Mixed-Use Building with Retail
7 Broad Street, Lynn, MA 01902
For Sale
Contact for pricing
Eight two-bedroom apartments sit above a pair of retail spaces in Lynn’s Diamond District.
Property SizeContact for details
Days on Market25
Property Features for 7 Broad Street
General Information
Standard status
Property subtype
Financials
Asking Price
Cap Rate
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Tenancy
Listing Agency:
North Shore Realty Advisors
Listed By:
Dan Pouladian · License #MA 423847
(617) 548-7737
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 6:13PM
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 North Shore Realty Advisors
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 Lynn property combines two retail storefronts with eight two-bedroom apartments, bringing residential and commercial space together in one mixed-use asset. The listed going-in cap rate is 6.3%; the offering materials describe a potential 9% cap rate following operational changes and rental adjustments.
The property is in Lynn’s Diamond District, near the beach, public transportation, restaurants, shopping, and commuter routes serving Boston.
The property is in Lynn’s Diamond District, near the beach, public transportation, restaurants, shopping, and commuter routes serving Boston.
Key Highlights
- Two retail storefronts and 8 two‑bedroom apartments
- Listed going‑in cap rate of 6.3%; offering materials cite a potential 9% after operational and rental changes
- Lynn’s Diamond District location near the beach, public transportation, dining, and shopping
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Essex County, MA
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight two-bedroom apartments sit above a pair of retail spaces in Lynn’s Diamond District.
Where is this mixed-use property located?
The property is located at 7 Broad Street Lynn, MA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Two retail storefronts and 8 two‑bedroom apartments; Listed going‑in cap rate of 6.3%; offering materials cite a potential 9% after operational and rental changes; Lynn’s Diamond District location near the beach, public transportation, dining, and shopping
