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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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
Property History
Market Insights
60%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Oct 1, 2026
$1,249,900
Original listing
Agent: The Lopes Group
Office: J. Barrett & Company
Previous Transaction - MLS #72522301
Full transaction history available when tracking began
Previously Sold
Jun 27, 2019
$500,000
MLS #72522301
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2026 | 🏠 Listed for Sale | $1,249,900 | - | - | Original listing |
| 06/27/2019 | 🏷️ Previously Sold | $500,000 | - | - | MLS #72522301 |
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
6
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%
Interior
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
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Covered
Parking
Features
Off Street
Total Spaces
6
Utilities
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
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.
Additional Details
Possession
None
Accepted Financing
Contract
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
6
Full Bathrooms
3
Living Area
4,671 sq ft
Total Rooms
17
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,671 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck, Covered
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Heating, Cooling & Utilities
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 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
Elementary Schools
10 schools
B-
KIPP Academy Lynn Charter School
0.7 mi
|
#203 of 346
|
Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 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
|
#292 of 346
|
Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students
Moderate
Early College Program
High Graduation Rate
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
27 students
Diverse
Grades PK-12
C-
E. J. Harrington Elementary School
0.1 mi
|
#721 of 825
|
Score: 34.3
Improved 72 spots from last year
-23.9 below state avg
685 students
Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.3 mi
|
#667 of 825
|
Score: 37.5
Improved 122 spots from last year
-20.7 below state avg
330 students
Moderate
Rising School
Grades K-05
C-
Ingalls School
0.6 mi
|
#672 of 825
|
Score: 37.2
Improved 126 spots from last year
-21 below state avg
620 students
Less Diverse
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.6 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.9 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
6 schools
B+
Fredrick Douglass Collegiate Academy
0.4 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 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
259 students
Moderate
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
98 students
Moderate
Rising School
Career Tech Programs
Strong Attendance
Grades 09-12
D
Lynn English High School
0.9 mi
|
#315 of 346
|
Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 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
|
#304 of 346
|
Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Property Tax
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Homeowners Insurance
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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 1, 2026 11:55 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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