18 Melvin Ave Lynn — Photo 1 of 28
$499,000
Investment Analysis — 18 Melvin Ave
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01902 carries an estimated $2,560/mo in gross rent — about a 3.66% cap rate and $18,271/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
941
Style
Single Family
Built
1900
Welcome to 18 Melvin Ave, a charming home ideally situated near the Swampscott line with convenient access to the coast, commuter rail, shopping, schools, and everyday amenities. This 2-bedroom home offers a comfortable and functional layout featuring a welcoming living room, kitchen with stainless steel appliances, and additional flexible space ideal for a home office. Outside, enjoy a fenced yard, deck, ample off-street parking, and the added convenience of a detached two-car garage. With public transportation nearby and easy access to surrounding communities, this home offers a great combination of location, convenience, and potential. Don’t miss your opportunity to make 18 Melvin Ave your new 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: 471 sq ft (the lesser of 900 sq ft or half the 941 sq ft principal dwelling). Lot size: 3,986 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Dryer
Neighborhood
Public Transportation • Public School
Geography
Listing Agent: Brian Binari
Listing Office: Keller Williams Coastal and Lakes & Mountains Realty
MLS® Number: 73574072
