43 Highrock Street, Lynn, MA 01902
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$1,900,000
Type: 5+ Residential
Lease Type N/A
SQFT: N/A
6 Restroom
Parking: N/A

Property Description

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.

Property Details tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Non-Conforming
  • MLS ID#: 73538789

Financial

  • Gross Annual Expenses: 31904
  • Gross Annual Income: 186360
  • Net Operating Income: 116791

Construction & Utilities

  • Utilities: Natural Gas, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/19/2026New$1,900,000MLSPIN
06/19/2026New$1,900,000$449MLSPIN

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Seller's Representative: Eugene L. Clements, Clements Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-19 09:10:00