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You are here:
$740,000
2 Unit
4 Beds
2 Baths
2294 SQFT
0.19 Acre
37 Lake Ave
Lynn, MA 01904

Property Description

VERY RARE opportunity to own a beautiful 2 family home located on Flax Pond w/ Pond Frontage. Beautifully situated on an 8,320 sq.ft. level lot., this 2,294 sq.ft. 2 family home features 2 driveways, separate heating, 2 gas meters & separate 100amp electric for both units. Each unit has its own separate access making this home ideal for owner occupying or an investor. 2nd floor unit has stunning Pond views, a walk-up 3rd floor, eat in modern kitchen, nice dynamic layout w/ multiple bedrooms & a rear water view deck. 1st floor has two bedrooms, kitchen / dining & a full bath. Superb location close to St. Pius School, Lynn Woods, shopping & just 10 minutes from the COMMUTER RAIL, Ferry & all major highways. Showings begin at the first open house on Saturday (1/18) from 11:30 PM to 1:00 PM & Sunday (1/19) from 11:30 PM to 1:00 PM. First Floor unit is occupied. Unit 2 is empty. Price point reflects needed work. Property being sold AS-IS. Don't miss out, this one will go fast.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Basement Features: Bulkhead, Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 25200
  • Net Operating Income: 25200

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, Other (See Remarks)
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: LWS

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73325860
  • Last Updated: 01/15/25

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
01/14/2025New$740,000$323MLSPIN

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Map & Resources

St. Pius V Elementary School

Private School, Grades: PK-8

0.1mi

Lynn English High School

Public Secondary School, Grades: 9-12

0.39mi

McDonald's

Burger (Fast Food)

0.46mi

Lynn Fire Department

Fire Station

0.41mi

Flax Pond Playground

Park

0.26mi

Keaney Park

Park

0.42mi

Floating Bridge Park

Municipal Park

0.46mi

Magnolia Avenue Playground

Municipal Park

0.46mi

Manning Field

Park

0.46mi

Western Ave opp Tracey Ave

424
450

0.15mi

Western Ave @ Tracy Ave

424
450

0.16mi

Western Ave @ Cross St

424
450

0.16mi

Western Ave @ West Colony Rd

424
450

0.17mi

Western Ave @ Chatham St

424
450

0.19mi

Western Ave @ Chatham St

424
450

0.19mi

Maple St @ Euclid Ave

435

0.21mi

Maple St @ Euclid Ave

435

0.22mi

Seller's Representative: Katie DiVirgilio, RE/MAX 360
MLS ID#: 73325860

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-01-15 03:30:00

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