47 Broad Street, Lynn MA 01902

Lynn, MA 01902
$1,299,047
Est. $7,747/month
9
Beds
3
Baths
4,671
Sq Ft
$278
Price/Sq Ft
0.13
Acres
1835
Year Built
6
Parking
8 hours 5 minutes
Time on Market
Active Listed Aug 4, 2026 • MLS# 73559116 Copied! • Updated Aug 4, 2026

About this home

Exceptional opportunity to own a beautiful luxury three-family property offering 4,671± square feet of living space in the highly desirable Diamond Historic District of Lynn. The building was completely renovated within the last five years and has been meticulously maintained, offering a true turnkey investment.All three units feature condominium-quality finishes and include two off-street parking spaces per unit. The property is fully protected with a sprinkler system and a centrally monitored fire alarm system, providing enhanced safety and peace of mind.Each apartment offers a unique open-concept floor plan with spacious living areas, recessed lighting, living and dining rooms, and generously sized bedrooms. The units showcase elegant finishes, beautiful hardwood flooring throughout, and designer kitchens featuring abundant cabinetry, granite countertops, large center islands, and stainless steel appliances—perfect for everyday living and entertaining.The oversized modern bathrooms are tastefully designed with quality finishes, complementing the exceptional craftsmanship found throughout the property.Ideally located just minutes from shopping, restaurants, beaches, parks, public transportation, and major highways, this property combines luxury, convenience, and long-term investment potential.Whether you are an investor seeking a high-quality income-producing asset or an owner-occupant looking to offset your mortgage with rental income, this exceptional property offers an outstanding opportunity in one of Lynn's most sought-after neighborhoods.

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Recently Sold Nearby

Property History

Market Insights

61.5%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Aug 4, 2026
$1,299,047
Original listing
Agent: Gustavo Veloz Office: COM-PRO Real Estate Services, Inc
Previous Transaction - MLS #72522301
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 27, 2019
$500,000
MLS #72522301

Tax History

Year Taxes Assessment
2025 $11,741 $1,133,336

Financial Details

Annual Property Tax
$11,741
Tax Year 2025
Assessed Value
$1,133,336

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1835
Living Area 4,671 sq ft
Lot Size 0.13 acres
Bedrooms 9
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $3,200/mo · Y
Unit 2 Rent $3,200/mo · N
Unit 3 Rent $3,000/mo
Total Monthly Rent $9,400/mo
Gross Income $112,800
Net Operating Income $112,800
Cap Rate 8.68%
Heating Electric, Individual, Ductless, Central, Baseboard, Natural Gas
Cooling Other
Flooring Wood, Tile, Hardwood, Stone/ceramic Tile
Appliances Range, Dishwasher, Refrigerator, Microwave
Fireplace None
Basement Full, Interior Entry, Concrete
Laundry None
Features Ceiling Fan(s), Stone/granite/solid Counters, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Remodeled, Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street
Total Spaces 6
Electric 110 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, Varies Per Unit

Financial

Annual Tax $11,741
Assessed Value $1,133,336
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Exclusions All Personal Property
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1835
Bedrooms
9
Full Bathrooms
3
Living Area
4,671 sq ft
Total Rooms
15
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood, Tile, Hardwood, Stone/Ceramic Tile
Appliances: Range, Dishwasher, Refrigerator, Microwave
Interior Features: Ceiling Fan(s), Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Remodeled, Living Room, Kitchen
Windows:
Basement: Full, Interior Entry, Concrete
Laundry:
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Electric, Individual, Ductless, Central, Baseboard, Natural Gas
Cooling: Other
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
B-
KIPP Academy Lynn Charter School
0.7 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
The Hathaway School
1.0 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.0 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
St. Pius V Elementary School
1.3 mi
Grades PK-08
North Shore Christian School
1.9 mi
Grades PK-08
Sacred Heart Elementary School
1.9 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.6 mi
Grades PK-12
C-
E. J. Harrington Elementary School
0.1 mi | #717 of 824 | Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.3 mi | #688 of 824 | Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students Moderate
Rising School
Grades K-05
C-
Ingalls School
0.6 mi | #673 of 824 | Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.6 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.9 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B
Fredrick Douglass Collegiate Academy
0.4 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
0.7 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.9 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.9 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
D
Lynn English High School
0.9 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
C-
Classical High School
2.5 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $978
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

Interest
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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 Street, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Gustavo Veloz
Listing Office COM-PRO Real Estate Services, Inc
Office Phone 617-381-9010
Agent MLS ID BB981046
Office MLS ID B95159
Listing Data Updated Aug 4, 2026 6:43 PM 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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