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About this property
29-35 Sagamore Street presents a rare opportunity to acquire two adjacent, fully occupied 6-unit multifamily buildings in a highly desirable coastal neighborhood of Lynn. The properties consist of twelve total apartments comprised of six 2-bedroom / 1-bathroom units and six 1-bedroom / 1-bathroom units, along with 12+ off-street parking spaces and an on-site laundry facility. Located just moments from the beach, the asset benefits from strong tenant demand driven by its coastal setting, access to public transportation, and convenient connectivity to Boston and the North Shore.With all units occupied, 29-35 Sagamore Street presents a turnkey investment opportunity with immediate in-place income and long-term upside potential.
Property details
| Units | 12 |
| Living area | 8,694 sqft |
| Lot size | 11,469 sqft |
| Year built | 1900 |
| Price / sqft | $305 |
| County | Essex |
| MLS # | 73525911 |
Listing status
| Days on market | 4 days |
| Listed on | May 28, 2026 |
Taxes & financials
| Annual property tax | $9 |
| Tax year | 2025 |
| Assessed value | $9 |
| Zoning | 9 |
| Gross income (actual) | $310,543/yr |
| Net operating income (actual) | $310,543/yr |
| Total actual rent | $25,112/mo |
Building & lot
| Stories | 5 |
| Total rooms | 39 |
| Lot size | 0.26 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Parking | Paved Drive, Shared Driveway, Off Street |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Wood, Carpet |
Utilities & systems
| Heating | Baseboard |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, Washer Hookup |
| Appliances | Range |
Location
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Listing courtesy of Boston Realty Advisors — Daniel Alper. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 29-35 Sagamore Street, Lynn MA 01902 have?
It is a 12-unit multi-family property with 8,694 sqft of living area, built in 1900.
How long has 29-35 Sagamore Street, Lynn MA 01902 been on the market?
29-35 Sagamore Street, Lynn MA 01902 has been listed for 4 days (since May 28, 2026).
What is the estimated cap rate on this 12-family in Lynn?
Based on area median rents, the estimated cap rate is about 8.1%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,649,000 across 12 units, that works out to roughly $220,750 per unit.
What are the property taxes on 29-35 Sagamore Street, Lynn MA 01902?
Annual property taxes are $9 (2025), on an assessed value of $9.
What is the price per square foot?
At $2,649,000 for 8,694 sqft, that's about $305 per square foot.
Is there parking?
12 total parking spaces (paved drive, shared driveway, off street).
Where is this property located?
29-35 Sagamore Street, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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