43 Highrock Street, Lynn MA 01902
Lynn, MA 01902
$1,900,000
$1,800,000
Est. $10,628/month
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About this home
Attention investors! Don’t miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
5.3%
Price Range
Property Timeline
Price Reduced
Aug 3, 2026
$1,800,000
$100,000
(-5.26%)
From $1,900,000 to $1,800,000 (-5.3%)
Listed for Sale
Jun 19, 2026
$1,900,000
Original listing
Agent: Eugene L. Clements
Office: Clements Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/03/2026 | ↓ Price Reduced | $1,800,000 | $100,000 | - | From $1,900,000 to $1,800,000 (-5.3%) |
| 06/19/2026 | 🏠 Listed for Sale | $1,900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $15,914 | $154,200 |
Financial Details
Annual Property Tax
$15,914
Tax Year 2025
Assessed Value
$154,200
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
4,230 sq ft
Lot Size
0.10 acres
Bedrooms
18
Full Baths
6
Total Rooms
30
Investment Metrics
Units
6
Unit 1 Rent
$3,600/mo · Y
Unit 2 Rent
$2,680/mo · Y
Unit 3 Rent
$3,600/mo
Unit 4 Rent
$2,600/mo · Y
Total Monthly Rent
$12,480/mo
Gross Income
$223,740
Net Operating Income
$134,857
Operating Expenses
$77,696
Water/Sewer Expense
$10,343
Electric Expense
$1,265
Cap Rate
7.49%
Interior
Heating
Steam
Cooling
None
Flooring
Laminate, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Concrete
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$15,914
Assessed Value
$154,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Grey
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
49 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
18
Full Bathrooms
6
Living Area
4,230 sq ft
Total Rooms
30
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,230 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:
Laminate, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Full, Interior Entry, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Steam
Heating Zones:
6
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Parking Features:
Nearby Schools
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
Elementary Schools
10 schools
B-
KIPP Academy Lynn Charter School
0.1 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
St. Pius V Elementary School
0.8 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
0.8 mi
|
#284 of 346
|
Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades PK-12
The Hathaway School
1.1 mi
Grades PK-08
North Shore Christian School
1.4 mi
Grades PK-08
Sacred Heart Elementary School
1.4 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.0 mi
Grades PK-12
C
Robert L Ford School
0.2 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
0.5 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
C-
E. J. Harrington Elementary School
0.5 mi
|
#717 of 824
|
Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students
Moderate
Rising School
Grades PK-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.9 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
High Schools
6 schools
St. Mary's High School
0.5 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.5 mi
Grades 06-12
B
Fredrick Douglass Collegiate Academy
0.6 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
Grades 06-12
B-
Harold Durgin Success Academy
0.5 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
D
Lynn English High School
0.6 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
C-
Classical High School
2.0 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
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95% Interest
Year 15
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Location
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Neighborhood
43 Highrock Street, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Eugene L. Clements
Listing Office
Clements Realty Group
Office Phone
781-595-9600
Agent MLS ID
C8000525
Office MLS ID
C95263
Listing Data Updated
Aug 7, 2026 3:05 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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