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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:
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
E

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
M

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
H

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

Principal & Interest $0
Property Tax $1,326
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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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.

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