Active

13 Days on market

32 Grant Rd Lynn — Photo 1 of 38

$728,989

Investment Analysis — 32 Grant Rd

Lynn, MA 01904

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 3.18% cap rate and $23,186/yr in estimated NOI at the $728,989 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,296

Style

Single Family

Built

1940

Welcome to this beautifully renovated home offering extensive updates throughout. Three bedrooms in the second floor. The property features a fully renovated kitchen with new cabinetry, quartz countertops, backsplash, updated plumbing and fixtures, and stainless-steel appliances, including a refrigerator, stove, dishwasher, and microwave.The full bathroom has been completely renovated with a modern stand-up shower, while a new half bathroom and first-floor laundry area have been added for everyday convenience. Refinished hardwood floors run throughout the home, complemented by fresh interior paint and recessed lighting in the kitchen and half bathroom. Major mechanical and electrical improvements include updated plumbing throughout, new wiring, a new 200-amp electrical service, and a new electric water heater. The attic provides additional flexible space that can be used as a playroom, home office, or storage space. Outside, the improvements continue with new landscaping and grass, new front and rear walkway, a new rear deck, and a new paved driveway. The house exterior has been freshly painted and features a new roof, new double-hung windows, and a new garage door.

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: 648 sq ft (the lesser of 900 sq ft or half the 1,296 sq ft principal dwelling). Lot size: 5,349 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.