facebook
Traded Co logo
Submit

Máximo Duarte Purchases 29 Hanover Street Multifamily In Lynn Massachusetts For $1.45M With Brian Martinez As The Broker

Property Image
SOLD
$1,450,000

Massachusetts

See Similar Deals
MultiFamily6,300 SF
Sold 12/16/2025
the dealplayerscompscontact
Property Image
SOLD

Máximo Duarte Purchases 29 Hanover Street Multifamily In Lynn Massachusetts For $1.45M With Brian Martinez As The Broker

29 Hanover Street

See Similar Deals
MultiFamily6,300 SF
Sold 12/16/2025
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:6,300 SF
Transaction Type:Sale

29 Hanover Street, located in Lynn, MA, is a multifamily property consisting of six units. The asset was sold for $1,450,000 and offers a total of 6,300 square feet, with a price per unit of $241,666 and a price per square foot of $230. It includes five two-bedroom units and one three-bedroom unit, presenting a value-add opportunity within the local rental market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Units: 6
  • Price Per Unit: $241,666
  • Square Footage: 6,300
  • Price Per Square Foot: $230
  • Buyer: Máximo Duarte
  • Seller: Emanuel Argiros
  • Broker: Brian Martinez - Com-Pro Real Estate Services

Brian Martinez of Com-Pro Real Estate Services successfully facilitated this transaction, representing the broker's interests in the sale. The deal highlights the strong positioning of the property in a supply-constrained rental market, which can lead to potential income growth through rent increases.

Players

Brian Martinez
Com-Pro Real Estate Services
Brian Martinez
5 deals$10.1M volume(857) 756-0295
BROKER
Com-Pro Real Estate Services
Com-Pro Real Estate Services
BROKERAGE

Details

SOLD
IMAGE: Brian Martinez DATE: 12/16/2025 ADDRESS: 29 Hanover Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: Máximo Duarte SELLER: Emanuel Argiros BROKER: Brian Martinez (@BMartinez_95) - Com-Pro Real Estate Services SALE PRICE: $1,450,000 UNITS: 6 ~ PPU: $241,666 SF: 6,300 ~ PPSF: $230 NOTE FROM BROKER: Brian Martinez of COM-PRO Real Estate Services, Inc. successfully brokered the sale of 29 Hanover Street, a well-located six-unit multifamily property. The dwelling is comprised of five two-bedroom units and one three-bedroom unit. The asset presents a compelling value-add opportunity, driven by the ability to implement incremental rent increases within a high-demand, supply-constrained rental market. The property’s unit mix and market positioning offer strong fundamentals for both income growth and long-term appreciation. áximoDuarte

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88