35-37 Park St, Lynn, MA 01905
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$1,529,986
6 Unit
12 Beds
6 Baths
5631 SQFT
0.12 Acre

Property Description

Welcome to your next investment opportunity! 35-37 Park St presents a rare chance to acquire a well-located 6-family property in one of Lynn’s strong and continuously growing rental markets. 7.2% current CAP and fully lead compliant! This large multifamily offers excellent income-producing potential with multiple units, strong cash flow opportunity, and long-term upside for both seasoned investors and owner-occupants looking to build wealth through real estate. New front entrance with with granite steps, new fencing, new concrete around foundation, new landscaping, repaired siding, rear porch, exterior of building. Conveniently located near major highways, public transportation, shopping, restaurants, schools, parks, and downtown Lynn. With consistent rental demand and future value-add potential, this is an ideal opportunity for investors looking to generate steady rental income while benefiting from long-term appreciation.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Active Solar, Electric Baseboard, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 148800
  • Gross Expenses: 37998
  • Electric Expenses: 1201
  • Water/Sewer: 2829
  • INSC: 7584
  • Repairs & Maintenance: 5000
  • Miscellaneous Expense: 700
  • Net Operating Income: 110802

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73519410
  • Last Updated: 05/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/18/2026Active$1,529,986$272MLSPIN
05/14/2026New$1,529,986$272MLSPIN

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Seller's Representative: Matt Tasgin, United Brokers
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 2026-05-18 03:05:00

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