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89 Broad Street #1 Lynn — Photo 1 of 29

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$450,000
Annual Taxes$4,551
HOA Fee$357.72

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Concrete, Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas, Other
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
Foundation--
ZoningR3

Property & Lot

Acres0.18
SqFt Lot7,967
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
Living Room
Lvl First

23 x 15

Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

11 x 10

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl First

21 x 14

Bathroom - Full, Closet, Flooring - Hardwood, Cable Hookup, Exterior Access

Bedroom 2
Lvl First

10 x 11

Bedroom 3
Lvl First

13 x 11

Closet, Flooring - Hardwood, Cable Hookup

Bedroom 4
Lvl First

12 x 12

Closet, Flooring - Hardwood, Cable Hookup

Bathroom 1
Lvl First

4 x 8

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

7 x 10

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup

Listing Provided By

Listing Agent: Paul Coleman

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73582070