Remodeled Residential Income
4-4a Broad Street Lynn, MA 01902
4-4a Broad Street, Lynn, MA, 01902
$1,190,000
For Sale
$1,190,000
Recently remodeled duplex with multiple units, basement coin laundry, and ample parking for up to eight vehicles.
Property Size4,089 SF
Price / SF$291.02
Days on Market70
Property Features for 4-4a Broad Street
General Information
- Standard status
- Active
- Size
- 4,089 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Atlantic Coast Homes,Inc
Listed by
David Potter
(617) 846-8000
Source
Highlandre
Added: May 13 Updated: Jul 20 at 5:26PM Checked: Jul 21 at 7:06AM
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 remodeled residential income duplex offers vinyl siding, fresh paint, new carpet, and luxury vinyl tile. A sprinkler system has been installed, and the property includes a basement coin-operated laundry. The separate carriage house is described as suitable for a protected ADU, providing an opportunity to add additional unit capacity.
The property is located on Broad Street in Lynn, MA, close to the beach and near a bus line to Boston on the street. Ample parking is provided with eight spaces.
At present, the owner indicates only one tenant is occupying a second-floor one-bedroom unit, with the remaining units left vacant during renovations to allow the new owner to select tenants. The property is listed as easy to show by appointment only.
The property is located on Broad Street in Lynn, MA, close to the beach and near a bus line to Boston on the street. Ample parking is provided with eight spaces.
At present, the owner indicates only one tenant is occupying a second-floor one-bedroom unit, with the remaining units left vacant during renovations to allow the new owner to select tenants. The property is listed as easy to show by appointment only.
Key Highlights
- Recently remodeled duplex with multiple units; new paint, new carpet, and luxury vinyl tile
- Owner‑installed sprinkler system to support reduced insurance rates
- Basement includes coin‑operated laundry for additional income
Local Financial Insights For Multifamily LT 5
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 | $125.1k | $30.60 |
| − Vacancy | −$7.7k | −$1.89 |
| EGI | $117.4k | $28.71 |
| − OpEx | −$35.2k | −$8.61 |
| NOI | $82.2k | $20.10 |
4,089 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,182 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.02M
$892.6K – $1.19M
NOI $71,410 @ 7.0% cap · market cap 6.00%
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
Duplexes
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FAQs
What type of property is this?
Duplex - Recently remodeled duplex with multiple units, basement coin laundry, and ample parking for up to eight vehicles.
Where is this duplex located?
The property is located at 4-4a Broad Street 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 duplex with multiple units; new paint, new carpet, and luxury vinyl tile; Owner‑installed sprinkler system to support reduced insurance rates; Basement includes coin‑operated laundry for additional income
