34 Edward Ave. Lynnfield — Photo 1 of 40
$1,350,000
Investment Analysis — 34 Edward Ave.
Lynnfield, MA 01940
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01940 carries an estimated $3,900/mo in gross rent — about a 1.80% cap rate and $24,309/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
3,700
Style
Single Family
Built
1948
Situated on a quiet loop, this meticulously maintained colonial offers a stunning saltwater pool on a large, level, fenced-in private lot. Custom renovated and expanded by current owners, the floor plan features a formal fireplaced living room and large kitchen which opens into both the sunny play/tv space and the dining area. The large main floor office is an ideal flexible space for those seeking a main floor bedroom or working from home. Upstairs you'll find three very generously sized bedrooms and two full baths with the potential to add even more space over the attached garage. Newly finished basement features a private workout space as well as a large rec room. Entertaining is a dream with the waterfall gently flowing into a gorgeous saltwater pool while mature privacy hedges and patio allow space for relaxation. Recent updates include central a/c, a new family bathroom, newer septic system, new hot water heater, and a newly paved driveway. Pride of ownership is apparent in every room; rarely seen attention to detail and fastidious maintenance make this an exceptionally rare offering.
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 3,700 sq ft principal dwelling). Lot size: 10,080 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 • Refrigerator • Freezer • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 13
Flooring - Hardwood
Dining Room
Lvl First13 x 13
Open Floorplan
Kitchen
Lvl First22 x 12
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Stainless Steel Appliances, Peninsula
Office
Lvl Main14 x 10
Bathroom - Half, Flooring - Hardwood
Family Room
Lvl First11 x 12
Exterior Access, Open Floorplan
Master Bedroom
Lvl Second23 x 12
Bathroom - Full, Flooring - Hardwood
Bedroom 2
Lvl Second16 x 14
Bedroom 3
Lvl Second16 x 12
Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Remodeled
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Kim Covino & Co. Team
Listing Office: Compass
MLS® Number: 73567749
