35-37 Park St, Lynn MA 01905
Lynn, MA 01905
$1,529,986
$1,494,986
Est. $8,765/month
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About this home
Welcome to your next investment opportunity! 35-37 Park St presents a rare chance to acquire a well-located 6-family property in one of Lynn’s strong and continuously growing rental markets. 7.2% current CAP and fully lead compliant! This large multifamily offers excellent income-producing potential with multiple units, strong cash flow opportunity, and long-term upside for both seasoned investors and owner-occupants looking to build wealth through real estate. New front entrance with with granite steps, new fencing, new concrete around foundation, new landscaping, repaired siding, rear porch, exterior of building. Conveniently located near major highways, public transportation, shopping, restaurants, schools, parks, and downtown Lynn. With consistent rental demand and future value-add potential, this is an ideal opportunity for investors looking to generate steady rental income while benefiting from long-term appreciation.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.3%
Price Range
Property Timeline
Price Reduced
Jul 14, 2026
$1,494,986
$35,000
(-2.29%)
From $1,529,986 to $1,494,986 (-2.3%)
Listed for Sale
May 14, 2026
$1,529,986
Original listing
Agent: Matt Tasgin
Office: United Brokers
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/14/2026 | ↓ Price Reduced | $1,494,986 | $35,000 | - | From $1,529,986 to $1,494,986 (-2.3%) |
| 05/14/2026 | 🏠 Listed for Sale | $1,529,986 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $12,063 | $1,164,400 |
Financial Details
Annual Property Tax
$12,063
Tax Year 2025
Assessed Value
$1,164,400
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
5,631 sq ft
Lot Size
0.12 acres
Stories
5
Bedrooms
12
Full Baths
6
Total Rooms
27
Investment Metrics
Units
6
Unit 1 Rent
$2,000/mo · Y
Unit 2 Rent
$2,250/mo · N
Unit 3 Rent
$2,250/mo · N
Unit 4 Rent
$2,050/mo · N
Total Monthly Rent
$8,550/mo
Gross Income
$148,800
Net Operating Income
$110,802
Operating Expenses
$37,998
Water/Sewer Expense
$2,829
Electric Expense
$1,201
Insurance Expense
$7,584
Cap Rate
7.41%
Interior
Heating
Hot Water
Cooling
None
Flooring
Tile, Vinyl, Carpet, Varies, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Unfinished
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
Decorative Lighting
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Driveway, Paved
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$12,063
Assessed Value
$1,164,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
The Information Herein May Contain Inaccuracies And Is Provided Without Warranty Or Guarantee Of Any Kind. Agents & Buyers Must Independently Verify Any Info They Deem Material Or Important To Their Purchase Or Any Offered Price Thereunder. Seller Has Never Occupied The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
90 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
12
Full Bathrooms
6
Living Area
5,631 sq ft
Total Rooms
27
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,631 sq ft above grade
0 sq ft below 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, Vinyl, Carpet, Varies, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Basement:
Full, Interior Entry, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone, Brick/Mortar
Stories:
5
Heating, Cooling & Utilities
Heating:
Hot Water
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Decorative Lighting
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, Driveway, Paved
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
C-
Lynn Vocational Technical Institute
0.5 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
B-
KIPP Academy Lynn Charter School
0.6 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
Sacred Heart Elementary School
0.7 mi
Grades PK-08
St. Pius V Elementary School
1.2 mi
Grades PK-08
North Shore Christian School
1.7 mi
Grades PK-08
The Hathaway School
1.9 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.0 mi
Grades PK-12
C-
Wm. P. Connery Elementary School
0.3 mi
|
#719 of 824
|
Score: 34.2
Improved 75 spots from last year
-24.1 below state avg
563 students
Moderate
Rising School
Grades K-05
C-
Cobbet Elementary School
0.3 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
Washington Elementary School
0.4 mi
|
#646 of 824
|
Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C+
Pickering Middle School
1.5 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
C-
Thurgood Marshall Middle School
1.6 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
High Schools
6 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
Grades 06-12
St. Mary's High School
0.5 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
1.0 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
0.3 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
1.2 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
1.3 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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Location
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Neighborhood
35-37 Park St, Lynn MA 01905
Lynn, MA 01905
Listing Information
Listing Agent
Matt Tasgin
Listing Office
United Brokers
Office Phone
781-629-2258
Agent MLS ID
CN238940
Office MLS ID
BB9067
Listing Data Updated
Aug 12, 2026 6:58 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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