Investment Analysis — 33 Lufkin St

Essex, MA 01929

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01929 carries an estimated $3,080/mo in gross rent — about a 2.38% cap rate and $19,022/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,714

Style

Single Family

Built

1970

Welcome home to this beautifully updated, move-in ready ranch home in one of Essex’s most desirable areas on a peaceful, private country road and close to downtown. A spacious open floor plan with gleaming hardwood floors and distressed wood, complemented by recessed lighting and a gorgeous custom fireplace. This home features three nicely sized bedrooms all with spacious closets, a freshly painted interior, updated mechanicals, new roof, and fully updated electrical. Step through the double french doors leading out to the spacious back deck that is perfect for entertaining or just enjoying the peace and privacy of a large backyard surrounded by woods. Seller paid 1-year home warranty if buyer closes within 30 days from offer acceptance.

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: 857 sq ft (the lesser of 900 sq ft or half the 1,714 sq ft principal dwelling). Lot size: 30,000 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 MLS and other third-party data may be inaccurate or out of date.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.