55 Rock Ave, Lynn MA 01902
Lynn, MA 01902
$1,800,000
Est. $10,607/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Attention investors! First time on the market in almost 20 years! A substantial investment has been made to replace all six gas-fired heating systems, hot water tanks and common area upgrades in this well-maintained six-unit apartment building. Each oversized three-bedroom unit has separate utilities, and the property offers off-street parking and an established rent roll. Three units have recently undergone extensive renovations, including new bathrooms, refinished hardwood floors, fresh paint, and additional updates. All units have Letters of Deleading Compliance. Professionally maintained with significant recent improvements, this income-producing property offers a desirable unit mix and potential for future rental growth.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 26, 2026
$1,800,000
Original listing
Agent: Eugene L. Clements
Office: Clements Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/26/2026 | 🏠 Listed for Sale | $1,800,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $15,668 | — |
Financial Details
Annual Property Tax
$15,668
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Living Area
7,785 sq ft
Lot Size
0.11 acres
Investment Metrics
Gross Income
$208,200
Net Operating Income
$144,825
Operating Expenses
$52,965
Cap Rate
8.05%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$15,668
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
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1900
Living Area
7,785 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
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
0.3 mi
|
#203 of 346
|
Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
St. Pius V Elementary School
0.5 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.0 mi
|
#292 of 346
|
Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students
Moderate
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades PK-12
The Hathaway School
1.1 mi
Grades PK-08
North Shore Christian School
1.1 mi
Grades PK-08
Sacred Heart Elementary School
1.4 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
1.8 mi
27 students
Diverse
Grades PK-12
C
Robert L Ford School
0.1 mi
|
#595 of 825
|
Score: 40.9
Improved 202 spots from last year
-17.3 below state avg
449 students
Less Diverse
Rising School
Grades K-05
C-
Ingalls School
0.6 mi
|
#672 of 825
|
Score: 37.2
Improved 126 spots from last year
-21 below state avg
620 students
Less Diverse
Rising School
Grades K-05
C
Hood School
0.6 mi
|
#606 of 825
|
Score: 40.5
Improved 39 spots from last year
-17.7 below state avg
553 students
Moderate
Rising School
Grades PK-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.9 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.1 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
6 schools
St. Mary's High School
0.7 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.7 mi
259 students
Moderate
Grades 06-12
B+
Fredrick Douglass Collegiate Academy
0.9 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students
Moderate
Early College Program
Rising School
Grades 06-12
D
Lynn English High School
0.4 mi
|
#315 of 346
|
Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
0.7 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
98 students
Moderate
Rising School
Career Tech Programs
Strong Attendance
Grades 09-12
C-
Classical High School
2.0 mi
|
#304 of 346
|
Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Loan Amount
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Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,306
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
$0
Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
55 Rock Ave, 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
Sep 26, 2026 5:09 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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