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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.

More Info

Basic Information

  • Gross Income $208,200
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:0084 B:0690 L:0001,2004863
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,254,900
  • Tax Year 2026
  • Taxes$12,925

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces4

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms18
  • Full Bath6

Basic Information

  • List Price$1,800,000
  • MLS Number73582954
  • Modification Date09/26/2026
  • Property SubType5-9 Family

Location

  • Address55 Rock Avenue
  • Building Number55
  • CountyEssex
  • StateMA
  • StreetRock Avenue
  • TownLynn
  • Zip01902

Building

  • BasementFull, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms30
  • Stories5
  • Units6
  • Utilities For Electric Range
  • Window Features Insulated Windows, Storm Window(s), Screens
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Flooring Hardwood
  • Interior Features Living Room, Kitchen

Exterior

  • RoofRubber

Utilities

  • Electric 100 Amp Service
  • Electric Expense 766
  • Heat SystemYes
  • Heating Forced Air, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 7,785
  • Lot Size Square Feet 4,866
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet7,785

Amenities

  • AmenitiesPublic Transportation, Laundromat, Private School, Public School, Sidewalks
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement, Beachfront

Water Body

  • Miles to Beach0.5
  • Waterfront Features Beach Access, Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Other

  • Date Listed09/26/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Eugene L. Clements of Clements Realty Group

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