344 Broadway Lynnfield — Photo 1 of 23
Recent Drop: $89,888
$1,110,000
Investment Analysis — 344 Broadway
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 1.75% cap rate and $19,372/yr in estimated NOI at the $1,110,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,546
Style
Single Family
Built
1934
Unique property located on route 1 south bound. 210 ' of frontage right on route 1 consists of single family all brick dwelling and a building/greenhouse that once housed a florist. .Fantastic visibility! Thousands of vehicles passing by daily ! Opportunity knocks for certain businesses such as home office, garden, nurseries, child care, education, non profit, religious etc. The property can be rented out to 2 DIFFERENT TENANTS The tenant for the house can be different from the tenant for the building The use is to be approved by town for renting the building Buyer/buyer's agent to perform your own due diligence. Interior access to property only to serious buyers. Title V to be requested upon written offer if applicable. The house needs some TLC and the building/greenhouse is in dis- repair. Single family house is approx 1546 sq ft and building/greenhouse is approx 2000 sq ft.
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: 773 sq ft (the lesser of 900 sq ft or half the 1,546 sq ft principal dwelling). Lot size: 25,001 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 • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Property History
$1,110,000
Was $1,199,888
May 6, 2026
MLS® 73365155
$1,199,888
Apr 26, 2025
MLS® 73365155
$1,110,000
Apr 11, 2025
MLS® 73358896
Listing Agent: Julie Tsakirgis Group
Listing Office: RE/MAX Property Shoppe, Inc.
MLS® Number: 73365155
