38 Bonavesta St Lynn — Photo 1 of 30
$579,000
Investment Analysis — 38 Bonavesta St
Lynn, MA 01905
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01905 carries an estimated $2,560/mo in gross rent — about a 3.04% cap rate and $17,630/yr in estimated NOI at the $579,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,385
Style
Single Family
Built
1953
First time ever on the market! Welcome to 38 Bonavesta Street, a well-loved ranch in Lynn’s desirable Lynnhurst neighborhood, just minutes from the Saugus line and Route 1. Owned and cared for by the same family since it was built, this home offers comfort, convenience, and thoughtful updates throughout. Enjoy central air, a newer roof (2019), a brand-new heating system (2026), recently updated flooring, and appliances just two years old. A low-cost solar lease currently offsets 100% of the home’s electricity usage. The finished lower level offers valuable additional living space, while outside you’ll find a fully fenced, grassy backyard perfect for relaxing, entertaining, or play. Complete with a one-car garage and set in an established neighborhood off Walnut Street, this is a special opportunity to make a truly cared-for home your own.
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: 693 sq ft (the lesser of 900 sq ft or half the 1,385 sq ft principal dwelling). Lot size: 5,401 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer/Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 12
Flooring - Wall to Wall Carpet
Dining Room
Lvl First7 x 11
Lighting - Pendant
Kitchen
Lvl First8 x 11
Countertops - Upgraded
Family Room
Lvl Basement18 x 24
Primary Bedroom
Lvl First14 x 12
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First8 x 10
Listing Agent: Kallyta Oliveira
Listing Office: Lyv Realty
MLS® Number: 73582514
