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7 Days on market

480 Essex St Lynnfield — Photo 1 of 37

$949,000

Investment Analysis — 480 Essex St

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01940 carries an estimated $3,900/mo in gross rent — about a 2.57% cap rate and $24,415/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,918

Style

Single Family

Built

1966

Welcome to 480 Essex Street! This charming Colonial is situated on a beautiful .92-acre lot in desirable Lynnfield, offering a wonderful combination of comfort, character, and privacy. Featuring three bedrooms, one and a half baths, and hardwood floors throughout, this home offers a warm and inviting atmosphere. The spacious living areas provide plenty of room for everyday living and entertaining, while the traditional Colonial layout offers both charm and functionality. Enjoy the beautiful backyard, perfect for outdoor gatherings, gardening, or simply relaxing in your own private setting. The two-car garage provides additional convenience and storage. Set on a generous lot with plenty of outdoor space, this property offers endless possibilities to make it your own. Conveniently located near shopping, dining, schools, and major highways, 480 Essex Street offers the opportunity to enjoy all that Lynnfield has to offer. Don't miss your chance to make this charming 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: 900 sq ft (the lesser of 900 sq ft or half the 1,918 sq ft principal dwelling). Lot size: 40,075 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.