
23 Brooklawn Terrace Lynn — Photo 1 of 42
$575,000
Investment Analysis — 23 Brooklawn Terrace
Lynn, MA 01904
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 3.83% cap rate and $22,012/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,360
Style
Single Family
Built
1915
This is one of the prettiest homes in Lynn! 23 Brooklawn Terrace lives beautifully, with well-proportioned rooms, high ceilings, hardwood flooring throughout and distinctive period details. Located on a quiet street near Flax Pond and only 1.5 miles from the ocean, this is your gateway to amazing recreation, beaches, nature and the North Shore, yet convenient to the commuter rail taking you into Boston’s North Station. Built in 1915, the home’s enclosed front porch is perfect for lazy days and leads into a gracious foyer with antique folding french doors. The classic living room has a bow window and a broad cased opening into the airy dining room with built-in china cabinet —a room perfect for holidays, family meals, crafting, homework or chilling out on your laptop. The cheery kitchen features bright green wood cabinets, fresh quartz countertops, newer stainless steel appliances, a gas stove and lots of storage to please any chef. The first-floor half bath delights with playful wallpaper and an updated vanity. Upstairs, the primary bedroom has a closet with a built-in cabinet to keep clothing and accessories organized, while two more bedrooms provide peaceful retreats. The full bath has an updated white vanity with granite countertop, classic pink tile and a tub/shower combination. The immaculate unfinished basement offers side-by-side laundry, a second refrigerator, storage shelves, exercise space and a wall-mounted TV with a hip wood accent wall for fun watch parties. Outside, the front garden features a fruit-bearing pear tree—take a look when you visit! Perennials fill the front and back yards, and the 3 car driveway leads to a two-car garage that has doubled as a workshop for the past few owners. Admire the hydrangea tree and hanging vines framing the garage’s antique doors as you pass through the white picket fence into a charming backyard. The fenced in yard unfolds over three levels: a Japanese maple tree graces the top level, the second level offers perimeter gardens and room for seating or a fire pit, and the broad lower level provides plenty of room for play. The garage’s lower level offers additional storage. With wonderful period character, flexible spaces and inviting gardens, this is a home that feels special from the moment you arrive!
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: 680 sq ft (the lesser of 900 sq ft or half the 1,360 sq ft principal dwelling). Lot size: 6,404 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
Electric Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 13
Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors
Dining Room
Lvl First13 x 15
Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant
Kitchen
Lvl First12 x 15
Flooring - Hardwood, Countertops - Upgraded, Exterior Access, Stainless Steel Appliances
Master Bedroom
Lvl Second10 x 13
Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead, Closet - Double
Bedroom 2
Lvl Second10 x 13
Bedroom 3
Lvl Second10 x 13
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First5 x 5
Bathroom - Half, Flooring - Hardwood, Remodeled
Bathroom 2
Lvl Second8 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
Listing Agent: Corinne Schippert
Listing Office: MA Properties
MLS® Number: 73574713