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423 427 Union St

Lynn, MA 01901

– beds
4 baths
1,462 sqft
832 sqft lot
$338 per sqft
1913 build
– on site

Great opportunity to own and invest in Downtown Lynn. Located one block away from Lynn Station commuter rail stop. Prime spot for an owner occupant with either an office or apartment upstairs, and income-producing commercial tenants downstairs. Currently two retail units on the first floor, and office spaces in need of repairs on the second. The property is in the "Central Business District" zoning area, which is intended to support mixed-use development. Allows up to 10 stories by right, with opportunity for residential units atop ground-level commercial. Especially with close proximity to transit, an investment offers potential for maximum density and income, with a more streamlined approval process. Included in photos are initial architectural mock-ups of a 5-story building made up of two commercial units on the first floor (or one larger unit), and five residential units above consisting of three 2-BR apartments and two studios. These are not approved plans, just drawings.

Listing courtesy of MLSPIN / Chris McNamara / McNamara Realty, Inc.

Last checked: Checking… • Last updated Jun 27, 2025 •

MLS# 73395332 —

The Building

Year Built:

1913
Year Built Details:

Actual
Year Built Source:

Public Records
Construction Materials:

Brick
# of Units Total:

4
Roof:

Rubber
Foundation Details:

Other
Levels:

4
Stories:

4
Stories Total:

4
Basement:

Unfinished
Building Area Total:

1462
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

8
Fireplace:

false

Room Dimensions

Living Area:

1462
Living Area Source:

Public Record

Location

Directions:

Downtown Lynn, on Union St between Washington St & Central Sq
Longitude:

-70.944243
Latitude:

42.463323

The Property

Property Type:

Residential Income
Property Subtype:

3 Family
Parcel Number:

2003407
Zoning:

CBD
Lot Size Units:

Acres
Lot Features:

Other
Lot Size Area:

0.02
Lot Size SqFt:

832
Lot Size Acres:

0.02
Waterfront:

false
Waterfront Features:

Bay
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Book Number:

38990
Tax Annual Amount:

3021
Tax Assessed Value:

152100

Baths

Total Baths:

2
Total Baths:

4
Half Baths:

4

The Listing

Home Warranty:

false

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Community Features:

Public Transportation
Spa:

false
Senior Community:

false

Parking

Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/23/25 Jun 23, 2025	Listed / Active	MLSPIN	$495,000

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This multifamily located in Downtown Lynn, Lynn, MA 01901 is currently for sale for $495,000. 423 427 Union St is a 1,462 square foot multifamily with – beds and 4 baths that has been on Estately for 11 days. 423 427 Union St is in the Downtown Lynn neighborhood of Lynn and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Lynn English High School, Harrington Elementary School, William R Fallon School, Marshall Middle School, and Fecteau-Leary Junior-Senior High School.

Listing Courtesy of: MLSPIN and McNamara Realty, Inc..

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.