16 Lynn St Peabody — Photo 1 of 20
Recent Drop: $40,000
$549,000
Investment Analysis — 16 Lynn St
Peabody, MA 01960 — South Peabody
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01960 carries an estimated $2,560/mo in gross rent — about a 3.44% cap rate and $18,887/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,221
Style
Single Family
Built
1910
Welcome to this charming single-family colonial. Offering 2 larger bedrooms and 2 full bathrooms and a laundry room/office potential space with a comfortable open concept layout with plenty storage space in the basement. This home combines convenience and comfort from the moment you walk through the door with its abundance of natural sunlight. Step outside to enjoy the fully fenced in spacious back yard-Perfect for gatherings, gardening or simply relaxing. Additional features include a newer furnace within the last 4 years and a new water heater and three additional rooms in the basement with washer/dryer hookups as well. Conveniently located near shopping, dining, public transportation and major highways. A fantastic opportunity to own in a desirable location.Motivated seller!
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: 611 sq ft (the lesser of 900 sq ft or half the 1,221 sq ft principal dwelling). Lot size: 4,935 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Kitchen
Lvl FirstBathroom - Full, Ceiling Fan(s), Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl Main,FirstBathroom - Full, Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Full
Property History
$549,000
Was $589,000
Sep 1, 2026
MLS® 73567169
$589,000
Aug 23, 2026
MLS® 73567169
Listing Agent: Salinah Kent
Listing Office: United Brokers
MLS® Number: 73567169