55 Rock Ave, Lynn MA 01902

Lynn, MA 01902
$1,800,000
Est. $10,379/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.

Adjust the payment calculator
18
Beds
6
Baths
7,785
Sq Ft
$231
Price/Sq Ft
0.11
Acres
1900
Year Built
4
Parking
12
Days on Market
For Sale Listed Sep 26, 2026 • MLS# 73582954 Copied! • Updated Sep 30, 2026

Track this home for price, status, and open-house alerts.

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.

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

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

Tax History

Year Taxes Assessment
2026 $12,925 $1,254,900

Financial Details

Annual Property Tax
$12,925
Tax Year 2026
Assessed Value
$1,254,900

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 7,785 sq ft
Lot Size 0.11 acres
Stories 5
Bedrooms 18
Full Baths 6
Total Rooms 30

Investment Metrics

Units 6
Unit 1 Rent $3,000/mo · Y
Unit 2 Rent $3,000/mo · Y
Unit 3 Rent $3,000/mo · N
Unit 4 Rent $3,000/mo · N
Total Monthly Rent $12,000/mo
Gross Income $208,200
Net Operating Income $144,825
Operating Expenses $52,965
Water/Sewer Expense $4,653
Electric Expense $766
Cap Rate 8.05%
Heating Forced Air, Natural Gas
Cooling None
Flooring Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Unfinished
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street, Paved
Total Spaces 4
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $12,925
Assessed Value $1,254,900
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Certified Treated
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) 4 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
18
Full Bathrooms
6
Living Area
7,785 sq ft
Total Rooms
30
Stories
5
Levels
5

Floor Layout

Interior Features

Flooring: Hardwood
Appliances: Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows: Insulated Windows, Storm Window(s), Screens
Basement: Full, Interior Entry, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 6
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,077
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

Loading map...

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

BMN Boston Real Estate
BMN Boston Real Estate
BMN Boston Powered by SERHANT
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

Loading market insights for Lynn.