135 Allen Ave Lynn — Photo 1 of 23
Recent Drop: $84,000
$515,000
Investment Analysis — 135 Allen Ave
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01902 carries an estimated $3,390/mo in gross rent — about a 4.92% cap rate and $25,317/yr in estimated NOI at the $515,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,855
Style
Single Family
Built
1892
Set on a quiet residential street atop a hill with sweeping views of Lynn, this charming single-family home has been lovingly owned by a single family for many decades. The well-laid-out floor plan offers bright living areas, generously sized rooms, and natural light throughout. The kitchen provides ample storage and everyday functionality.The walk-in basement is a standout feature — fully ready to be finished and offering tremendous value-add potential. Outside, the large backyard sits on a 5,972 sq ft lot, opening the door for a possible addition, expansion, or simply room to relax and entertain. The elevated setting adds to its quiet, tucked-away charm.Ideally located near public transportation, major highways, local shops, and Lynn's revitalized downtown and waterfront, this home delivers convenience, character, and serious long-term upside. Whether you're an owner-occupant or investor, the bones are here — bring your vision.
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 1,855 sq ft principal dwelling). Lot size: 5,972 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Neighborhood
Public Transportation • Shopping • Highway Access • Public School • Sidewalks
Geography
Property History
$515,000
Was $530,000
Sep 11, 2026
MLS® 73484065
$530,000
Was $559,000
Jul 15, 2026
MLS® 73484065
$559,000
Was $599,000
Apr 15, 2026
MLS® 73484065
$599,000
Mar 9, 2026
MLS® 73484065
Listing Agent: Creatini Group
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73484065
