2 Russell Road Lynnfield — Photo 1 of 42
Recent Drop: $50,000
$1,499,000
Investment Analysis — 2 Russell 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 1.51% cap rate and $22,565/yr in estimated NOI at the $1,499,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,558
Style
Single Family
Built
1972
Stately Georgian Colonial in prime Lynnfield location! Front to back fireplaced living room and formal dining room. White kitchen with granite counters, stainless appliances, and spacious separate eating area overlooking yard. First floor family room with built ins, brick fireplace and slider to patio. Second floor consists of 4 bedrooms all with hardwood floors. Primary bedroom is also front to back with great closet space and full bath. Lower level has more potential finished with handmade bar, wine area and great storage space. Home is situated on acre lot with circular drive and beautiful landscaping. Inground pool with new decking, gazebo, shed and 2 car garage. Excellent home, beautiful yard and great location.
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 2,558 sq ft principal dwelling). Lot size: 40,276 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 MLS and other third-party data may be inaccurate or out of date.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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Freezer
Neighborhood
Shopping • Medical Facility • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25.3 x 13.3
Flooring - Wall to Wall Carpet, Window(s) - Picture, Crown Molding
Dining Room
Lvl First13.4 x 12.4
Flooring - Hardwood, Window(s) - Picture, Crown Molding
Kitchen
Lvl First14.1 x 11.8
Flooring - Stone/Ceramic Tile, Window(s) - Picture, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island
Family Room
Lvl FirstExterior Access, Slider
Master Bedroom
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12.4 x 11.8
Bedroom 3
Lvl Second12.11 x 10
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second13.4 x 12.4
Closet, Flooring - Hardwood
Bathroom 1
Lvl First5.9 x 3.1
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second7.11 x 7.5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Double Vanity
Bathroom 3
Lvl Second12.11 x 9.11
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Double Vanity
Property History
$1,499,000
Was $1,549,000
Aug 28, 2026
MLS® 73550058
$1,549,000
Jul 15, 2026
MLS® 73550058
Listing Agent: Helen Bolino
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73550058
