40 Hamilton Ave Lynn, MA 01902
Highlands NeighborhoodEstimated payment $6,116/month
Highlights
- Property is near public transit and schools
- Balcony
- Bathtub
- Wood Flooring
- Porch
- 5-minute walk to Henry Avenue Park
About This Home
3-Unit Investment at 40 Hamilton Ave, Lynn! Fantastic opportunity for investors or owner-occupants—this multi-unit offers strong rental income potential with 3 units ready to generate cash flow. Benefit from ample off-street parking and a large backyard, a rare find perfect for tenants and added value. Ideally located near public transportation, commuter routes, shopping, dining, and Lynn’s vibrant downtown, with easy access to Boston—making it highly attractive for renters. Whether you’re expanding your portfolio or looking to live in one unit while collecting rents, this property delivers income, convenience, and long-term upside.
Open House Schedule
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Saturday, May 9, 202611:00 am to 1:00 pm5/9/2026 11:00:00 AM +00:005/9/2026 1:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,329
Year Built
- Built in 1918
Lot Details
- 6,199 Sq Ft Lot
- Fenced
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,274 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Living Room
- Range
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 9 Car Parking Spaces
- Driveway
- Paved Parking
- 9 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Porch
Location
- Property is near public transit and schools
Utilities
- 220 Volts
- High Speed Internet
Community Details
- 3 Units
- Shops
- Net Operating Income $72,600
Listing and Financial Details
- Assessor Parcel Number 2003984
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,692 | $839,000 | $203,600 | $635,400 |
| 2024 | $8,683 | $824,600 | $196,400 | $628,200 |
| 2023 | $7,970 | $714,800 | $154,800 | $560,000 |
| 2022 | $7,953 | $639,800 | $139,800 | $500,000 |
| 2021 | $7,539 | $578,600 | $124,000 | $454,600 |
| 2020 | $7,156 | $534,000 | $116,700 | $417,300 |
| 2019 | $6,801 | $475,600 | $98,600 | $377,000 |
| 2018 | $6,310 | $416,500 | $97,700 | $318,800 |
| 2017 | $6,012 | $385,400 | $86,000 | $299,400 |
| 2016 | $5,364 | $331,500 | $64,700 | $266,800 |
| 2015 | $4,834 | $288,600 | $61,500 | $227,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $1,000,050 | -- | $305 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $125,000 | -- | |
| Deed | $125,000 | -- | |
| Foreclosure Deed | $371,875 | -- | |
| Foreclosure Deed | $371,875 | -- | |
| Deed | $440,000 | -- | |
| Deed | $440,000 | -- | |
| Deed | $250,000 | -- | |
| Deed | $250,000 | -- | |
| Deed | $50,000 | -- | |
| Deed | $50,000 | -- | |
| Foreclosure Deed | $50,400 | -- | |
| Foreclosure Deed | $50,400 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $130,000 | No Value Available | |
| Closed | $130,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73514325
APN: LYNN-000070-000655-000015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.
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Ask me questions while you tour the home.