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.
Listing last checked: Listing updated:
Listed by The Lopes Group · J. Barrett & Company · MLS #73585149
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Details at a glance
Interior3 property facts
- Rooms
- 17
- Flooring
- Tile, Varies, Laminate
- Basement
- Yes · Full
Building5 property facts
- Style
- 3 Family
- Year built
- 1835
- Parking
- 6
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.13 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R3
Financial2 property facts
- Annual taxes
- $13,452
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,249,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,441 / monthAdjust
- Principal & interest
- $6,320
- Property tax
- $1,121
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $13,452. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,275,930
Estimated range $1,194,189–$1,357,670.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
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About 47 Broad St
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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