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Bean Group
Offered at $1,800,000Active
beds
18
baths
6
sq ft
7,785
Built
1900

55 Rock Ave

Lynn, MA 01902

About this home

Attention investors! First time on the market in almost 20 years! A substantial investment has been made to replace all six gas-fired heating systems, hot water tanks and common area upgrades in this well-maintained six-unit apartment building. Each oversized three-bedroom unit has separate utilities, and the property offers off-street parking and an established rent roll. Three units have recently undergone extensive renovations, including new bathrooms, refinished hardwood floors, fresh paint, and additional updates. All units have Letters of Deleading Compliance. Professionally maintained with significant recent improvements, this income-producing property offers a desirable unit mix and potential for future rental growth.

Listing last checked: Listing updated:

Listed by Eugene L. Clements · Clements Realty Group · MLS #73582954

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Details at a glance

Interior4 property facts
Rooms
30
Heating
Forced Air, Natural Gas
Flooring
Hardwood
Basement
Yes · Full, Interior Entry, Unfinished
Building5 property facts
Style
5-9 Family
Year built
1900
Parking
4
Foundation
Stone
Roof
Rubber
Land & utilities5 property facts
Lot size
0.11 acres
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
R3
Financial2 property facts
Annual taxes
$12,925
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $1,800,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$10,179 / monthAdjust
Principal & interest
$9,102
Property tax
$1,077
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $12,925. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $1,800,295

Estimated range $1,675,025–$1,925,566.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 55 Rock Ave

Can I request a private showing?

Request a tour of 55 Rock Ave and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.