MLS #73585149 image #0
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.
Current real estate data for Multi Family in Lynn as of Oct 12, 2026
74
Multi Family Listed
126
Avg DOM
308
Avg $ / SqFt
$1,413,830
Avg List Price

Property Details

Price:
$1,249,900
MLS #:
73585149
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Oct 1, 2026
Finished Sq Ft:
4,671
Total Sq Ft:
4,671
Lot Size:
5,628 sqft / 0.13 acres (approx)
Year Built:
1835
Units:
3

Schools

Interior

Above Grade Finished Area
4671
Appliances
Range, Dishwasher, Refrigerator, Range Hood, Microwave
Bathrooms
3 Full Bathrooms
Flooring
Tile, Varies, Laminate
Interior Features
Living Room, Kitchen
Levels
3

Exterior

Construction Materials
Frame
Lot Features
Level
Open Parking Spaces
6
Parking Features
Off Street
Parking Spots
6
Parking Total
6
Patio And Porch Features
Deck, Covered
Roof
Shingle
Stories
3
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)

Financial

Net Operating Income
$115,200
Tax Year
2026
Taxes
$13,452

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Property Summary

    47 Broad St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $1,249,900 To schedule a showing of MLS#73585149 at 47 Broad St in Lynn, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
47 Broad St
Lynn, MA