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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7,785

Sq Ft

$231

Price/Sq Ft

0.11

Acres

1900

Year Built

Days on Market

For Sale Listed Sep 26, 2026 • MLS# 73582960 Copied! • Updated Sep 30, 2026

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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

Price & Status 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

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1900

Structure Type:

Exterior Materials:

Roof:

Foundation:

Utilities & Systems

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

⚠ 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

3 schools

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

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

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

3 schools

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

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

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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 30, 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.

Contact Us

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

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55 Rock Ave, Lynn MA 01902

About this home

Recently Sold Nearby

Property Timeline

Listed for Sale

Tax History

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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55 Rock Ave, Lynn MA 01902

About this home

BMN Estimate

Recently Sold Nearby

Price & Status History

Property Timeline

Listed for Sale

Detailed History Table ▼

Tax History

Financial Details

Facts & Features

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Floor Layout

Interior Features

Construction & Materials

Utilities & Systems

Exterior & Lot

Parking & Garage

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

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Listing Information

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