
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First19 x 14
Flooring - Wood, Window(s) - Bay/Bow/Box, Recessed Lighting
Dining Room
Lvl First11 x 8
Flooring - Laminate
Kitchen
Lvl First11 x 11
Flooring - Laminate, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Primary Bedroom
Lvl Second17 x 11
Bathroom - 3/4, Flooring - Laminate
Bedroom 2
Lvl Second14 x 6
Bedroom 3
Lvl Second14 x 8
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Tiled With Tub
Bathroom 2
Lvl SecondBathroom - With Shower Stall
Listing Agent: Angie'S Home Team
Listing Office: North Star RE Agents, LLC
MLS® Number: 73563014