47 Broad St
$1,249,900
6
Beds
3
Baths
4,671
Sqft
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$1,249,900
6
Beds
3
Baths
4,671
Living Area
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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.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1835
- Parking Spots: 6
- Property Type: 3 Family
- Total Rooms: 17
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Range Hood, Microwave
- Construction: Frame
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full
- Flooring: Tile, Varies, Laminate
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R3
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Amenities
- Parking Features: Off Street
- Waterfront Features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,306,000
- Taxes: $13,452
- Tax Year: 2026
- Total Rent: $9,600
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of J. Barrett & Company.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.