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29-35 Sagamore St 12 Unit Apartment Building $2,649,000 ($220,750/Unit) Lynn, MA 01902
Executive Summary
29-35 Sagamore Street presents a rare opportunity to acquire two adjacent, fully occupied 6-unit multifamily buildings in a highly desirable coastal neighborhood of Lynn. The properties consist of twelve total apartments comprised of six 2-bedroom / 1-bathroom units and six 1-bedroom / 1-bathroom units, along with 12+ off-street parking spaces and an on-site laundry facility. Located just moments from the beach, the asset benefits from strong tenant demand driven by its coastal setting, access to public transportation, and convenient connectivity to Boston and the North Shore. With all units occupied, 29-35 Sagamore Street presents a turnkey investment opportunity with immediate in-place income and long-term upside potential.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,649,000 | Building Class | C |
| Price Per Unit | $220,750 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 8,694 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | Parking Ratio | 1.38/1,000 SF |
| Zoning | R-5, Lynn | ||
| Price | $2,649,000 |
| Price Per Unit | $220,750 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,694 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R-5, Lynn |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Sprinkler System
- Basement
- Deck
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | LYNN-000081-000581-000010 | Improvements Assessment | $1,371,100 (2025) |
| Land Assessment | $984,000 (2025) | Total Assessment | $2,355,100 (2025) |
Property Taxes
Parcel Number
LYNN-000081-000581-000010
Land Assessment
$984,000 (2025)
Improvements Assessment
$1,371,100 (2025)
Total Assessment
$2,355,100 (2025)
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Contact the Sale Advisor
29-35 Sagamore St