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54 Edward Ave Lynnfield — Photo 1 of 33

54 Edward Ave Lynnfield — Photo 1 of 33

$999,995

Investment Analysis — 54 Edward Ave

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01940 carries an estimated $4,300/mo in gross rent — about a 2.95% cap rate and $29,493/yr in estimated NOI at the $999,995 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,826

Style

Single Family

Built

1946

Pride of ownership shines throughout this quintessential expanded Cape, lovingly maintained & cherished over the years, with a thoughtfully designed and surprisingly spacious floor plan in a beautiful, sought-after neighborhood. Set on a large, level lot with mature landscaping, established perennials & sprinkler system, this 4-bedroom, 2.5-bath home combines timeless character & quality craftsmanship. Step inside to gleaming red birch hardwood floors, beautiful millwork, updated lighting, fresh paint & a custom-finished fireplace creating a warm focal point in the main living area. A stunning custom staircase creates a beautiful focal point of its own & showcases the attention to detail found throughout the home. The custom kitchen features inset cabinetry, Corian countertops, newer appliances & an inviting eat-in area, while the formal dining room & sun-filled, window-lined extended living room provide wonderful spaces for everyday living & entertaining. Glass doors lead to the deck overlooking the beautifully maintained backyard. A 1st-floor bedroom/flex room adjacent to a full bath offers added versatility for guests, home office or changing needs over time. A mudroom provides convenient access from the attached 2-car garage. Upstairs, the expansive primary suite offers a private ensuite bath with walk-in shower, separate water closet, multiple closets & ample storage. Two additional generously sized bedrooms share a convenient half bath, while 2nd-floor laundry & linen storage add everyday functionality. Mini-split systems efficiently heat & cool the home. Additional highlights include exceptional storage, 4-car off-street parking & thoughtful details throughout. Enjoy a quiet, walkable neighborhood setting while remaining convenient to nearby shopping, dining, major highways & area amenities. Rarely does a home combine this much space, craftsmanship, flexibility & pride of ownership in such a desirable Lynnfield location. Welcome home!

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 2,826 sq ft principal dwelling). Lot size: 10,193 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.

Immersive Experience

Property Details

Financials

Original Price$999,995
Annual Taxes$9,722.66

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood
BasementPartial, Crawl Space, Sump Pump, Slab

Climate & Utilities

HeatingHeat Pump, Oil
CoolingHeat Pump
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Slab
ZoningRB

Property & Lot

Acres0.23
SqFt Lot10,193
Lot FeaturesCleared, Level

Amenities & Appliances

Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Shopping • Walk/Jog Trails • Bike Path • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBathroom 1Bathroom 3
First
Dining RoomBedroom 2Bathroom 2
Main,First
Living Room
Main
Kitchen
Unknown
Bedroom 3Bedroom 4
Living Room
Lvl Main,First

16 x 11

Closet, Flooring - Hardwood, Cable Hookup, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

12 x 16

Kitchen
Lvl Main

18 x 16

Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Paints & Finishes - Low VOC, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl Second

21 x 17

Bathroom - Full, Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

10 x 11

Bedroom 3
Lvl null

16 x 14

Flooring - Hardwood

Bedroom 4
Lvl null

14 x 8

Flooring - Hardwood

Bathroom 1
Lvl Second

12 x 11

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

8 x 5

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

5 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Nina Dartnell

Listing Office: Lyv Realty

MLS® Number: 73584956