HUGE PRICE REDUCTION!!! An incredible opportunity awaits with this spacious and versatile two family home, ideal for owner occupants, investors, or multigenerational living! This LEAD COMPLIANT property offers an impressive 7 total bedrooms, featuring a 2 bedroom, 1 bath unit and an expansive 5 bedroom, 1 bath unit with plenty of space and excellent rental potential. Major improvements have already been completed, including two newer direct vent boilers, two newer hot water heaters, and a new copper main water line and meter. One of the standout features is the exceptional amount of parking, with a huge driveway, garage, and ample off street parking for multiple vehicles, a rare and highly desirable feature for a multifamily property. Enclosed rear porches provide additional usable space and storage. Conveniently located near shopping, restaurants, public transportation, everyday amenities, and major commuting routes. With its generous layout, important mechanical updates, lead compliance, and outstanding parking, this property offers tremendous potential and is one you will not want to miss!
This home has been viewed 10 times
Last Checked: October 27th, 2026 at 8:53am (Source: MLS PIN #73587322)
Gross Income: $63,600
Gross Expenses: $7,126
Net Income Calc: $56,474
Annual Expenses for 102 Rockaway St, Lynn MA 01902
Total Gross Expenses (Calculated)$7,126/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7126
Annual Income & Unit Breakdown for 102 Rockaway St, Lynn MA 01902
Total Gross Income (Calculated)$63,600
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms5
Bathrooms1 Full
Floor2
Levels in Unit2
Rent IncludesHeat
General Information for 102 Rockaway St, Lynn MA 01902
Listing ID73587322
Property TypeMulti Family
Price764986 ($295.7/SqFt)
StyleMulti Family
CityLynn
CountyEssex
Neighborhood(s)
Approximate Living Area Total2587
Approximate Lot Size (Acres)0.12
Total Parking8 (1 Garage)
Garage Parking1
Year Built1880
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 Description
Accessible Features
Outdoor SpaceCovered
ZoningR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 102 Rockaway St, Lynn MA 01902
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.
Financial Data Source
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 102 Rockaway St, Lynn MA 01902
Real Estate Taxes7126
Tax Year2025
Assessed Value$687,833
Financial Data Source
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 102 Rockaway St, Lynn MA 01902
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 102 Rockaway St, Lynn MA 01902