Movoto Real Estate
Sold on 04/14/2023

16 Trinity Ave, Lynn, MA 01902

$1,165,000

Last sold 04/14/2023 for $1.02M

  • 12

    bed

  • 3

    bath

  • 4,710

    Sqft ($218/Sqft)

Multi-family not for sale

About 16 Trinity Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,230 Sqft
Movoto estimate
Property description
16 Trinity Ave (the "Property") is a HUGE three story building containing (3), 4-Bedroom/1-Bathroom units with 4,710 square feet of living area in 6,776 total SF on a 0.166-acre parcel of land with ample on-site parking. Two of the three residential units in the large multi-family building were recently renovated (one within the last several months). The top floor’s renovations included condominium quality finishes throughout. In-place leases are below market rates; the opportunity exists to upgrade the unrenovated unit interiors and unfinished attic space to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 16 Trinity Avenue is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities
Listed by
Listing Agent - Stephen Girolamo
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#73097942 • last updated 3 years ago
Movoto checked MLS Property Information Network, Inc. for data 14 minutes ago
Overview
Levels/Style 6
MLS # 73097942
Type Residential Income
Status Closed
SubType 3 Family - 3 Units Up/Down
SqFt 4710
Lot Size (SqFt) 7230
Lot Size (Acres) 0.16
Annual Property Tax 9690
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 12
Total # of Rooms 18
Appliances Gas Water Heater
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
Parking Desc Off Street
# Parking Spaces 6
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Electricity Individually Metered
Water Source Public
Location
County Essex
Community Features Public Transportation, Highway Access, T-Station
Zoning R1
APN 1999970
Directions Take Essex St To Chatham St, Right On To Trinity
Multifamily Details
Net Operating Income 72051
Operating Expense 25149
Total Actual Rent 7900
Gross Income 97200
Lot/ Land Details
Road Frontage Public
$1.16M
Range: $908K-$1.42M
Last 30 days 
  • May 2023
    mls logo MLS # 73097942
  • May 31, 2023 Sold
    $1,025,000
  • Apr 12, 2023 Listed
    $1,025,000 (+177.0%)
  • Oct 2007
    mls logo MLS # 70597819
  • Oct 21, 2007 Sold
    $370,000
  • Jun 14, 2007 Listed
    $350,000 (-24.7%)
  • Oct 2007
    Public Records
  • Oct 19, 2007 Sold
    $370,000 (+5.7%)
  • Aug 2005
    Public Records
  • Aug 16, 2005 Sold
    $465,000
  • Year Property taxes Tax assessment
  • 2025
    $10,289 +0.5%
    $993,100 +2.12%
  • 2024
    $10,240 +5.7%
    $972,500 +11.9%
  • 2023
    $9,690 +1.5%
    $869,100 +13.11%
  • 2022
    $9,551 +4.3%
    $768,400 +9.37%
  • 2021
    $9,155 +5.8%
    $702,600 +8.83%
  • 2020
    $8,651 +4.9%
    $645,600 +11.93%
  • 2019
    $8,248 +10.1%
    $576,800 +16.67%
  • 2018
    $7,490 +3.2%
    $494,400 +6.28%
  • 2017
    $7,257 +9.3%
    $465,200
  • 2016
    $6,639
    —
  • 16 Trinity Ave
    $1.02M
  • Fayette Street
    $499K +25% y/y
  • 01902
    $479K +36% y/y
  • Lynn
    $570K +14% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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