
89 Broad Street #1 Lynn — Photo 1 of 29
$450,000
Investment Analysis — 89 Broad Street #1
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01902 carries an estimated $3,390/mo in gross rent — about a 4.91% cap rate and $22,073/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,271
Style
Condominium
Built
1923
This Lynn condo delivers an impressive amount of living space with four bedrooms, two full baths and a layout that feels bright, open and inviting. Hardwood flooring carries throughout the main living areas and bedrooms, while recessed lighting and abundant natural light enhance the open living room and kitchen. The kitchen features granite/stone counters, stainless steel appliances, gas cooking and a breakfast bar, creating a natural gathering space at the center of the home. A standout feature is the primary suite, complete with its own full bath and private exterior entrance, adding an extra level of flexibility and privacy. Central air, in-unit laundry, a new water heater and two deeded off-street parking spaces add even more value. Location is another major advantage, with downtown Lynn, the commuter rail and the beach all nearby, along with shopping, parks and other everyday amenities. With four bedrooms, a private primary suite and strong access to both the city and coastline, this condo offers a combination of space and location that is hard to find.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 15
Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Open Floorplan, Recessed Lighting
Kitchen
Lvl First11 x 10
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl First21 x 14
Bathroom - Full, Closet, Flooring - Hardwood, Cable Hookup, Exterior Access
Bedroom 2
Lvl First10 x 11
Bedroom 3
Lvl First13 x 11
Closet, Flooring - Hardwood, Cable Hookup
Bedroom 4
Lvl First12 x 12
Closet, Flooring - Hardwood, Cable Hookup
Bathroom 1
Lvl First4 x 8
Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First7 x 10
Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Listing Agent: Paul Coleman
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73582070








