Active
34 Days on market
71 Harwood St Lynn — Photo 1 of 35

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$3,300,000
Annual Taxes$24,526

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms36
FireplacesNone
FlooringWood, Tile, Vinyl
BasementUnfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone
ZoningR4

Property & Lot

Acres0.18
SqFt Lot8,019
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Public School

Geography

Property History

Expired
$2,200

Aug 31, 2026

MLS® 73516941

Listed
$3,300,000

Aug 10, 2026

MLS® 73561330

Sold
$2,100

Jul 30, 2026

MLS® 73516891

Listed
$2,200

May 12, 2026

MLS® 73516941

Listed
$2,100

May 12, 2026

MLS® 73516891

Expired
$1,900

Dec 31, 2025

MLS® 73376639

Listed
$1,900

May 16, 2025

MLS® 73376639

Sold
$1,900

Jan 2, 2025

MLS® 73315274

Listed
$1,900

Nov 22, 2024

MLS® 73315274

Listing Provided By

Listing Agent: Katy Loucks

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73561330