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47 Broad St 01902, Lynn

$1,249,900

For Sale

4671 SqFt

Size

9

Bedrooms

3

Bathrooms

73585149

Property Id

Property image 1
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Description

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.

Address

Address47 Broad St 01902 Lynn, MA
CountryUS
Property Type

Residential Income

Property Class

ResidentialProperty

Style

3 Family

Transaction Type

Sale

Year Built

1835

Total Rooms

17

Bedrooms

9

Bathrooms (Full)

3

Square Feet

4,671 sqft

Lot Size

5,628 sqft

Flooring

Tile, Varies, Laminate

Parking

6

Total Rooms

17

Bedrooms

9

Full Bathrooms

3

Flooring

Tile, Varies, Laminate

Appliances

Range, Dishwasher, Refrigerator, Range Hood, Microwave

Basement

Full

List Price

$1,249,900

Original Price

$1,249,900

Price per Sqft

$268

Annual Property Taxes

$13,452

Tax Assessment Year

2026

Monthly Tax Estimate

$1,121

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