71 Harwood St, Lynn MA 01902
Lynn, MA 01902
$3,300,000
Est. $18,930/month
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About this home
Exceptional value-add investment opportunity in the heart of Lynn! This well-maintained 12-unit apartment building features twelve 1-bedroom, 1-bath units across three stories, offering an ideal addition to any investment portfolio. Four units have been tastefully renovated, providing immediate upside while leaving significant potential to further increase value through additional unit improvements. Ownership has completed significant capital improvements throughout the property over the past decade, including upgrades to unit interiors, building systems, and common areas, reflecting a strong history of investment and pride of ownership. Recent common area updates, including beautifully refinished and varnished hardwood floors and staircases, further enhance the property's appeal. Conveniently located near public transportation, shopping, dining, schools, and other everyday amenities, the property offers excellent accessibility for tenants. A rare opportunity to acquire a stabilized asset with substantial long-term income and appreciation potential in the growing Lynn market.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 10, 2026
$3,300,000
Original listing
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/10/2026 | 🏠 Listed for Sale | $3,300,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $24,526 | $2,367,400 |
Financial Details
Annual Property Tax
$24,526
Tax Year 2025
Assessed Value
$2,367,400
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1905
Living Area
10,224 sq ft
Lot Size
0.18 acres
Stories
3
Bedrooms
12
Full Baths
12
Total Rooms
36
Investment Metrics
Units
12
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Vinyl
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$24,526
Assessed Value
$2,367,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Seller Is Related To The Listing Agent. Listing Agent 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)
4 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1905
Bedrooms
12
Full Bathrooms
12
Living Area
10,224 sq ft
Total Rooms
36
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
10,224 sq ft above 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:
Wood, Tile, Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1905
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, 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
3 schools
C-
Cobbet Elementary School
0.2 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-
Wm. P. Connery Elementary School
0.4 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
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
1.4 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
1.5 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
3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
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
St. Mary's High School
0.5 mi
Grades 07-12
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Loan Amount
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After down payment
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
$2,044
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
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
71 Harwood St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Katy Loucks
Listing Office
Lamacchia Realty, Inc.
Office Phone
339-645-9300
Agent MLS ID
CN241399
Office MLS ID
AN2885
Listing Data Updated
Aug 14, 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.
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