Active Under Contract

69 Days on market

17 Basset St Lynn — Photo 1 of 41

Recent Drop: $10,000

$585,000

$575,000

Investment Analysis — 17 Basset St

Lynn, MA 01902

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01902 carries an estimated $3,390/mo in gross rent — about a 4.28% cap rate and $24,612/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,985

Style

Single Family

Built

1900

Charming Victorian in Lynn's Diamond District just blocks from the Ocean and Red Rock Park, historic waterfront park with expansive beaches. Home features 4 bedrooms, 1.5 baths, gracious entry foyer with reading nook and closet leading to open floor plan with high ceilings & large windows in Living Room with gas fireplace and Dining Room with built-in China Closet, wonderful for entertaining and day to day living. Kitchen is fully applianced with peninsula breakfast bar, pantry and garden window. Covered porch off living room is a relaxing spot to read or enjoy/host an outside meal. Second floor has large Primary Bedroom and 2 other large bedrooms. One of bedrooms has patio doors to second floor balcony/deck for more outside living and star-gazing. Full bath features a tiled shower, large soaking tub and storage. The third floor provides additional living space as an office/library plus the 4th bedroom. Electrical 200 amp service updated in 2021. Forced hot air heating, new in 2023; gas hot water tank installed 2024. Charming home with period detail in Ocean/Beaches neighborhood near shopping and restaurants and an easy commute to Boston. Don't miss this opportunity! Location, space and style.

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: 900 sq ft (the lesser of 900 sq ft or half the 1,985 sq ft principal dwelling). Lot size: 1,721 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.

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