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    15 Morris St Lynn, MA 01905

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    For Sale
    $990,000

    Three-family property with development potential on a double lot.

    Lot size:
    0.16 Acres

    Property Features for 15 Morris St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1925

    Source: North Shore Realty Advisors Agent Michael McCarthy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oversized Three-Family on Double Lot

    This oversized three-family property features two units with two bedrooms and two bathrooms each, and one unit with two bedrooms and one bathroom. Each unit has separately metered utilities. Located on a quiet, tree-lined street, the property is situated on a double lot, presenting a potential opportunity to build an Accessory Dwelling Unit (ADU) in the back, utilizing the curb cut from Court Street, which is currently fenced with a door. The units feature layouts, and two of the units have renovated kitchens and bathrooms. A large back deck overlooks the backyard. There are six parking spots available in the driveway. The common area has new flooring, freshly painted walls, railings, and stairs. Laundry facilities are located in the basement.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.971846
    Latitude
    42.4590292

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    FAQs

    What type of property is this?
    Triplex - Three-family property with development potential on a double lot.
    Where is this triplex located?
    The property is located at 15 Morris St Lynn, MA.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Oversized 3-family property with separately metered utilities, ideal for investment or owner-occupancy.; - Double lot with potential to build an ADU (Accessory Dwelling Unit) using existing curb cut.; - Two units feature renovated kitchens and bathrooms.
    (781) 883-8518
    Request Owner's contact information
    15 Morris St Lynn, MA 01905
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    Lynn, MA 01905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Morris St Lynn, MA 01905
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