1 / 41
INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 4,671 sqft |
| Lot size | 5,628 sqft |
| Year built | 1835 |
| Price / sqft | $268 |
| County | Essex |
| MLS # | 73585149 |
Listing status
| Days on market | 0 days |
| Listed on | October 1, 2026 |
Taxes & financials
| Annual property tax | $13,452 |
| Tax year | 2026 |
| Assessed value | $1,306,000 |
| Zoning | R3 |
| Gross income (actual) | $115,200/yr |
| Net operating income (actual) | $115,200/yr |
| Total actual rent | $9,600/mo |
Building & lot
| Stories | 3 |
| Total rooms | 17 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Tile, Varies, Laminate |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, Varies per Unit |
| Appliances | Range, Dishwasher, Refrigerator, Range Hood, Microwave |
Location
More about investing in Lynn →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 47 Broad St, Lynn MA 01902 have?
It is a 3-unit multi-family property with 4,671 sqft of living area, built in 1835.
How long has 47 Broad St, Lynn MA 01902 been on the market?
47 Broad St, Lynn MA 01902 has been listed for 0 days (since October 1, 2026).
What is the price per unit?
At a list price of $1,249,900 across 3 units, that works out to roughly $416,633 per unit.
What are the property taxes on 47 Broad St, Lynn MA 01902?
Annual property taxes are $13,452 (2026), on an assessed value of $1,306,000.
What is the price per square foot?
At $1,249,900 for 4,671 sqft, that's about $268 per square foot.
Is there parking?
6 total parking spaces (off street).
Where is this property located?
47 Broad St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
Similar multi-families
◆ 77
