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INVESTMENT SNAPSHOT
About this property
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
| Units | 6 |
| Living area | 5,631 sqft |
| Lot size | 5,123 sqft |
| Year built | 1900 |
| Price / sqft | $272 |
| County | Essex |
| MLS # | 73519410 |
Listing status
| Days on market | 4 days |
| Listed on | May 14, 2026 |
Taxes & financials
| Annual property tax | $12,063 |
| Tax year | 2025 |
| Assessed value | $1,164,400 |
| Zoning | R4 |
| Gross income (actual) | $148,800/yr |
| Net operating income (actual) | $110,802/yr |
| Total actual rent | $12,400/mo |
| Electric expense | $1,201/yr |
| Insurance expense | $7,584/yr |
Building & lot
| Stories | 5 |
| Total rooms | 27 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Driveway, Paved |
| Basement | Full, Interior Entry, Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Tile, Vinyl, Carpet, Varies, Hardwood |
Utilities & systems
| Heating | Hot Water |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Refrigerator |
Location
More about investing in Lynn →
Listing courtesy of United Brokers — Matt Tasgin. 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 35-37 Park St, Lynn MA 01905 have?
It is a 6-unit multi-family property with 5,631 sqft of living area, built in 1900.
How long has 35-37 Park St, Lynn MA 01905 been on the market?
35-37 Park St, Lynn MA 01905 has been listed for 4 days (since May 14, 2026).
What is the estimated cap rate on this 6-family in Lynn?
Based on area median rents, the estimated cap rate is about 7.0%, 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 $1,529,986 across 6 units, that works out to roughly $254,998 per unit.
What are the property taxes on 35-37 Park St, Lynn MA 01905?
Annual property taxes are $12,063 (2025), on an assessed value of $1,164,400.
What is the price per square foot?
At $1,529,986 for 5,631 sqft, that's about $272 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street, driveway, paved).
Where is this property located?
35-37 Park St, Lynn MA 01905 is in Lynn, Essex County, MA 01905.
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