
15 Island Road Lynnfield — Photo 1 of 35
$1,179,900
Investment Analysis — 15 Island 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 2.33% cap rate and $27,546/yr in estimated NOI at the $1,179,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,176
Style
Single Family
Built
2003
Welcome to this beautifully maintained, like-new home in a desirable Lynnfield location! Built in 2003 and thoughtfully cared for, this inviting property offers four bedrooms, 2½ baths, spacious rooms, and quality updates throughout. The first floor features gleaming hardwood floors and ceramic tile, while all four bedrooms showcase brand-new wall-to-wall carpeting. Plantation shutters throughout the home add timeless style and privacy. The spacious primary suite offers a walk-in closet and a generous ensuite bath with a double-sink vanity and oversized shower. Large closets throughout provide exceptional storage, while convenient first-floor laundry adds everyday ease.Enjoy peeks of the pond and relax or entertain on the lovely composite deck overlooking the yard.Recent improvements include a 50 year architectural new roof in 2024 and one new HVAC unit in 2025. The oversized two-car garage provides plenty of room for vehicles and storage. The unfinished basement, with its high ceilings, offers exciting potential for future expansion of living space.Ideally located near the shops and restaurants at Market Street, this home combines comfort, convenience, and easy living in one of Lynnfield's sought-after locations. As an added bonus, all furniture and appliances are included as gifts to the buyer -ask List Agent for details. This exceptional home is truly move-in ready!
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 2,176 sq ft principal dwelling). Lot size: 9,252 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Crown Molding
Kitchen
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant
Family Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead, Crown Molding
Master Bedroom
Lvl SecondBathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Crown Molding
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet, Closet - Double
Bedroom 4
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Sconce
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Listing Agent: Deborah Caniff
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73567877
