223 Linwood St Lynn — Photo 1 of 34
$585,000
Investment Analysis — 223 Linwood St
Lynn, MA 01905
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01905 carries an estimated $3,080/mo in gross rent — about a 3.71% cap rate and $21,718/yr in estimated NOI at the $585,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,924
Style
Single Family
Built
1920
New to Market! Charming Colonial in Pine Hill! Classic Colonial with Charm and Fantastic Layout. 3 Bedrooms with over 1900 square feet of living space. Inviting Foyer opens up to the Beautiful Staircase and Living Room. Hardwood Flooring flows through the Living Room and Dining Room. Built in China Cabinet in the Dining Room. Direct access to Side Covered Porch off the Living Room. Large Eat in Kitchen has tons of Counter space and Stainless Steel Appliances. Half Bath is very large and more than enough room to add a Tub. Off the Kitchen is the large Composite Deck with a mounted TV makes for a great space to entertain friends and family. 3 Generously sized Bedrooms and Full Bath on 2nd Floor. Architectural Shingle Room, Replacement Windows, Top of the Line Veissman High Efficiency Gas Combi Boiler. Additional Finished Room in the Lower Level can serve as an additional Family Room. Lower Level is a walk out and has potential to be converted into an ADU. The Yard offers a personal Outdoor Sanctuary w/ 2 additional lower tiers...outstanding space for Gardeners and Dog Owners. This is a must see! OPEN HOUSES SATURDAY & SUNDAY 12-1:30.
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 1,924 sq ft principal dwelling). Lot size: 5,994 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
Geography
Listing Agent: Steven Belesis
Listing Office: Citylight Homes LLC
MLS® Number: 73574190