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32 Days on market
23 Bailey St Lynn — Photo 1 of 42

23 Bailey St Lynn — Photo 1 of 42

$549,900

Investment Analysis — 23 Bailey St

Lynn, MA 01904 — Wyoma

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01904 carries an estimated $3,080/mo in gross rent — about a 4.11% cap rate and $22,589/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,261

Style

Single Family

Built

1890

Charm abounds in this lovely Bungalow, offering great flow, location and fantastic outdoor space. Its appeal starts at the curb, with mature, perennial garden bed and a wrap around front porch. Inside there's not a wasted inch. The sun-splashed entry with Bow window is a lovely place to enjoy morning coffee, with plenty of storage for coats and boots. The spacious Living Room with Bay window has beautiful wood floors and lots of recessed lighting. The sunny Kitchen (SS appliances & quartz counters) and open Dining Room are perfect for entertaining, with easy access to the Awesome backyard. A full Bath with jetted tub and Laundry beautifully complete the first floor. Upstairs offers 3 Bedrooms, including the ample Primary Bedroom with en suite Bath. The large backyard is an urban oasis, featuring a great deck and new, custom patio that overlooks the level, private fenced yard with an excellent Shed. Additional features include NEW FHA GAS Heat and CENTRAL AIR (2022), GAS Cooking, thermal windows, parking for 4, and amazing Solar panel system that cost $68.87 per month with about 9 years left on lease (copy attached), and it dictates that fixed payment will not go up. Except for 1 month, that's the ONLY electric bill the sellers have ever paid since they bought in 2020. As all utilities grow more expensive, the fixed price of the solar lease grows more desirable every month, and the sellers have been thrilled with the system. Best of all is the location! A great Ward 1 neighborhood in the heart of Wyoma, with easy access to the highway, parks, ponds, Lynn Woods, great restaurants, the beach, and all the other great amenities Lynn has to offer. This is a really lovely property!

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: 631 sq ft (the lesser of 900 sq ft or half the 1,261 sq ft principal dwelling). Lot size: 6,329 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$549,900
Annual Taxes$5,501

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Vinyl, Carpet, Laminate
BasementFull

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR2

Property & Lot

Acres0.15
SqFt Lot6,329
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

19 x 14

Flooring - Wood, Window(s) - Bay/Bow/Box, Recessed Lighting

Dining Room
Lvl First

11 x 8

Flooring - Laminate

Kitchen
Lvl First

11 x 11

Flooring - Laminate, Countertops - Stone/Granite/Solid, Stainless Steel Appliances

Primary Bedroom
Lvl Second

17 x 11

Bathroom - 3/4, Flooring - Laminate

Bedroom 2
Lvl Second

14 x 6

Bedroom 3
Lvl Second

14 x 8

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Tiled With Tub

Bathroom 2
Lvl Second

Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Angie'S Home Team

Listing Office: North Star RE Agents, LLC

MLS® Number: 73563014