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Est. Mortgage: $/month

Federal 30-year interest rate: 6.65% last updated on 2026-08-20

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55 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 0190255 Broad Street Lynn MA 01902
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  • 28Bedrooms
  • 18Bathrooms
  • 14,226Square Feet
55 Broad Street in Lynn, Massachusetts is a brick garden-style apartment building built in 1974 and consists of 18 units, 20 surface parking with on-site laundry facility. The property boasts an attractive unit-mix which consists of one (1) Studio, eleven (11) one-bedroom units and six (6) two-bedroom units. The total rentable square footage is 14,226 with a total gross square footage of 15,393 and situated on a tree lined corner lot of .36 acres (15,582 square feet). 55 Broad offers investors a strong rental history and the opportunity to bring undervalued rents to market through strategic renovations of the apartments. The current ownership has completed many capital improvements, such as replacement of high-efficient dual boilers and storage tank, varying unit renovations, parking lot retaining wall and repaving/striping, replacement of 75% of patio sliders and rear entrance stairs.
Listed by Dan Pouladian of North Shore Realty Advisors

Listing Sold by North Shore Realty Advisors

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Basic Information

  • Gross Income $398,010
  • Lot Features Corner Lot, Level
  • Mls StatusSold
  • Parcel Number 2002809

Location

  • Address55 Broad Street
  • Building Number55
  • CountyEssex
  • NeighborhoodDiamond District
  • StateMA
  • StreetBroad Street
  • SubdivisionDiamond District
  • TownLynn
  • Zip01902

Interior

  • Flooring Vinyl, Hardwood
  • Interior Features Laundry Room

Utilities

  • Electric Circuit Breakers
  • Electric Expense 284
  • Sewer Public Sewer
  • Water Source Public

Water Body

  • Miles to Beach0.5
  • Waterfront Features Beach Front, Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Other

  • Buyer Agency Compensation1%
  • Date Listed12/06/2023
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $3,085,600
  • Tax Year 2023
  • Taxes$34,404

Rooms

  • Bathroom18
  • Bathrooms Total Decimal 18
  • Bedrooms28
  • Full Bath18

Building

  • Building Area Units Square Feet
  • Construction Materials Frame, Brick, Stone
  • FoundationSlab
  • Foundation Area 4735
  • Patio And Porch Features Patio
  • Rooms58
  • Stories3
  • Units18
  • Utilities For Electric Range
  • Year Built1974
  • Year Built Details Actual
  • Year Built Source Public Records

Amenities

  • Accessibility Features Accessible Entrance
  • AmenitiesPublic Transportation, Shopping, Walk/Jog Trails
  • Green Energy Efficient Varies per Unit
  • Other AmenitiesBeachfront, Garden

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Assigned, Paved
  • Parking Spaces20

Basic Information

  • GO-List Price$4,100,000
  • MLS Number73185432
  • Modification Date03/13/2024
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date12/20/2023
  • Sale Date03/13/2024
  • Sale Price$4,200,000

Property

  • Acreage0.36

Exterior

  • Exterior Features Balcony, Rain Gutters
  • RoofShingle, Rubber

Property Information

  • Building Area Source Public Records
  • Living Area 14,226
  • Lot Size Square Feet 15,582
  • Lot Size Units Acres
  • Square Feet14,226

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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