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11 Homestead Road Lynnfield — Photo 1 of 22

11 Homestead Road Lynnfield — Photo 1 of 22

$729,000

Investment Analysis — 11 Homestead Road

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 3.76% cap rate and $27,394/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,629

Style

Single Family

Built

1941

Location, location, location. A new SEPTIC system has just been installed, offering a valuable recent improvement. Rare opportunity in sought-after Lynnfield! This home has strong and presents exceptional potential for an owner-occupant, builder, contractor, or investor looking to renovate and create something special. Ideally located near Lynnfield schools, shopping, dining and major commuter routes, this property offers a desirable setting with a significant upside. A unique opportunity to invest, add value and make this home your own in one of Lynnfield's most desirable communities.

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: 815 sq ft (the lesser of 900 sq ft or half the 1,629 sq ft principal dwelling). Lot size: 11,530 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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$729,000
Annual Taxes$8,174

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces1
FlooringVinyl, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingForced Air, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRA

Property & Lot

Acres0.26
SqFt Lot11,530
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave

Neighborhood

Shopping • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2
First
Bedroom 4Bathroom 1
Main,First
Living RoomDining RoomKitchenBedroom 3
Living Room
Lvl Main,First

11.9 x 21.3

Flooring - Hardwood, Crown Molding

Dining Room
Lvl Main,First

10.5 x 11.8

Flooring - Hardwood, Crown Molding

Kitchen
Lvl Main,First

16 x 9.1

Flooring - Vinyl

Primary Bedroom
Lvl Second

17.6 x 11.1

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

10.2 x 10.4

Bedroom 3
Lvl Main,First

9.1 x 12.5

Closet, Flooring - Hardwood

Bedroom 4
Lvl First

9.1 x 12.5

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower

Listing Provided By

Listing Agent: Lina Verderese

Listing Office: Showcase Of Homes, REALTORS®

MLS® Number: 73574318