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Active

47 Broad St, Lynn MA 01902

$1,249,900

Estimated $3,148/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $416,633.33

Total Rent: 115200/year

Estimated CAP Rate:

6 Bedrooms

Baths

4671

Total Parking: 6

5,628 (0.13)

Prime opportunity to acquire a fully income-producing 3-family with strong rents, off-street parking and the added option to purchase the adjacent mixed-use property at 43 Broad Street, creating a rare side-by-side investment opportunity near Lynn’s Diamond District and shoreline. Each unit offers 3 bedrooms and 1 full bath and is currently rented for $3,200/month, generating $9,600/month / $115,200 annually in gross rent. The property also features a full basement, rear decks/covered outdoor space and 6 off-street parking spaces. Ideal for an investor looking to expand a portfolio or a future owner-occupant seeking to offset housing costs with rental income. All residential units are currently occupied by tenants at will. The neighboring 43 Broad Street is also available separately for $749,900, offering a first-floor convenience store with a long-term lease, a 3-bedroom residential unit and 4 off-street parking spaces. Conveniently located near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach, with easy access to public transportation, MBTA bus service, the Lynn commuter rail station, shopping, parks and major routes. Property sold as-is; buyer/buyer’s agent to perform due diligence.

This home has been viewed 2 times

Last Checked: October 1st, 2026 at 9:08pm (Source: MLS PIN #73585149)

Gross Income: $115,200

Gross Expenses: $13,452

Net Income Calc: $101,748

Annual Expenses for 47 Broad St, Lynn MA 01902

Total Gross Expenses (Calculated)$13,452/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13452

Annual Income & Unit Breakdown for 47 Broad St, Lynn MA 01902

Total Gross Income (Calculated)$115,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 47 Broad St, Lynn MA 01902

Listing ID73585149

Property TypeMulti Family / 3 Family

Price1249900 ($267.59/SqFt)

Style3 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total4671

Approximate Lot Size (Acres)0.13

Total Parking6

Garage Parking0

Year Built1835

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 47 Broad St, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRequest Details

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 47 Broad St, Lynn MA 01902

Real Estate Taxes13452

Tax Year2026

Assessed Value$1,306,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 47 Broad St, Lynn MA 01902

Neighborhood(s)

Area Amenities

Contact Information for 47 Broad St, Lynn MA 01902

Agent

Name: The Lopes Group

Office

Name: J. Barrett & Company

Phone: 978-922-3683

Team Members

Payment Calculator

, Interest

Property Taxes 1121

Principal & Interest 7701.49

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Barrett & Company

The Lopes Group

Agent Phone

Office Phone

(978) 922-3683

Text Agent Call Agent Call Office

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    [unparsed] => 47 Broad St, Lynn MA 01902
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EXIT

38 More Photos

Active

47 Broad St, Lynn MA 01902

$1,249,900

Annual Expenses for 47 Broad St, Lynn MA 01902

Annual Income & Unit Breakdown for 47 Broad St, Lynn MA 01902

General Information for 47 Broad St, Lynn MA 01902

Disclosures for 47 Broad St, Lynn MA 01902

Financial Information for 47 Broad St, Lynn MA 01902

Location Information for 47 Broad St, Lynn MA 01902

Contact Information for 47 Broad St, Lynn MA 01902

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

J. Barrett & Company

The Lopes Group