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16 Hanover St

Lynn, MA 01902
$915,000
8 Beds
3 Baths
3,678 Living Area
  • Property Description
    Welcome to this spacious 2-family home featuring an additional studio with a full bath, perfect for generating extra income or hosting guests. The first floor offers 2 bedrooms and 1 bath, while the second floor includes 5 bedrooms, one of which is designed as an office space, and 1 bath, equipped with modern amenities, including separate utilities for each unit. Both water heaters were installed in 2021, a water filtration system installed in 2018 services the entire property. Additionally, a brand-new heating system was installed in 2023. The roof is approximately 12 years old, ensuring durability and reliability. The basement provides ample space with sufficient height to stand around comfortably. The yard is expansive ready for your creative touch. The attached studio, currently operating as a licensed daycare center, presents a unique opportunity to run a small business from home. Conveniently located, this home combines comfort and practicality with the potential for monetization
  • Highlights
    • Heating: Electric, Natural Gas
    • Property Class: Residential Income
    • Total Rooms: 14
    • Status: Closed
    • Parking Spots: 5
    • Property Type: 2 Family - 2 Units Up/Down
    • Year Built: 1880
  • Additional Details
    • Basement: Full, Interior Entry, Unfinished
    • Flooring: Wood, Tile
    • Roof: Shingle
    • Year Built Details: Actual
    • Zoning: R5
    • Fireplaces: 1
    • Foundation: Stone, Irregular
    • Total Number of Units: 2
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
    • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
    • Parking Features: Paved Drive, Paved
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $824,100
    • Compensation Based On: Gross/Full Sale Price
    • Taxes: $8,678
    • Buyer Agent Compensation: 2%
    • Tax Year: 2024
    • Total Rent: $1,900

Location

16 Hanover St, Lynn, MA 01902

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Nina-Soto Realty, LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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