Active

90 Days on market

48 Carter Rd Lynn — Photo 1 of 42

Recent Drop: $20,999

$619,999

$599,000

Investment Analysis — 48 Carter 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 3.66% cap rate and $21,902/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,400

Style

Single Family

Built

1923

Charming corner-lot home just steps from the water at Flax Pond in Lynn’s desirable Ward 1 neighborhood! Enter through the screened-in porch into an inviting first floor featuring a living room with recessed lighting, dining room with beautiful built-ins, great kitchen, and a convenient half bath. Upstairs, you’ll find three bright bedrooms and a full bathroom. The partially finished basement offers flexible bonus space to fit a variety of needs, whether as a guest room, home gym, office, or playroom. Outside, enjoy a deck, yard, and two-car garage. Conveniently located near major highways, Gannon Golf Course, Lynn Woods, shopping, dining, and many other amenities. Come see it while it lasts!

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: 700 sq ft (the lesser of 900 sq ft or half the 1,400 sq ft principal dwelling). Lot size: 4,530 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 MLS and other third-party data may be inaccurate or out of date.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.