47 Broad St, Lynn MA 01902

Lynn, MA 01902
$1,249,900
Est. $7,641/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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9
Beds
3
Baths
4,671
Sq Ft
$268
Price/Sq Ft
0.13
Acres
1835
Year Built
6
Parking
26
Days on Market
Sale Pending Listed Oct 1, 2026 • MLS# 73585149 Copied! • Updated Oct 28, 2026

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About this home

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.

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Recently Sold Nearby

Price & Status History

Market Insights

Property Timeline

📋
Status: Active under contract
Oct 15, 2026
Active → Active Under Contract
⏳
Pending Sale
Oct 8, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Oct 1, 2026
$1,249,900
Original listing
Agent: The Lopes Group Office: J. Barrett & Company

Tax History

Year Taxes Assessment
2026 $13,452 $1,306,000

Financial Details

Annual Property Tax
$13,452
Tax Year 2026
Assessed Value
$1,306,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1835
Living Area 4,671 sq ft
Lot Size 0.13 acres
Stories 3
Bedrooms 9
Full Baths 3
Total Rooms 17

Investment Metrics

Units 3
Unit 1 Rent $3,200/mo · N
Unit 2 Rent $3,200/mo · N
Unit 3 Rent $3,200/mo · N
Total Monthly Rent $9,600/mo
Gross Income $115,200
Net Operating Income $115,200
Cap Rate 9.22%
Heating None
Cooling None
Flooring Tile, Varies, Laminate
Appliances Range, Dishwasher, Refrigerator, Range Hood, Microwave
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck, Covered
Features Off Street
Total Spaces 6
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, Varies Per Unit

Financial

Annual Tax $13,452
Assessed Value $1,306,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Seller/sellers Agents Make No Warranties/representations, Property Is Being Sold As Is, Buyer/buyers Agent Responsible For Due Diligence. Appliances Left As Gifts.
Possession None
Accepted Financing Contract
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 27 days

Property Overview

Property Type
3 Family
Listing Type
Sale Pending
Year Built
1835
Bedrooms
9
Full Bathrooms
3
Living Area
4,671 sq ft
Total Rooms
17
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Tile, Varies, Laminate
Appliances: Range, Dishwasher, Refrigerator, Range Hood, Microwave
Interior Features: Living Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1835
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water: Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck, Covered
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Off Street

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,121
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Save $0/mo
Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

47 Broad St, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent The Lopes Group
Listing Office J. Barrett & Company
Office Phone 978-922-3683
Agent MLS ID TM326374
Office MLS ID AC2087
Listing Data Updated Oct 28, 2026 8:03 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steve Novak Real Estate
Steve Novak Real Estate
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