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$1,900,000
Total Beds: 18 Total Baths: 6
Total Units: 6 SQFT: 4230
LOT size: 0.10 Acres
43 Highrock Street
Lynn, MA 01902
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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

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 18
  • Total Full Baths: 6
  • Amenities: Laundromat, Private School, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 223740
  • Gross Expenses: 77696
  • GSE: 18222
  • Electric Expenses: 1265
  • Water/Sewer: 10343
  • Net Operating Income: 134857

Utilities

  • Heat Zones: 6
  • 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: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73535795
  • Last Updated: 06/19/26

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Map

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 08:47:00