47 Broad St, Lynn, MA 01902
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47 Broad St, Lynn, MA 01902
47 Broad St, Lynn, MA 01902
47 Broad St, Lynn, MA 01902
47 Broad St, Lynn, MA 01902
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Jeremy Bailey

Jeremy Bailey

+1(401) 402-0289
$ 1,249,900
Est. payment /mo
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47 Broad St Lynn, MA 01902

6 Beds

3 Baths

4,671 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,671 sqft

Price per Sqft $267

MLS Listing ID 73585149

Bedrooms 6

Full Baths 3

Year Built 1835

Annual Tax Amount $13,452

Tax Year 2026

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type 3 Family

Property 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.

Location

State MA

County Essex

Zoning R3

Direction Please use gps

Rooms

Basement Full

Interior

Interior Features Living Room, Kitchen

Flooring Tile, Varies, Laminate

Appliance Range, Dishwasher, Refrigerator, Range Hood, Microwave

Exterior

Utilities Available for Gas Range, for Electric Range, Varies per Unit

Waterfront Description Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 6

Garage No

Building

Lot Description Level

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Virtual Tour https://youtu.be/v_GsCb7YJF4

Listed by J. Barrett & Company

Nearby Locations

Jeremy Bailey

Jeremy Bailey

Broker License ID: RI, MA, CT

+1(401) 402-0289

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47 Broad St