NEW PRICE, NEW OPPORTUNITY in Lynn’s Diamond District! This LEGAL 3-family offers 3,064 sq ft of living space and a rare combination of coastal lifestyle, flexible living, and income potential. The impressive owner’s residence spans the 2nd and 3rd floors with 4 bedrooms, 2 renovated baths, a beautifully updated kitchen, soaring ceilings, hardwood floors, a 9x12 laundry room, and 2 private decks with ocean views. The 1st-floor residence features a renovated kitchen, 1 bedroom, 1.5 baths, high ceilings, period details, and a spacious front porch. The ground level offers a separate 2-room studio, providing additional flexibility and rental potential. A 1-car garage plus 5 off-street parking spaces adds even more value. Live in the expansive owner’s unit while rental income from the other two residences helps offset the cost of ownership. Just steps from Lynn Shore Drive Promenade, King’s Beach, Red Rock Park, and local restaurants, this is a unique opportunity to own a multi-family property near the ocean with space, income potential, and lifestyle all in one.
Multi-familyProperty Type
1920Year Built
3,781 sq ftLot Size
$383Price/Sq.Ft.
1 garage spacesParking
Listed by Sean K Connelly• William Raveis R.E. & Home Services
Diamond District, located between Lynn Shore Drive and the Swampscott line, is a coastal and residential Lynn neighborhood with a beachside promenade and compact side streets of classic New England houses. The neighborhood’s character concentrates along Lynn Shore Drive at Red Rock Park, where walkers, cyclists, and shoreline views set the daily rhythm. Early-20th-century multifamily homes and porched singles line the blocks, giving the area a lived-in, seaside texture. Red Rock Park and the Nahant Beach shoreline frame routines around open sky and salt air. The Diamond Historic District adds a layer of architectural continuity and local pride. Cafes and small eateries cluster along the shore corridor, keeping the mood casual and outdoors-oriented.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Pantry
Crown molding
Stone/granite/solid counters
Upgraded cabinets and countertops
Living room
Dining room
Family room
Laundry room
Mudroom
Stained glass windows
Box/bay/bow windows
Insulated windows
Bedrooms
Total of 12 rooms (includes bedroom count within total rooms)
Bathrooms
Four full bathrooms
One half bathroom
Kitchen
Range
Range hood
Dishwasher
Refrigerator
Stone/granite/solid countertops
Upgraded cabinets
Laundry & utility
Washer
Dryer
Laundry room
Flooring
Tile
Hardwood
Stone/ceramic tile
Heating & cooling
Electric and natural gas heating
Window units
Ductless cooling
Exterior features
Fenced yard
Porch
Wood deck
Balcony/deck
Rain gutters
Sprinkler system
Ocean view
0 to 1/10 mile to beach
Beach access (public)
Corner, level lot
Public road frontage
Home design
3-family property
Four stories
Has waterview (ocean)
Parking
Detached garage (1 garage space)
One covered space
Four open parking spaces
Paved driveway
Off-street parking
Tandem parking (where applicable)
Total of 5 parking spaces
Construction
Frame construction
Stone foundation
Shingle and rubber roof
Built (approximate year per public records)
Utilities
Public water
Public sewer
Electric with circuit breakers
Gas and electric hookups available for range
HOA & community
Community features include public transportation, shopping, parks, house of worship, marina, T-station, and university access
Not a senior community
Other
Property contains three units (unit-level notes: units with 1–2 levels; leases not indicated as active)
Electricity and solar
View estimated energy costs and solar savings for this home
Life is better at the BEACH! Ocean Views from this Diamond District LEGAL 3 Family. 2 Peirce Road, corner lot on Ocean & Peirce, Do NOT miss an opportunity to own this spacious beauty w/ 3,368 sq. ft. of living space. The current owner's residence is glorious; two levels w/ soaring ceilings, hardwood flooring, renovated kitchen & baths, 9x12 laundry room, 2 private ocean view decks, 4 bedrooms; located on the 2nd & 3rd floors. The 1st floor residence has a renovated kitchen, 1 & one 1/2 baths, period details, high ceilings, 1 bedroom & sweeping deck. Ground level residence is a nice sized 2 room studio w/ everything you could need. Complete w/ 1 car garage, 5 off street parking, private fenced yard area, new vinyl siding, updated electric & more. STEPS to Lynn Shore Drive Promenade, Kings Beach, Red Rock Park, restaurants & major transportation routes. Short walk to Swampscott Commuter Rail, 15 minutes to Boston & more! Owner & ground residences to be delivered vacant. HURRY!
MLS PIN #70133933
Mar 24, 2005
Sold
$535,000
$175/sq ft
Feb 14, 2005
Listing Removed
—
Jan 13, 2005
Listed
$559,000
$182/sq ft
ABSOLUTELY BEAUTIFUL 3 FAMILY IN HISTORIC DIAMOND DISTRICT, STEPS TO THE BEACH. PERIOD DETAILS THROUGHOUT. GORGEOUS 6 RM, 4 BR, 2 BATH OWNER'S UNIT W/ LG DECK, LOVELY OCEAN VIEWS, FIREPLACE, GARAGE, 2 DRIVEWAYS, NEW ROOF. EXCELLENT CONDITION, MUST SEE.
Year
Property tax
Land + Additions
Assessment*
2023
$10,443 (+2.5%)
$206,900 + $729,700
$936,600
2022
$10,193 (+3.0%)
$164,700 + $655,300
$820,000
2021
$9,899 (+6.7%)
$161,700 + $598,000
$759,700
2020
$9,278 (+0.5%)
$144,800 + $547,600
$692,400
2019
$9,229 (+5.7%)
$147,600 + $497,800
$645,400
2018
$8,734 (+3.7%)
$151,000 + $425,500
$576,500
2017
$8,421 (+9.7%)
$143,700 + $396,100
$539,800
2016
$7,674 (+5.8%)
$140,800 + $333,500
$474,300
2015
$7,251 (+6.5%)
$145,700 + $287,200
$432,900
2014
$6,806 (+12.7%)
$138,000 + $259,300
$397,300
2013
$6,039 (+2.2%)
$123,300 + $233,400
$356,700
2012
$5,910 (−1.0%)
$128,200 + $234,800
$363,000
2011
$5,969 (+12.8%)
$123,300 + $244,700
$368,000
2010
$5,291 (+1.6%)
$109,700 + $231,000
$340,700
2009
$5,206
$143,500 + $265,100
$408,600
Public record
Public record
Permits
Beds
5
Baths
4.5
Stories
4
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
1966
Finished Sq. Ft.
2,392
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,392
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
2001175
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
May 20, 2019 • Final
Commercial plumbing permit (non 1 & 2 family)
Plumbing
May 14, 2019 • Final
Commercial electrical permit (non 1 & 2 family)
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Lynn, MA • 01902
Average low and high temperatures (°F)
34
21
36
22
49
33
57
41
67
51
78
62
82
67
78
62
72
58
63
47
53
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home ranks in the top 28% for direct sun exposure in Lynn. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2 Peirce Rd
$1,130,680
$44K under list price of $1.18M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $750K to $969K.