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8 Otter Pond Road Lynnfield — Photo 1 of 38

$1,100,000

Investment Analysis — 8 Otter Pond Road

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 2.65% cap rate and $29,123/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,370

Style

Single Family

Built

1993

First time ever on the market! Custom built by the seller, 8 Otter Pond Road is located at the end of a cul-de-sac and offers an exceptional combination of space, privacy, and effortless indoor-outdoor living areas suitable for enjoyment and entertainment. This meticulously maintained colonial's first floor offers an open and inviting floor plan. The spacious kitchen with abundance of cabinets, stainless steel appliances, granite countertops and separate dining area flows seamlessly into the expansive fireplaced family room, creating a natural gathering space and direct access to the oversized deck overlooking private yard surrounded by conservation land. Dining room, living room and half bath complete level. Four generously sized bedrooms feature hardwood flooring. Primary bedroom has a fireplace offering cozy and comfort retreat as well as private tiled bathroom. Second full bathroom has tub and shower. Walk-up attic is perfect for storage or potential added living space. A finished lower level provides flexible space for a media room, gym, playroom, or additional entertaining space. The property offers a private backyard retreat, expansive lawn areas, flowering trees, and multiple outdoor spaces for relaxing and entertaining. The peaceful cul-de-sac setting provides privacy while remaining convenient to Market Street, shopping, golf, major routes, and highly regarded Lynnfield schools. A special property offering generous living spaces, beautiful grounds, and a lifestyle designed for entertaining and enjoying every season. A commuter's dream location just minutes to highway, shopping and restaurants. Plumbing in basement for potential future bath.

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 2,370 sq ft principal dwelling). Lot size: 17,894 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.