Active
83 Days on market
43 Highrock Street Lynn — Photo 1 of 21

43 Highrock Street Lynn — Photo 1 of 21

Recent Drop: $200,000

$1,900,000
$1,700,000

$1,700,000

43 Highrock Street, Lynn, MA 01902

Lynn, MA 01902

Beds

18

Baths

6

SqFt

4,230

Style

5-9 Family

Built

1900

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$402/sqft
Local Avg (Lynn)$284/sqft
42% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$1,900,000
Annual Taxes$15,914

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms30
FireplacesNone
FlooringLaminate, Hardwood
BasementFull, Interior Entry, Concrete

Climate & Utilities

HeatingSteam
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationStone
ZoningR2

Property & Lot

Acres0.1
SqFt Lot4,230
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Laundromat • Private School • Public School

Geography

Property History

Price Drop
$1,700,000

Was $1,800,000

Aug 20, 2026

MLS® 73535795

Price Drop
$1,800,000

Was $1,900,000

Aug 3, 2026

MLS® 73535795

Listed
$1,900,000

Jun 19, 2026

MLS® 73535795

Listed
$1,700,000

Jun 19, 2026

MLS® 73538789

Population

50,066

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

63.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Eugene L. Clements

Listing Office: Clements Realty Group

MLS® Number: 73535795

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