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55 Rock Ave, Lynn MA 01902

$1,775,000

Estimated $3,955/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $295,833.33

Total Rent: 144000/year

Estimated CAP Rate:

18 Bedrooms

Baths

7785

Total Parking: 4

4,866 (0.11)

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.

This home has been viewed 27 times

Last Checked: October 26th, 2026 at 6:13am (Source: MLS PIN #73582954)

Gross Income: $144,000

Gross Expenses: $29,238

Net Income Calc: $114,762

Water Views

Annual Expenses for 55 Rock Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$29,238/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12925

Annual Income & Unit Breakdown for 55 Rock Ave, Lynn MA 01902

Total Gross Income (Calculated)$144,000

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms

Floor2

Levels in Unit1

Rent Includes

General Information for 55 Rock Ave, Lynn MA 01902

Listing ID73582954

Property TypeMulti Family / 5+ Family

Price1775000 ($228/SqFt)

Style5-9 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total7785

Approximate Lot Size (Acres)0.11

Total Parking4

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area0

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 55 Rock Ave, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 55 Rock Ave, Lynn MA 01902

Real Estate Taxes12925

Tax Year2026

Assessed Value$1,254,900

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 55 Rock Ave, Lynn MA 01902

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 55 Rock Ave, Lynn MA 01902

Agent

Name: Eugene L. Clements

Office

Name: Clements Realty Group

Phone: 781-595-9600

Payment Calculator

, Interest

Property Taxes 1077.08

Principal & Interest 10936.99

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements

Agent Phone

Office Phone

(781) 595-9600

Text Agent Call Agent Call Office

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    [unparsed] => 55 Rock Ave, Lynn MA 01902
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EXIT

34 More Photos

Active

55 Rock Ave, Lynn MA 01902

$1,775,000

Annual Expenses for 55 Rock Ave, Lynn MA 01902

Annual Income & Unit Breakdown for 55 Rock Ave, Lynn MA 01902

General Information for 55 Rock Ave, Lynn MA 01902

Disclosures for 55 Rock Ave, Lynn MA 01902

Financial Information for 55 Rock Ave, Lynn MA 01902

Location Information for 55 Rock Ave, Lynn MA 01902

Contact Information for 55 Rock Ave, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements