Active

60 Days on market

44 Fernwood Ave Lynn — Photo 1 of 40

$599,999

Investment Analysis — 44 Fernwood Ave

Lynn, MA 01904

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01904 carries an estimated $3,390/mo in gross rent — about a 4.24% cap rate and $25,427/yr in estimated NOI at the $599,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,449

Style

Single Family

Built

1925

Welcome to this spacious 4-bedroom, 2.5-bath home offering a versatile layout, generous living space, and an incredible setting. The home features multiple levels of living, well-proportioned bedrooms, and plenty of room for today's lifestyle. A garage and off-street parking add everyday convenience, while the property's elevated setting and substantial lot create a unique opportunity rarely found in the area.Outside, the property truly stands apart. The expansive, wooded grounds offer privacy, mature trees, natural rock formations, and multiple areas with potential for outdoor entertaining, gardening, or creating your own backyard retreat. The elevated terrain provides a distinctive setting surrounded by greenery.The home's location is another major highlight. Stunning aerial views showcase the surrounding neighborhood, nearby water, abundant green space, and impressive views stretching toward the Boston skyline and coastline. Conveniently situated near local amenities and major routes while still offering a residential neighborhood feel.With 4 bedrooms, 2.5 bathrooms, garage parking, a large lot, and a beautiful elevated setting, this property offers an exceptional combination of space, location, character, and potential. Bring your vision and make this 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: 725 sq ft (the lesser of 900 sq ft or half the 1,449 sq ft principal dwelling). Lot size: 6,691 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.