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123 Days on market

628 Broadway - Aka Ward Ter Lynnfield — Photo 1 of 42

$799,900

Investment Analysis — 628 Broadway - Aka Ward Ter

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 3.53% cap rate and $28,219/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,818

Style

Single Family

Built

1945

Beautifully updated and expanded Cape-style home offering versatile living space in desirable Lynnfield. The main level features a spacious living room with fireplace, formal dining area, bright kitchen, dedicated office, additional flex room, and convenient half bath with laundry room. Upstairs, you'll find three generously sized bedrooms, a full bath, and oversized walk-in closets. A large unfinished attic provides outstanding potential for future expansion, while the partially finished basement offers additional living, recreation, or storage space. Thoughtfully designed with multiple flexible-use rooms, this home adapts easily to today's work-from-home and multi-generational living needs. Situated on a convenient lot with easy access to major highways, shopping, dining, and Lynnfield's highly rated schools. A rare opportunity to own a spacious home with room to grow in one of the North Shore's most sought-after communities.

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 2,818 sq ft principal dwelling). Lot size: 7,549 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.