Multi Family

55 Rock Ave

Lynn, MA 1902 · MLS 73582954

$1,775,000

7,785 sqft

  • Beds—
  • Baths—
  • Sq Ft7,785
  • Year1900
  • Style—
  • $ / Sq Ft$228
  • HOA—
  • Taxes$12,925
  • Parking4
  • Lot4866.0
  • MLS73582954
  • StatusActive

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.

Location

DirectionsMore in Lynn

More about Lynn

Lynn Profile Snapshot
Primary Vibe Affordable coastal city with beaches, diverse community, and an emerging arts scene. Popular with buyers seeking relative value and water access.
Housing Prices More approachable than many closer areas. Beachfront and transit-proximate properties command premiums. Multi-family homes offer rental potential.
Commute to Boston Commuter rail provides access. Driving and bus options exist. Parking varies by location.
Schools Served by Lynn Public Schools. Confirm assignments with the district.
Market Demand supported by coastal location and pricing. Updated properties near the beach or rail attract interest.
Housing Styles Multi-family homes, condominiums, and single-family properties. Condition varies.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.