4 Broad St Lynn, MA 01902
Diamond District NeighborhoodEstimated payment $7,218/month
Highlights
- Beach Front
- Porch
- Living Room
- Wood Flooring
- Bathtub
- 4-minute walk to Goldfish Pond Park
About This Home
This investment checks off all of the boxes: Recently remodelled and ready to rent to your own hand picked tenants now for great income, and also build out a protected ADU in the separate carriage house for an additional unit. Ample parking (8 spaces), vinyl siding, fresh paint, new carpet and luxury vinyl tile. Sprinkler system installed for reduced insurance rates. Potential of $13-14,000 total monthly income including the ADU, and $11-11,500 in current state. Coin operated laundry in basement for even more income. Currently only one tenant occupying a second floor one bedroom unit, as the owner left the others vacant to renovate and allow the new owner to hand pick their own tenants. Great location, close to beach, bus line to Boston on street. Easy to show, but shown by appointment only to allow investors ample time to focus on this opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,320
Year Built
- Built in 1900
Lot Details
- 7,298 Sq Ft Lot
- Beach Front
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 4,089 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Living Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
- Bathtub
- Separate Shower
Parking
- 8 Car Parking Spaces
- Driveway
- 8 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- Heating Available
- 220 Volts
Community Details
- 4 Units
- Net Operating Income $132,000
Listing and Financial Details
- Rent includes unit 1(water hot water), unit 2(gas water hot water), unit 3(gas water hot water), unit 4(gas water hot water)
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,179 | $1,175,600 | $203,700 | $971,900 |
| 2024 | $12,108 | $1,149,900 | $194,900 | $955,000 |
| 2023 | $11,055 | $991,500 | $208,400 | $783,100 |
| 2022 | $10,268 | $826,100 | $162,700 | $663,400 |
| 2021 | $10,264 | $787,700 | $133,300 | $654,400 |
| 2020 | $9,994 | $745,800 | $137,100 | $608,700 |
| 2019 | $0 | $599,800 | $105,800 | $494,000 |
| 2018 | $0 | $575,500 | $118,900 | $456,600 |
| 2017 | $0 | $526,900 | $104,400 | $422,500 |
| 2016 | $6,264 | $462,500 | $87,200 | $375,300 |
| 2015 | $6,264 | $379,700 | $92,300 | $287,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2026 05/15/26 | For Sale | $1,190,000 | +78.9% | $291 / Sq Ft | |
| 05/14/2018 05/14/18 | Sold | $665,000 | +2.3% | $196 / Sq Ft | View Prior Sale |
| 03/27/2018 03/27/18 | Pending | -- | -- | -- | |
| 03/21/2018 03/21/18 | For Sale | $649,900 | -- | $192 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73520240
APN: LYNN B:081 L:578 S:023
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Ask me questions while you tour the home.