420 Salem St Lynnfield — Photo 1 of 6
Recent Drop: $50,999
$799,000
Investment Analysis — 420 Salem St
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 3.39% cap rate and $27,066/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,554
Style
Single Family
Built
1880
Unbelievable opportunity !!! Just about 2 acres of land ( over 85,000 square feet). This is a knockdown or rebuild with a some of the work already started. Come and build your dream house in a Wonderful and quiet area of Lynnfield. You will appreciate the oversized garage with lots of options fo any use.... SEE ATTACHED PLOT PLAN AND BUILDING PLANS ( ALL APPROVED)
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 2,554 sq ft principal dwelling). Lot size: 85,321 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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path
Geography
Property History
$799,000
Was $849,999
Jun 24, 2026
MLS® 73503998
$849,999
Apr 19, 2026
MLS® 73503998
$750,000
Mar 5, 2025
MLS® 73320359
$799,900
Jan 20, 2025
MLS® 73320359
$799,900
Dec 17, 2024
MLS® 73320359
Listing Agent: Francis Santaniello
Listing Office: Weichert REALTORS® Blueprint Brokers
MLS® Number: 73503998
