Active

119 Days on market

51 Broadway Lynn — Photo 1 of 42

Recent Drop: $10,000

$929,500

$919,500

Investment Analysis — 51 Broadway

Lynn, MA 01904

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01904 carries an estimated $3,390/mo in gross rent — about a 2.74% cap rate and $25,215/yr in estimated NOI at the $919,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,547

Style

Single Family

Built

1911

Beautifully renovated Bungalow/Cottage-style single-family home offering 5 bedrooms and 3 full baths with stunning views of Lily Mere Lake. This spacious home features a bright living room, formal dining room, and an eat-in kitchen with abundant cabinetry, quartz countertops, and stainless-steel appliances. Recent upgrades include new siding, windows, electrical, plumbing, HVAC system, and beautiful hardwood flooring throughout. Enjoy year-round comfort with 2-zone heating and central air conditioning. Step out onto the spacious deck overlooking the lake, perfect for relaxing or entertaining. The partially finished basement with an above-ground entrance provides additional living space, a home office, recreation room, or storage. Ample off-street parking accommodates up to 7 vehicles. Combining modern updates, generous living space, and scenic water views, this move-in-ready home is a rare opportunity not to be missed.

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 2,547 sq ft principal dwelling). Lot size: 9,910 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.