Investment Analysis — 43 Broad St

Lynn, MA 01902

Based on rent reported on the MLS listing, a 2-unit multi-family in 01902 carries $5,900/mo in gross rent — about a 5.53% cap rate and $41,443/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

2,268

Style

2 Family - 2 Units Up/Down

Built

1823

Rare opportunity to acquire a stabilized mixed-use income property with long-term commercial tenancy, residential income and off-street parking, conveniently located near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach. The first floor is occupied by a convenience store paying $3,000/month with a 10-year lease and 5-year option, while the second-floor 3-bedroom, 1-bath residential unit rents for $2,900/month. The property also offers 4 off-street parking spaces, a full basement and convenient access to public transportation, including MBTA bus service and the Lynn commuter rail station, as well as shopping, parks and major routes. Ideal for an investor seeking established income or a future owner-occupant. The residential unit is currently occupied by a tenant at will. The neighboring 47 Broad Street is also available separately for $1,249,900, offering three 3-bedroom, 1-bath units, all currently occupied by tenants at will at $3,200/month each, plus 6 off-street parking spaces. Property sold as-is; buyer/buyer’s agent to perform due diligence.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.