Active
504 Days on market
344 Broadway Lynnfield — Photo 1 of 23

344 Broadway Lynnfield — Photo 1 of 23

Recent Drop: $89,888

$1,199,888
$1,110,000

$1,110,000

Investment Analysis — 344 Broadway

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01940 carries an estimated $3,900/mo in gross rent — about a 1.75% cap rate and $19,372/yr in estimated NOI at the $1,110,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,546

Style

Single Family

Built

1934

Unique property located on route 1 south bound. 210 ' of frontage right on route 1 consists of single family all brick dwelling and a building/greenhouse that once housed a florist. .Fantastic visibility! Thousands of vehicles passing by daily ! Opportunity knocks for certain businesses such as home office, garden, nurseries, child care, education, non profit, religious etc. The property can be rented out to 2 DIFFERENT TENANTS The tenant for the house can be different from the tenant for the building The use is to be approved by town for renting the building Buyer/buyer's agent to perform your own due diligence. Interior access to property only to serious buyers. Title V to be requested upon written offer if applicable. The house needs some TLC and the building/greenhouse is in dis- repair. Single family house is approx 1546 sq ft and building/greenhouse is approx 2000 sq ft.

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: 773 sq ft (the lesser of 900 sq ft or half the 1,546 sq ft principal dwelling). Lot size: 25,001 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

Original Price$1,199,888
Annual Taxes$16,195.59

Parking

Garage1
Off-Street9

Interior Specifications

Total Rooms6
Fireplaces1
Flooring--
BasementFull

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningLB

Property & Lot

Acres0.57
SqFt Lot25,001
Lot FeaturesCorner Lot

Amenities & Appliances

Water Heater • Range • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

First
KitchenMaster BedroomBedroom 2Bedroom 3
Main,First
Living Room
Living Room
Lvl Main,First
Kitchen
Lvl First
Master Bedroom
Lvl First

Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Property History

Price Drop
$1,110,000

Was $1,199,888

May 6, 2026

MLS® 73365155

Listed
$1,199,888

Apr 26, 2025

MLS® 73365155

Listed
$1,110,000

Apr 11, 2025

MLS® 73358896

Listing Provided By

Listing Agent: Julie Tsakirgis Group

Listing Office: RE/MAX Property Shoppe, Inc.

MLS® Number: 73365155