
71 Harwood St Lynn — Photo 1 of 35
$3,300,000
Investment Analysis — 71 Harwood St
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 12-unit multi-family in 01902 carries an estimated $25,920/mo in gross rent — about a 6.42% cap rate and $211,864/yr in estimated NOI at the $3,300,000 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
12
SqFt
10,224
Style
5+ Family - 5+ Units Up/Down
Built
1905
Exceptional value-add investment opportunity in the heart of Lynn! This well-maintained 12-unit apartment building features twelve 1-bedroom, 1-bath units across three stories, offering an ideal addition to any investment portfolio. Four units have been tastefully renovated, providing immediate upside while leaving significant potential to further increase value through additional unit improvements. Ownership has completed significant capital improvements throughout the property over the past decade, including upgrades to unit interiors, building systems, and common areas, reflecting a strong history of investment and pride of ownership. Recent common area updates, including beautifully refinished and varnished hardwood floors and staircases, further enhance the property's appeal. Conveniently located near public transportation, shopping, dining, schools, and other everyday amenities, the property offers excellent accessibility for tenants. A rare opportunity to acquire a stabilized asset with substantial long-term income and appreciation potential in the growing Lynn market.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Public School
Geography
Property History
$2,200
Aug 31, 2026
MLS® 73516941
$3,300,000
Aug 10, 2026
MLS® 73561330
$2,100
Jul 30, 2026
MLS® 73516891
$2,200
May 12, 2026
MLS® 73516941
$2,100
May 12, 2026
MLS® 73516891
$1,900
Dec 31, 2025
MLS® 73376639
$1,900
May 16, 2025
MLS® 73376639
$1,900
Jan 2, 2025
MLS® 73315274
$1,900
Nov 22, 2024
MLS® 73315274
Listing Agent: Katy Loucks
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73561330
