902 have?
It is a 8-unit multi-family property with 12,612 sqft of living area, built in 1830.
How long has 82 Fayette St, Lynn MA 01902 been on the market?
82 Fayette St, Lynn MA 01902 has been listed for 6 days (since June 2, 2026).
What is the estimated cap rate on this 8-family in Lynn?
Based on area median rents, the estimated cap rate is about 16.9%, with a deal score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $850,000 across 8 units, that works out to roughly $106,250 per unit.
What are the property taxes on 82 Fayette St, Lynn MA 01902?
Annual property taxes are $3,729 (2016), on an assessed value of $230,500.
What is the price per square foot?
At $850,000 for 12,612 sqft, that's about $67 per square foot.
Is there parking?
16 total parking spaces (paved drive).
Where is this property located?
82 Fayette St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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