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40 Hamilton Ave., Lynn MA 01902

Lynn, MA 01902
$1,000,050
Est. $6,034/month
7
Beds
3
Baths
3,274
Sq Ft
$305
Price/Sq Ft
0.14
Acres
1918
Year Built
9
Parking
24
Days on Market
Pending Listed May 7, 2026 • MLS# 73514325 Copied! • Updated Jul 1, 2026

About this home

3-Unit Investment at 40 Hamilton Ave, Lynn! Fantastic opportunity for investors or owner-occupants—this multi-unit offers strong rental income potential with 3 units ready to generate cash flow. Benefit from ample off-street parking and a large backyard, a rare find perfect for tenants and added value. Ideally located near public transportation, commuter routes, shopping, dining, and Lynn’s vibrant downtown, with easy access to Boston—making it highly attractive for renters. Whether you’re expanding your portfolio or looking to live in one unit while collecting rents, this property delivers income, convenience, and long-term upside.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Property Timeline

📋
Status: Active under contract
May 20, 2026
Active → Active Under Contract
Pending Sale
May 18, 2026
Offer accepted, sale pending
🏠
Listed for Sale
May 7, 2026
$1,000,050
Original listing
Agent: Adele Faso Office: eXp Realty

Tax History

Year Taxes Assessment
2026 $9,329 $905,700

Financial Details

Annual Property Tax
$9,329
Tax Year 2026
Assessed Value
$905,700

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1918
Living Area 3,274 sq ft
Lot Size 0.14 acres
Bedrooms 7
Full Baths 3
Total Rooms 17

Investment Metrics

Units 3
Unit 1 Rent $2,200/mo · N
Unit 2 Rent $2,050/mo · N
Unit 3 Rent $1,800/mo · N
Total Monthly Rent $6,050/mo
Gross Income $72,600
Net Operating Income $72,600
Cap Rate 7.26%
Heating None
Cooling None
Flooring Tile, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full, Walk-out Access, Concrete, Unfinished
Laundry None
Features High Speed Internet, Bathroom With Tub, Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck, Balcony
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Porch
Features Paved Drive, Off Street, Paved
Total Spaces 9
Electric 220 Volts
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,329
Assessed Value $905,700
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Buyers Responsible For Own Due Diligence. Property Sold As Is.please Note: During The Open House, Access Will Be Available To The 1st And 3rd Floors Only.
Possession None
Accepted Financing None
Structure Type []
House Color Blue
Sq Ft Source Other
Documents None
County Essex
Total market time (incl. prior listings) 26 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1918
Bedrooms
7
Full Bathrooms
3
Living Area
3,274 sq ft
Total Rooms
17
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Refrigerator
Interior Features: High Speed Internet, Bathroom With Tub, Living Room, Kitchen
Windows: Insulated Windows
Basement: Full, Walk-Out Access, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1918
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck, Balcony
Patio & Porch: Porch
Fencing: Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 9
Parking Features: Paved Drive, Off Street, Paved
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

3 schools
B-
KIPP Academy Lynn Charter School
0.2 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C
Robert L Ford School
0.3 mi | #614 of 824 | Score: 40.0
Improved 183 spots from last year
-18.2 below state avg
410 students Less Diverse
Rising School
Grades K-05
C-
Cobbet Elementary School
0.3 mi | #696 of 824 | Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students Less Diverse
Rising School
Grades PK-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
1.1 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.3 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.4 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.4 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
St. Mary's High School
0.4 mi
Grades 07-12
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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
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Over life of loan
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $777
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

40 Hamilton Ave., Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Adele Faso
Listing Office eXp Realty LLC
Office Phone 888-854-7493
Agent MLS ID CN230037
Office MLS ID AN6820
Listing Data Updated Jul 1, 2026 11:02 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

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BMN Boston Real Estate

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