Active

28 Days on market

55 Addison Ave Lynn — Photo 1 of 16

Recent Drop: $21,000

$566,000

$545,000

55 Addison Ave, Lynn, MA 01902

Lynn, MA 01902

Beds

Baths

SqFt

1,083

Style

Single Family

Built

1925

Welcome to 55 Addison Ave! Charming East Lynn bungalow featuring refinished hardwood floors, fresh paint, an updated kitchen, flexible bonus space, and a spacious basement. Enjoy a fenced backyard, detached 2-car garage, and off-street parking. Conveniently located near shopping, parks, public transportation, and major routes. Move-in ready and full of potential—don’t miss this opportunity!

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$503/sqft

Local Avg (Lynn)$394/sqft

28% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Financials

Original Price$566,000

Annual Taxes$5,052

Parking

Garage2

Off-Street6

Interior Specifications

Total Rooms6

Fireplaces1

FlooringTile, Carpet, Hardwood

BasementFull, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas

CoolingCentral Air

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)

RoofShingle, Wood

FoundationConcrete Perimeter, Block, Stone

Zoningres

Property & Lot

Acres0.06

SqFt Lot2,491

Lot FeaturesOther

Amenities & Appliances

Range • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship

Geography

Property History

Price Drop

$545,000

Was $566,000

Aug 22, 2026

MLS® 73562871

Listed

$566,000

Aug 12, 2026

MLS® 73562871

Population

50,066

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

63.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 542 sq ft (the lesser of 900 sq ft or half the 1,083 sq ft principal dwelling). Lot size: 2,491 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Lynn, MA market report ZIP 01902 market data

Listing Provided By

Listing Agent: Sonia Lithgow

Listing Office: Tropical Realty

MLS® Number: 73562871