Active

6 Days on market

41 Elm Street Saugus — Photo 1 of 41

$599,900

Investment Analysis — 41 Elm Street

Saugus, MA 01906 — Lynnhurst

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01906 carries an estimated $3,230/mo in gross rent — about a 3.85% cap rate and $23,071/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,666

Style

Single Family

Built

1914

Welcome home to this warm, sun-filled Colonial, professionally renovated and proudly owned by the same family for over 40 years. Charming farmer’s porch welcomes you into the open-concept main level featuring a spacious living room, dining area, and stylish bar—perfect for entertaining. Beautifully updated kitchen offers gas cooktop, double wall ovens, granite countertops, breakfast bar, abundant maple cabinetry, and built-in desk with custom shelving. A convenient half bath with laundry completes the first floor. The second floor opens to a landing featuring a built-in window seat and picture window overlooking the yard, leading to three well-sized bedrooms and a full bath with double vanity. The primary bedroom boasts a bay window and under-molding accent lighting. Updates include crown molding, hardwood flooring, Andersen windows, custom built-ins, and quality accent details throughout. Enjoy the expansive yard with deck, fire pit, BBQ area, and storage shed. Move-in ready home in the desirable Lynnhurst area with easy access to Route 1 and approximately 20 minutes to Boston.

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: 833 sq ft (the lesser of 900 sq ft or half the 1,666 sq ft principal dwelling). Lot size: 14,458 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.