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Sold on 08/09/2024
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303 Broadway, Lynn, MA 01904

$4,169,000

Last sold 08/09/2024 for $3.8M

  • 29

    bed

  • 17

    bath

  • 12,528

    Sqft ($303/Sqft)

Multi-family not for sale
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About 303 Broadway

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Property description
303 Broadway is a three-story brick building containing 17 units comprised of (12) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. The Property also features storage in the basement for tenants, an on-site laundry facility, and parking for 17 vehicles. The Property is separately metered for electricity and gas fired heat (hot water baseboard) which the tenants pay, the Landlord pays for common area electric, hot water, and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Listed by
Listing Agent - Dennis Kelleher
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#73269528 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 8 minutes ago
Overview
Levels/Style 3
MLS # 73269528
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 12528
Lot Size (SqFt) 11369
Lot Size (Acres) 0.26
Annual Property Tax 34602
Year Built 1970
Interior
Total # of Bathrooms 17
# Full Baths 17
Total # of Bedrooms 29
Total # of Rooms 63
Exterior
Foundation Brick/Mortar
Roof Shingle
Parking Desc Paved Drive, Off Street, Assigned
# Parking Spaces 17
Amenities / Utilities
Sewer Public Sewer
Electricity Individually Metered
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House Of Worship, Private School, Public School
Zoning BD
APN 1988596
Directions Please Use GPS
Multifamily Details
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)
Net Operating Income 204223
Operating Expense 132557
Total Actual Rent 27810
Gross Income 336780
$4.16M
Range: $2.91M-$5.41M
Last 30 days 
  • Oct 2024
    mls logo MLS # 73269528
  • Oct 28, 2024 Sold
    $3,800,000 (-5.0%)
  • Jul 25, 2024 Listed
    $4,000,000 (+514.6%)
  • Jun 2001
    Public Records
  • Jun 19, 2001 Sold
    $650,880
  • Year Property taxes Tax assessment
  • 2025
    $34,044 -1.6%
    $3,286,100
  • 2024
    $34,602 +6.6%
    $3,286,000 +12.91%
  • 2023
    $32,451 +14.3%
    $2,910,400 +27.37%
  • 2022
    $28,403 -1.2%
    $2,285,000 +3.6%
  • 2021
    $28,739 +2.0%
    $2,205,600 +4.92%
  • 2020
    $28,169
    $2,102,200
  • 303 Broadway
    $3.8M
  • Parkland Avenue
    $724K +31% y/y
  • 01904
    $640K +16% y/y
  • Lynn
    $545K +3% y/y
No chart available
Statistics calculated by Movoto

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3/10
Edward A. Sisson Elementary School
public Grades PK, K-5
Lynn School District
N/A
William R Fallon Elementary School
public Grades 1-5
Lynn School District
3/10
Pickering Middle School
public Grades 6-8
Lynn School District
1/10
Fecteau-Leary Junior/Senior High School
public Grades 6-12
Lynn School District
Source: GreatSchools.org © 2026. All rights reserved.

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