
24 Rockaway Ct Lynn — Photo 1 of 30
$639,000
Investment Analysis — 24 Rockaway Ct
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 4.06% cap rate and $25,913/yr in estimated NOI at the $639,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,313
Style
Single Family
Built
1880
Set on a quiet dead-end street, this beautifully transformed home combines high-end custom finishes, flexible living space, and an impressive list of major updates. From the stunning designer kitchen to the spa-inspired primary bath, every detail has been thoughtfully selected to create a home that is as beautiful as it is functional. The chef's kitchen was completely gutted & reimagined w/ stunning custom white shaker cabinetry, ss appliances, sophisticated gold accents, and a show-stopping apron-front gold sink. The open-concept design flows seamlessly into the LR, creating an inviting setting for both everyday living & entertaining. Recessed lighting & an integrated stereo system add an elevated touch throughout the main living area. Adding both style & versatility, the first floor features beautiful barn-style doors w/ frosted glass, allowing the kitchen/living area privacy when needed yet has a sophisticated architectural element that is both functional & visually striking. The first floor bedroom & half bath is ideal for guests, a home office, or those looking for one-level living. A stackable full-size washer & dryer & mud room complete this level & add to the home's thoughtful functionality. Upstairs, the spacious primary bedroom offers direct access to a beautifully appointed custom full bath. Completely gutted & renovated, this spa-inspired bathroom features an oversized walk-in shower w/ wide sliding framed glass doors, dual shower heads, two built-in niches, & luxurious oversized floor/shower tiles. A Bluetooth-enabled exhaust fan & LED anti-fog mirror add a modern, upscale touch, creating a relaxing space to start & end your day. Two additional bedrooms and access to a pull down attic complete this floor. Throughout most of the home you will find engineered bamboo flooring which is warm, sophisticated & durable for everyday living. Comfort & efficiency are enhanced by seven mini-splits, including one for the basement providing individualized heating & cooling throughout the home. Other improvements include a water pump, 200 amp electrical, blown & dense pack insulation, turbine roof vent. The exterior has been updated w/ new windows, vinyl fence, vinyl siding, and a new roof, offering both enhanced curb appeal and peace of mind. Parking is no issue as the private driveway can accommodate up to 6 cars. The walk-out basement, w/ its high ceilings offers exciting potential for future expansion. Simply unpack & enjoy! Offers due Tues 9/15 @ 2pm.
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: 657 sq ft (the lesser of 900 sq ft or half the 1,313 sq ft principal dwelling). Lot size: 5,428 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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Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12.1 x 15.6
Flooring - Wood, Exterior Access, Recessed Lighting
Kitchen
Lvl First12.11 x 13.7
Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant
Master Bedroom
Lvl Second12.11 x 20
Bathroom - 3/4, Closet, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl Main,First9.8 x 9.5
Bedroom 3
Lvl Second9.8 x 10.6
Closet, Flooring - Wood, Lighting - Overhead
Bedroom 4
Lvl Second9.8 x 9.3
Flooring - Wood, Lighting - Overhead
Bathroom 1
Lvl First4.2 x 2.11
Bathroom - Half, Flooring - Laminate, Lighting - Overhead
Bathroom 2
Lvl Second9.8 x 8.9
Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Listing Agent: The Apex Team
Listing Office: Apex Realty Group, LLC
MLS® Number: 73572794
