550 Eastern Ave
Lynn, MA 01902
6 bd 3 ba 2,386 sqft Built 1915 Lot 5,237 sqft multi_family
Most recent sale
$705,000
Feb 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 1, 2025 | Listing removed | $949,900 | MLSPIN |
| Feb 17, 2022 | Sold | $705,000 | MLS #72917475 |
| Nov 8, 2021 | Listed | $700,000 | MLS #72917475 |
| Jul 30, 1999 | Sold | $182,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $635,400 | $203,100 | $838,500 | $8,687 |
| 2024 | $628,200 | $193,400 | $821,600 | $8,651 |
| 2023 | $518,900 | $188,500 | $707,400 | $7,888 |
| 2022 | $465,100 | $157,200 | $622,300 | $7,735 |
| 2021 | $424,200 | $135,700 | $559,900 | $7,295 |
| 2020 | $390,600 | $128,200 | $518,800 | $6,952 |
| 2019 | $354,400 | $119,800 | $474,200 | $6,781 |
| 2018 | $301,900 | $116,700 | $418,600 | $6,342 |
| 2017 | $287,300 | $103,100 | $390,400 | $6,090 |
| 2016 | $257,200 | $91,200 | $348,400 | $5,637 |
| 2015 | $220,800 | $82,800 | $303,600 | $5,085 |
| 2014 | $198,900 | $77,500 | $276,400 | $4,735 |
| 2006 | $297,000 | $106,900 | $403,900 | $4,015 |
| 2005 | $291,700 | $88,400 | $380,100 | $3,869 |
| 2004 | $266,100 | $78,800 | $344,900 | $3,942 |
| 2003 | $204,600 | $74,300 | $278,900 | $3,684 |
Property facts
Year built
1915
Property type
multi_family
Stories
3
Beds
6
Baths
3
Living area
2,386 sqft
Lot size
5,237 sqft
ZIP code
01902
City
Lynn
Street
Eastern Ave
Coordinates
42.48210, -70.93798
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,919
Gross rental yield
11.78%
Implied cap rate
7.66%
Trend-extrapolated value
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Frequently asked questions
When did 550 Eastern Ave last sell?
550 Eastern Ave most recently sold on Feb 17, 2022 for $705,000.
What is the current tax assessment for 550 Eastern Ave?
The most recent total assessment for 550 Eastern Ave (year 2025) is $838,500 with $8,687 in property tax.
How does 550 Eastern Ave's assessment compare to its last sale price?
The current assessment is 18.9% above the last sale price of $705,000.
When was 550 Eastern Ave built?
550 Eastern Ave was built in 1915.
How does 550 Eastern Ave compare to others on Eastern Ave?
We track 8 other properties on Eastern Ave. Browse the list under "Other properties on Eastern Ave" to compare beds, baths, and sale history.
What are the property facts for 550 Eastern Ave?
550 Eastern Ave is a 6 bed, 3 bath, 2,386 sqft, 5,237 sqft lot multi_family.
Is 550 Eastern Ave a flip candidate?
No — 550 Eastern Ave does not appear in our flips dataset.
Is 550 Eastern Ave a tax-appeal candidate?
No — 550 Eastern Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-7.3%
Implied 1-yr
-29.1%
2026 Q1
$258.1K
2026 Q2
$222.5K
ZIP 01902 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Eastern Ave