54 Rockaway Street

Lynn, MA 01902

$699,900
Price
4
Beds
2
Baths
1,440 Sq. Ft.
$486 / Sq. Ft.
1,440
Sq. Ft.
$486
per Sq. Ft.

Description

Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 8.21%, see attached Proforma. Extensively renovated with a new second-floor kitchen in 2018, a four-year-old roof, a Trex deck in front, a newer ductless mini split on the second floor, and gas heat with separate meters. Hardwood floors throughout. Park, restaurants, and shopping nearby. Easy highway access. Just 1 mile to the beach, and a 15-minute walk to the nearest T station to be built...Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 8.21%, see attached Proforma. Extensively renovated with a new second-floor kitchen in 2018, a four-year-old roof, a Trex deck in front, a newer ductless mini split on the second floor, and gas heat with separate meters. Hardwood floors throughout. Park, restaurants, and shopping nearby. Easy highway access. Just 1 mile to the beach, and a 15-minute walk to the nearest T station to be built soon. Included in the sale is a 9.5 foot wide piece of land parallel to the street which provides parking for up to 9 cars. SHOWINGS BEGIN at the Open House on Saturday 01/04 and Sunday 01/05 both from 11 AM to 1 PM. Don't miss it!
  1. Listed by Paul Brouillette • LAER Realty Partners

Property Details for 54 Rockaway Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8

Open Houses

Sunday, Jan 5th

11:00 AM - 1:00 PM

Public

LISTING UPDATED: 01/03/2025 09:21 AM

Property Details for 54 Rockaway Street

StatusActive
MLS #73321833
Days on Market5
Taxes$5,988 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1900
CountyEssex County

Building Information for 54 Rockaway Street

Stories3Residences2Year Built1900Building Size-Lot Size0.11 AC / 4,902 SF

Property Information for 54 Rockaway Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Highway Access, Public School
  • Living Area: 1440.0
  • Color: Grey
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Robert E. Ford
  • High School: Lynn E. High
  • Middle School: Marshall Middle
Features
Interior Features
  • Appliances: Washer, Range, Refrigerator
  • Basement Features: Full
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Kitchen
  • SpaYN: No
Exterior Features
  • Exterior Features: Porch, Deck
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Ductless Mini-Split System
  • Cooling: Yes
  • Heating: Baseboard, Natural Gas, Ductless
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:083 B:663 L:023
  • Assessments: $568,700
  • Book: 36658
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
  • GOI: $60,000.00
  • Insurance: $1,953.00
  • GRE: $4,753
  • NOI: $60,000.00
  • Operating Expense: $4,753.00
  • WSE: $2,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,000.00

Property History for 54 Rockaway Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 54 Rockaway Street

Taxable ValueLand$179,900Additions$388,800Total$568,700
Tax Record2024$5,988 ($499 / month)
Home Facts
Baths2Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtUnfinished Basement SqFt800 SqFtStories2Lot Size4,902 SqFtStyleDuplexYear Built1900Year Renovated1964ZoningR2CountyESSEXAPNLYNN M:083 B:663 L:023

Schools near 54 Rockaway Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Harrington Elementary School
PublicPK to 5

William R Fallon
Public1 to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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54 Rockaway Street is a multi-family home for sale in Lynn, MA 01902. This property was listed for sale on December 30, 2024 by LAER Realty Partners, it's currently listed at $699,900. It has been on the market for a total of 5 days and was last sold on April 19, 2018. This listing's school district is Lynn School District. Nearby schools include Harrington Elementary School, William R Fallon and Thurgood Marshall Middle School. 54 Rockaway Street is a 4-bed, 2-bath, 1,440 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LAER Realty Partners, Paul Brouillette

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.