16 Churchill Place Lynn — Photo 1 of 42
$579,900
Investment Analysis — 16 Churchill Place
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01902 carries an estimated $3,080/mo in gross rent — about a 3.86% cap rate and $22,400/yr in estimated NOI at the $579,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,435
Style
Single Family
Built
1900
Welcome To 16 Churchill Place Well-Maintained By One Owner For Over Fifty Years! This Spacious 7 Rooms, 3 Bedrooms, 1.5 Baths Colonial Boasts Over 1,400 Sq.Ft. GLA! Custom Chef's Kitchen With Cherry and Glass Cabinetry, Granite Counters, Recessed and Designer Pendant Lighting, Double Sink, S.S. Appliances and Wolf 4 Burner Dual Fuel Gas Cooking! 12 Ft Ceilings and Hardwood Floors Throughout! Formal Diningroom and Enormous Livingroom With Lots of Natural Light and Open Concept to Office or Den Area With Woodburning Stove! First Floor Half Bath The Second Floor Features 3 Good Size Bedrooms With Lots of Closets and Full Granite Bath With Soaking Tub and Separate Shower Surround! Numerous Updates Include 4 A/C and Heat Mini Splits, Replacement Windows, Mass Save Insulation and More! Enjoy the 3 Season Room Overlooking Private Yard With Space for Outdoor Entertaining, Gardening or Relaxing! 1 Car Garage and Driveway for 4 Plus Cars! Great Location Near Schools, Shopping, Restaurants, Beach and Public Transportation!
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: 718 sq ft (the lesser of 900 sq ft or half the 1,435 sq ft principal dwelling). Lot size: 4,256 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
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 17
Ceiling Fan(s), Flooring - Hardwood
Dining Room
Lvl First12 x 12
Flooring - Hardwood
Kitchen
Lvl First17 x 16
Flooring - Hardwood, Recessed Lighting, Gas Stove
Primary Bedroom
Lvl Second12 x 12
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second12 x 8.5
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First3 x 4
Bathroom - Half
Bathroom 2
Lvl Second12 x 8
Bathroom - Full, Bathroom - With Shower Stall, Bathroom - With Tub, Closet, Flooring - Vinyl
Listing Agent: Colleen Toner
Listing Office: Toner Real Estate, LLC
MLS® Number: 73582428