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7 Central Sq #203 Lynn — Photo 1 of 13

7 Central Sq #203 Lynn — Photo 1 of 13

$309,900

Investment Analysis — 7 Central Sq #203

Lynn, MA 01901

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01901 carries an estimated $2,160/mo in gross rent — about a 3.14% cap rate and $9,720/yr in estimated NOI at the $309,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

855

Style

Condominium

Built

1903

Oversized 1-bedroom loft-style condo in the heart of Downtown Lynn. Located on the 2nd floor, this spacious unit features high ceilings and six tall windows that fill the home with natural light and offer vibrant city views of trees and the park. The open layout allows for easy conversion of the living area into a second room or office. Laundry room is directly across the unit door. Positioned above a coffee shop, grocery stores, pizza restaurant, and nail hair salon. Across from a lively park with seasonal events and a neighboring museum. Art galleries and live theater are just steps away. Walking distance to markets, commuter rail station (2 stops to Boston), Lynn Ferry terminal, and Seaport Landing Marina. Minutes to North Shore Community College, Community Health Center, beach park with fishing pier, Lynn Beach, and indoor garage parking. Lynn is undergoing $150 million in city improvements to enhance waterfront access, walkability, and downtown appeal.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$298,900
Annual Taxes$3,189
HOA Fee$565.84

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms3
FireplacesNone
FlooringCarpet, Laminate, Marble
BasementY

Climate & Utilities

HeatingBaseboard, Electric Baseboard
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningCBD

Property & Lot

Acres0.2
SqFt Lot8,542
Lot Features--

Amenities & Appliances

Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails

Geography

Property History

Price Increase
$309,900

Was $298,900

Apr 8, 2026

MLS® 73461140

Listed
$298,900

Dec 9, 2025

MLS® 73461140

Terminated
$299,900

Sep 29, 2025

MLS® 73397067

Listed
$299,900

Jun 26, 2025

MLS® 73397067

Listing Provided By

Listing Agent: Lisa Berry

Listing Office: Simply Sell Realty

MLS® Number: 73461140