Multifamily Property with Carriage House
4-4A Broad St Lynn, MA 01902
4-4A Broad St, Lynn, MA, 01902
$1,190,000
For Sale
$1,190,000
Recently remodeled multifamily with 8 parking spaces, basement coin laundry, and a carriage house planned for an additional protected ADU.
Property Size4,089 SF
Price / SF$291.02
Days on Market77
Property Features for 4-4A Broad St
General Information
- Standard status
- Active
- Size
- 4,089 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Atlantic Coast Homes,Inc
(978) 777-4444
Listed by
David Potter · License #9519939
Source
Reishomesearch
Added: May 7 Updated: Jul 21 at 4:39PM Checked: Jul 21 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Coast Homes,Inc
Investment Insights
Based on property information with market context.
This investment multifamily has been recently remodeled and is ready to rent, with updates including vinyl siding, fresh paint, new carpet, and luxury vinyl tile. A sprinkler system is installed, and the basement includes coin-operated laundry. The property also includes a separate carriage house where a protected ADU is planned for an additional unit.
At present, one tenant occupies a second-floor one-bedroom unit, while the other units were left vacant to complete renovations and allow a new owner to select tenants. The home offers ample parking with 8 spaces and is described as being close to the beach, with a bus line to Boston available on the street. Easy to show by appointment only to provide investors time to review the opportunity.
At present, one tenant occupies a second-floor one-bedroom unit, while the other units were left vacant to complete renovations and allow a new owner to select tenants. The home offers ample parking with 8 spaces and is described as being close to the beach, with a bus line to Boston available on the street. Easy to show by appointment only to provide investors time to review the opportunity.
Key Highlights
- Recently remodeled multifamily with electric heat and shingle roof (year built 1900)
- 8 on‑site parking spaces
- Basement coin‑operated laundry for additional income
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.9k | $33.96 |
| − Vacancy | −$9.0k | −$2.21 |
| EGI | $129.8k | $31.75 |
| − OpEx | −$58.4k | −$14.29 |
| NOI | $71.4k | $17.46 |
4,089 SF · lease $33.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.6K – $1.19M
NOI $71,410 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,276 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Recently remodeled multifamily with 8 parking spaces, basement coin laundry, and a carriage house planned for an additional protected ADU.
Where is this multifamily property located?
The property is located at 4-4A Broad St Lynn, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Recently remodeled multifamily with electric heat and shingle roof (year built 1900); 8 on‑site parking spaces; Basement coin‑operated laundry for additional income
