Investment Analysis — 254 Lynnfield St

Lynn, MA 01904

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 4.12% cap rate and $17,733/yr in estimated NOI at the $429,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,005

Style

Single Family

Built

1930

Opportunity awaits in Lynn’s highly sought-after Ward 1! This 2-bedroom, 1-bath home offers the convenience of one-level living with plenty of potential to make the space your own. A brand-new roof adds peace of mind, while the full walk-up second level is currently unfinished and ready for your vision. Expand the existing living space, create additional bedrooms, a home office, or explore the possibilities this flexible layout offers.Whether you’re looking to build equity, take on a renovation project, or create a home tailored to your needs, this property provides a fantastic opportunity to bring your ideas to life. The location offers easy access to local amenities, shopping, dining, highways, and all that Ward 1 has to offer. With a solid foundation and room to grow, this is a property with plenty of potential in a desirable Lynn location.

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: 503 sq ft (the lesser of 900 sq ft or half the 1,005 sq ft principal dwelling). Lot size: 4,700 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.