40 Hamilton Ave., Lynn MA 01902
Lynn, MA 01902
$1,000,050
Est. $6,034/month
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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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/20/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 05/18/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/07/2026 | 🏠 Listed for Sale | $1,000,050 | - | - | Original listing |
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%
Interior
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
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck, Balcony
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
9
Utilities
Electric
220 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,329
Assessed Value
$905,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
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.
Additional Details
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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,274 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
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
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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 27, 2026 8:42 PM 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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