Home Homes for Sale 43 Highrock Street, Lynn MA 01902
Price cut: $200K

$1,700,000
$402/sqft · Lynn, MA
18Beds
6Baths
4,230Sqft
0.10 acresLot Size
43 Highrock Street, Lynn MA 01902
Active Listed 66 days ago
5-9 Family Built in 1900 0.10 Acre Lot

What's Special

5-9 FamilyBuilt in 1900Price Reduced

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.

Location

Property Details

Core Details

Property Type5-9 Family
Year Built1900
ZoningR2
Stories5
MLS #73535795

Space & Sizing

Living Area4,230 sqft
Above Grade4,230 sqft
Total Rooms30
Bedrooms18
Bathrooms6
Lot Size0.10 acres

Features & Systems

Open Parking0
Heating6 Zones
FoundationStone
RoofRubber
HeatingSteam
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Appliances
Range Refrigerator
Community Features
Laundromat Private School Public School Public Transportation Shopping
Exterior Features
Rain Gutters
Flooring
Hardwood Laminate
Interior Features
Kitchen Living Room
Levels
5
Lot Features
Level
Lead Paint
Certified Treated
Patio And Porch Features
Porch
Rent Includes
Unit 1(Heat,Water,Hot Water) Unit 2(Heat,Water,Hot Water) Unit 3(Heat,Water,Hot Water) Unit 4(Heat,Water,Hot Water)
Road Surface Type
Paved
Waterfront Features
3/10 to 1/2 Mile To Beach Beach Ownership(Public) Ocean

Additional Information

Directions: Essex Street to Rockaway Street to Highrock Street

Financial Details

Annual Taxes$15,914 (2025)
Assessed Value$154,200
Gross Income$223,740
Gross Scheduled Income$18,222
Operating Expense$77,696
Net Operating Income$134,857
Tax Book Number31350
Listed on Jun 19, 2026 Updated Aug 24, 2026 7:05 AM Essex County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73535795

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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