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6 Days on market

206 Fays Ave Lynn — Photo 1 of 42

$519,900

Investment Analysis — 206 Fays Ave

Lynn, MA 01904 — Fays Estate

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01904 carries an estimated $2,560/mo in gross rent — about a 3.37% cap rate and $17,501/yr in estimated NOI at the $519,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,217

Style

Single Family

Built

1920

Welcome home to this charming 2-bedroom home set on a spacious 10,119 sq. ft. fenced corner lot. Location, Location! Perfectly located in the Fays Estate of Lynn, surrounded by nature, directly across from Spring Pond and walking trails. Enter this lovely home from the inviting enclosed front porch into a sun filled living space. Pass into the dining room, featuring warm wood wainscoting, and the lovely kitchen. Off the kitchen is a bonus room that leads to the large rear deck. First level is complete with a full bath and two bedrooms. This home offers plenty of character and a comfortable, welcoming feel. From the rear deck you look out to "Frogs Pond" and your spacious fenced rear yard. Offering 1,016 sq. ft. of living space (not including the enclosed porch and bonus space in the lower level), the lower level also has a newly added 3/4 bath and laundry area just waiting for your ideas. Lower level has a walkout to the rear yard. Improvements include all-new PVC sewer piping, removal of knob-and-tube wiring, an updated driveway, a 2012 high-efficiency Lochinvar gas boiler, a new expansion tank, updated insulation and electrical. Vinyl siding 2017, Solar by Vivint, a large rear deck and more. Conveniently located near Route 107, major bus routes, 2 miles to the Swampscott commuter rail, and Routes 1 and 128.

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: 609 sq ft (the lesser of 900 sq ft or half the 1,217 sq ft principal dwelling). Lot size: 10,119 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.