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43 Highrock Street, Lynn MA 01902

Lynn, MA 01902
$1,900,000
Est. $11,134/month
18
Beds
6
Baths
4,230
Sq Ft
$449
Price/Sq Ft
0.10
Acres
1900
Year Built
21
Days on Market
Active Listed Jun 19, 2026 • MLS# 73535795 Copied! • Updated Jun 29, 2026

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

Property Timeline

🏠
Listed for Sale
Jun 19, 2026
$1,900,000
Original listing
Agent: Eugene L. Clements Office: Clements Realty Group

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 7.10%
Heating Steam
Cooling None
Flooring Laminate, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Concrete
Laundry None
Features Living Room, Kitchen
Construction None
Architecture None
Roof Rubber
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $15,914
Assessed Value $154,200
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
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) 10 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

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: 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 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 $1,326
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

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

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 Jun 29, 2026 3:23 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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