Active

53 Days on market

15 Cannon Rock Road Lynn — Photo 1 of 41

Recent Drop: $900

$629,900

$629,000

Investment Analysis — 15 Cannon Rock Road

Lynn, MA 01904 — Ward 1

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01904 carries an estimated $3,080/mo in gross rent — about a 3.55% cap rate and $22,348/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,456

Style

Single Family

Built

1960

LOCATION! LOCATION! LOCATION! Welcome Home to 15 Cannon Rock Road in WARD 1!...Proudly owned by the same family for 66+ years, this charming Cape-style home offers timeless character, spacious rooms, and an unbeatable location...Featuring 3 bedrooms and 2 full bathrooms, the home offers hardwood floors throughout and a versatile layout with comfortable living spaces...The first floor features an eat-in, fully applianced kitchen with convenient mudroom, a dining room with hardwood floors, and a spacious living room with hardwood flooring, a beautiful bay/bow window, and a wood-burning fireplace. A first-floor bedroom with hardwood floors and a full bathroom with tub and shower complete this level...The second floor offers two generously sized bedrooms, each with double closets, along with a second full bathroom featuring a tub and shower...Additional features include updated electrical with circuit-breaker panel, Burnham heating system (2016), hot water tank (2016), and a newly paved driveway. The property provides off-street parking for 2–4 cars, a fenced-in 'private' yard, and a basement family room with walk-out access to the backyard with storage shed, ready for your finishing ideas...Conveniently located near Lynn Woods, Gannon Golf Course, Routes 1, 128, and 95, with easy access to Boston...A wonderful opportunity to own a well-loved home in a highly convenient location. A PLEASURE TO SHOW!!!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 728 sq ft (the lesser of 900 sq ft or half the 1,456 sq ft principal dwelling). Lot size: 10,084 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.