Two-Unit
431 Broadway, Lynn, MA 01904
For Sale
$799,999
The two-unit layout includes five bedrooms and two full bathrooms across the property.
Property Size2,574 SF
Price / SF$310.80
Days on Market15
Property Features for 431 Broadway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Skylimit Real Estate LLC
(857) 477-7033
Listed By:
Salvador Rivas Hernandez
(781) 244-9744
Source:
Churchillprop
Added: Oct 30
Changed: Nov 12
Last Checked: Nov 12 at 4:31AM
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 Skylimit Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built duplex contains 2,574 square feet across two units, with a combined five bedrooms and two full bathrooms. Interior spaces include living rooms, dining areas, kitchens, laundry rooms, and an office or den. Hardwood flooring is noted, and the property has a paved driveway with off-street parking.
The property occupies a 0.14-acre lot at 431 Broadway in Lynn, Massachusetts. R1 zoning is listed for the site.
The property occupies a 0.14-acre lot at 431 Broadway in Lynn, Massachusetts. R1 zoning is listed for the site.
Key Highlights
- Two‑unit duplex with 2,574 square feet
- Five bedrooms and two full bathrooms in total
- Built in 1920 on a 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,733
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,660
$1.0M
Cap Rate 7%
$739,043
$739.0K
Cap Rate 9%
$574,811
$574.8K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$78.8K $30.60/SF
− Vacancy
−$4.9K −$1.89/SF
EGI
$73.9K $28.71/SF
− OpEx
−$22.2K −$8.61/SF
NOI
$51.7K $20.10/SF
Area
Lynn, MA
Vacancy
6.17%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,660
Cap Rate 7%
$739,043
Cap Rate 9%
$574,811
Alternative Uses
Best Use
Multifamily LT 5
$739.0K
$646.7K – $862.2K
NOI $51,733 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$910.8K
$796.9K – $1.06M
NOI $63,753 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 01904, MA
19,944
Population
7,322
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
4,749
Density / Sq Mi
$100,597
Median Household Income
$49,561
Median Earnings
$1,742
Median Rent
$515,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Lynn, MA
Properties on Market for Duplexes in Lynn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes five bedrooms and two full bathrooms across the property.
Where is this duplex located?
The property is located at 431 Broadway Lynn, MA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,574 square feet; Five bedrooms and two full bathrooms in total; Built in 1920 on a 0.14‑acre lot
