Active
80 Days on market
87 Broad St #3 Lynn — Photo 1 of 26

87 Broad St #3 Lynn — Photo 1 of 26

Recent Drop: $25,000

$449,900
$424,900

$424,900

Investment Analysis — 87 Broad St #3

Lynn, MA 01902

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01902 carries an estimated $3,080/mo in gross rent — about a 4.80% cap rate and $20,408/yr in estimated NOI at the $424,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,244

Style

Condominium

Built

1900

Great value for a 3 bedroom, 2 full bathroom, pet friendly condo in Lynn with 2 assigned parking spaces! Spacious, updated, and perfectly located — this 3-bedroom, top floor condo checks every box. With over 1,200 square feet of living space, high ceilings, and hardwood floors throughout, the layout feels open and inviting from the moment you arrive, and best of all there is no one above you to make noise. The kitchen has been thoughtfully updated with quartz countertops, upgraded cabinets, and modern appliances. Separate living and dining areas offer flexibility for any lifestyle, and a covered balcony and shared yard extend your living space outdoors. Two assigned parking spaces add everyday practicality, while the pet-friendly association ensures the whole family is welcome. Set back from the road and nestled between a church and a school, you're less than half a mile to the beach, a block from the commuter rail to Boston, and within easy reach of great restaurants and shops. A rare find at this size and location.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$449,900
Annual Taxes$3,893
HOA Fee$315.7

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingNatural Gas
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningR5

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood

Master Bedroom
Lvl First

Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bathroom 2
Lvl First

Bathroom - With Shower Stall

Property History

Price Drop
$424,900

Was $429,900

Aug 20, 2026

MLS® 73541156

Price Drop
$429,900

Was $449,900

Jul 15, 2026

MLS® 73541156

Listed
$449,900

Jun 24, 2026

MLS® 73541156

Listing Provided By

Listing Agent: Bob Raiche

Listing Office: LAER Realty Partners

MLS® Number: 73541156