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29-35 Sagamore St, Lynn, MA, 01902

18beds
12baths
8,694sqft
$2,649,000
$305price/sqft
$18,472/moest. monthly cost
$738,880/yrincome needed

About This Home

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.

Getting Around

87
WalkingVery Walkable
45
TransitSome Transit
66
BikeBikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone,Brick/Mortar
  • Roof: Rubber
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Family - 5+ Units Up/Down

Interior

Appliances

  • Appliances included: Range
  • Laundry features: Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 18
  • Bathrooms: 12
  • Full bathrooms: 12

Features

  • Lead Certification Available
  • Flooring: Wood,Carpet
  • Finished area above ground: 8,694

Heating

  • Heating features: Baseboard

Interior Area

  • Total structure area: 8,694
  • Total interior livable area: 8,694 sqft

Property

Details

  • Parcel number: 2002259
  • Zoning: 9

Features

  • Patio & porch: Porch
  • Waterfront features: Bay,Harbor,Ocean,Walk to,1/10 to 3/10 To Beach,Beach Ownership(Public)

Lot

  • Lot size: 0.26 Acres
  • Features: Gentle Sloping

Parking

  • Total spaces: 12
  • Parking features: Paved Drive,Shared Driveway,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 12

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,394$160,728
Home Insurance *$1,113$13,356
Property Taxes $2,251$27,012
Electricity $1,714$20,572
Total$18,472$221,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$633,325/yr
40% on housing$554,160/yr
45% on housing$492,586/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$305This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$273
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01902$383
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-28Listed for sale$2,649,000

For Sale by Agent

AgentDaniel Alper
BrokerageBoston Realty Advisors

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