Active
39 Days on market
43 Ocean Ave #43 Lynn — Photo 1 of 27

43 Ocean Ave #43 Lynn — Photo 1 of 27

$495,000

Investment Analysis — 43 Ocean Ave #43

Lynn, MA 01902 — Diamond District

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01902 carries an estimated $2,560/mo in gross rent — about a 2.69% cap rate and $13,316/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,095

Style

Condominium

Built

1988

Nestled along the shoreline in Lynn's historic Diamond District, this charming three-level condominium at the iconic Benz Estate Condominium offers the perfect blend of coastal living, character, and convenience. Featuring 2 bedrooms, huge bonus room, 1.5 baths, and ocean views from both the first and second floors, this inviting home provides a peaceful retreat just moments from the water.The thoughtfully designed layout offers comfortable living across three levels, creating distinct spaces for relaxing, entertaining, and working from home. Step outside to your private deck, the perfect place to enjoy your morning coffee, unwind with an evening breeze, or simply take in the sights and sounds of the Atlantic.Parking is a rare luxury with both a garage space and an additional outdoor parking spot included. Located within one of Lynn's most distinctive historic estates, you'll enjoy the timeless appeal of the Diamond District while being just minutes from beaches, parks, downtown Lynn, commuter rail service to Boston, and the many restaurants and shops that continue to transform this vibrant coastal community.Whether you're seeking a year-round residence or a low-maintenance seaside lifestyle, this unique home offers the opportunity to own a piece of North Shore history with the ocean practically at your doorstep.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$495,000
Annual Taxes$4,259
HOA Fee$481

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringFlooring - Wall to Wall Carpet
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
Foundation--
ZoningR2

Property & Lot

Acres1.24
SqFt Lot54,102
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenBathroom 2
Living Room
Lvl First

15 x 14

Flooring - Hardwood

Dining Room
Lvl First

14 x 10

Flooring - Hardwood, Lighting - Pendant

Kitchen
Lvl First

10 x 8

Bathroom - Half, Flooring - Hardwood, Gas Stove

Master Bedroom
Lvl Second

15 x 15

Closet, Flooring - Wall to Wall Carpet, Closet - Double

Bedroom 2
Lvl Second

13 x 10

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl First

Bathroom - Half

Listing Provided By

Listing Agent: Jeanmarie Minton

Listing Office: Keller Williams Realty Evolution

MLS® Number: 73558704