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.
Details
| MLS # | 73519410 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 139 |
| Listing Provided By | United Brokers | Matt Tasgin |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 5,631 |
| Basement | Y |
| Story(s) | 5 |
| Units | 6 |
| Zoning | R4 |
| Acreage | 0.12 |
Interior
| Rooms Total | 27 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Interior Features | Living Room, Dining Room, Kitchen |
| Appliances | Range, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Tile, Vinyl, Carpet, Varies, Hardwood |
Exterior
| Exterior Features | Decorative Lighting |
|---|---|
| Roof | Rubber |
| Construction Materials | Frame |
| Foundation Details | Stone, Brick/Mortar |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street, Driveway, Paved |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Gas Range |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 12063 |
|---|---|
| Tax Assessed Value | 1164400 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01905 |
| Area | Essex |
| Listing VS Median (in 01905) | |
Price: $1,494,986 low | high Med: $520,000 sqft: 5,631 low | high Med: 1,322 $ / sqft: $265 low | high Med: $393 On site: 139 low | high Med: 50 | |
Market Activity 01905
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01905 |
| Area | Essex |
| Listing VS Median (in 01905) | |
Price: $1,494,986 low | high Med: $520,000 sqft: 5,631 low | high Med: 1,322 $ / sqft: $265 low | high Med: $393 On site: 139 low | high Med: 50 | |
 | $1,224,99544 A&b Park St.Lynn, MA 01905 |