58 Grove St Lynnfield — Photo 1 of 40
$649,900
Investment Analysis — 58 Grove St
Lynnfield, MA 01940 — South Lynnfield
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 4.37% cap rate and $28,409/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,718
Style
Single Family
Built
1900
Finding this much space, this much yard, and this much possibility in Lynnfield is anything but ordinary. Massive garage, tasteful modern updates, Move-in ready and a whole lot of opportunity at 58 Grove Street. This turnkey three-bedroom, one-bath home delivers the space, flexibility, modern finishes, and location that are increasingly hard to find at this price in Lynnfield. Updated exposed beam kitchen and master bedroom, updated 200 AMP electrical panel and a partially finished lower level expands the living space with options for a family room, home office, gym, or playroom, The expansive yard creates endless possibilities for outdoor living and the oversized garage is a standout of its own, offering exceptional space for vehicles, storage, a workshop, hobbies, or future plans. Ideally positioned near new development and just minutes from MarketStreet Lynnfield, Route 1, I-95, shopping, dining, and commuter routes into Boston. Move right in—and imagine what comes next.
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: 859 sq ft (the lesser of 900 sq ft or half the 1,718 sq ft principal dwelling). Lot size: 13,399 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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Freezer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Vinyl, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl FirstFlooring - Wood, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,FirstBeamed Ceilings, Flooring - Vinyl, Cabinets - Upgraded, Stainless Steel Appliances, Gas Stove
Family Room
Lvl BasementFlooring - Vinyl
Master Bedroom
Lvl SecondCloset, Flooring - Vinyl, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Vinyl, Lighting - Overhead
Bathroom 1
Lvl SecondBathroom - Full, Flooring - Vinyl, Lighting - Overhead
Listing Agent: Jaclyn Wells
Listing Office: Steve Bremis Realty Group
MLS® Number: 73573242
