
87 Broad St #3 Lynn — Photo 1 of 26
Recent Drop: $25,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood
Master Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl FirstBathroom - With Shower Stall
Property History
$424,900
Was $429,900
Aug 20, 2026
MLS® 73541156
$429,900
Was $449,900
Jul 15, 2026
MLS® 73541156
$449,900
Jun 24, 2026
MLS® 73541156
Listing Agent: Bob Raiche
Listing Office: LAER Realty Partners
MLS® Number: 73541156
