55 Broad Street in Lynn, Massachusetts is a brick garden-style apartment building built in 1974 and consists of 18 units, 20 surface parking with on-site laundry facility. The property boasts an attractive unit-mix which consists of one (1) Studio, eleven (11) one-bedroom units and six (6) two-bedroom units. The total rentable square footage is 14,226 with a total gross square footage of 15,393 and situated on a tree lined corner lot of .36 acres (15,582 square feet). 55 Broad offers investors a strong rental history and the opportunity to bring undervalued rents to market through strategic renovations of the apartments. The current ownership has completed many capital improvements, such as replacement of high-efficient dual boilers and storage tank, varying unit renovations, parking lot retaining wall and repaving/striping, replacement of 75% of patio sliders and rear entrance stairs.
Sold for $4,200,000
$4,200,000
55 Broad St, Lynn, MA 01902
28beds
14,226sqft
5+ Family - 5+ Units Up/Down
Built in 1974
-- sqft lot
$-- Zestimate®
$295/sqft
$2,428 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,428/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Dan Pouladian 617-548-7737,
North Shore Realty Advisors 617-548-7737,
Sara Pouladian 617-910-6646
Bought with:
Dan Pouladian
North Shore Realty Advisors
Source: MLS PIN,MLS#: 73185432
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 18
- Full bathrooms: 18
Features
- Laundry Room
- Flooring: Vinyl, Hardwood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 14,226
- Total interior livable area: 14,226 sqft
Property
Parking
- Total spaces: 20
- Parking features: Paved Drive, Off Street, Assigned, Paved
- Uncovered spaces: 20
Accessibility
- Accessibility features: Accessible Entrance
Features
- Patio & porch: Patio
- Exterior features: Balcony, Rain Gutters
- Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.36 Acres
- Features: Corner Lot, Level
Details
- Foundation area: 4735
- Parcel number: 2002809
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame, Brick, Stone
- Foundation: Slab
- Roof: Shingle,Rubber
Condition
- Year built: 1974
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Green energy
- Energy efficient items: Varies per Unit
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Walk/Jog Trails
Location
- Region: Lynn
HOA & financial
Other financial information
- Total actual rent: 32767
Price history
| Date | Event | Price |
|---|---|---|
| 2/8/2025 | Listing removed | $2,600 |
Source: Zillow Rentals Report a problem | ||
| 2/4/2025 | Listed for rent | $2,600+57.6% |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Sold | $4,200,000+2.4%$295/sqft |
Source: MLS PIN #73185432 Report a problem | ||
| 12/6/2023 | Listed for sale | $4,100,000$288/sqft |
Source: MLS PIN #73185432 Report a problem | ||
| 10/11/2017 | Listing removed | $1,650 |
Source: Harbor Management Report a problem | ||
| 9/29/2017 | Listed for rent | $1,650 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $40,954 +11.5% | $3,953,100 +13.4% |
| 2024 | $36,718 +6.7% | $3,487,000 +13% |
| 2023 | $34,404 | $3,085,600 |
| 2022 | $34,404 -1.2% | $3,085,600 +15.4% |
| 2021 | $34,830 +2.1% | $2,673,100 +5% |
| 2020 | $34,127 +9.4% | $2,546,800 +16.7% |
| 2019 | $31,205 +11.7% | $2,182,200 +18.3% |
| 2018 | $27,938 +6.1% | $1,844,100 +9.2% |
| 2017 | $26,333 +0.2% | $1,688,000 +3.9% |
| 2016 | $26,293 +19.5% | $1,625,000 +23.7% |
| 2015 | $22,003 +6.5% | $1,313,600 +8.9% |
| 2014 | $20,667 +3.5% | $1,206,500 +2.3% |
| 2013 | $19,964 +7.1% | $1,179,200 +3% |
| 2012 | $18,641 -1.3% | $1,145,000 -1.6% |
| 2011 | $18,883 0% | $1,164,200 -4.3% |
| 2010 | $18,884 +9.1% | $1,216,000 -10.5% |
| 2009 | $17,316 +13.7% | $1,359,200 -2% |
| 2008 | $15,236 -0.6% | $1,387,600 -5.9% |
| 2007 | $15,333 +7.3% | $1,474,300 +2.6% |
| 2006 | $14,284 +10.9% | $1,437,000 +13.6% |
| 2005 | $12,880 +9.3% | $1,265,200 +22.7% |
| 2004 | $11,783 +2.5% | $1,030,900 +18.4% |
| 2003 | $11,501 +14.7% | $870,600 +43% |
| 2001 | $10,024 +10.4% | $609,000 +19% |
| 1999 | $9,076 -5.7% | $511,900 -10.8% |
| 1995 | $9,624 | $574,200 |
Find assessor info on the county website
Neighborhood: 01902
Nearby schools
GreatSchools rating
- 4/10Harrington Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 0.6 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.9 mi
- Massachusetts
- Essex County
- Lynn
- 01902
- 55 Broad St
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