
42 Piedmont St Lynn — Photo 1 of 31
$639,000
Investment Analysis — 42 Piedmont St
Lynn, MA 01904 — Wyoma Square - Ward 1
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 3.42% cap rate and $21,842/yr in estimated NOI at the $639,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,472
Style
Single Family
Built
1930
Welcome to 42 Piedmont Street, one of Lynn's most desirable Ward 1 neighborhoods. Cherished by the same family for nearly 50 years and nestled on a quiet, dead end street, this 7 room, 3 bedroom, 2 full bath colonial offers the perfect blend of New England Character and everyday functionality. The first floor features a spacious living room, dining room, and kitchen with a versatile layout, perfect for today's lifestyle. A fabulous, newer addition off the kitchen rounds out the first floor, providing easy, convenient access to a full bath with laundry facilities. Upstairs provides three nice sized bedrooms, all with hardwood flooring and great closet space. Both wood and pellet stoves add warmth throughout the entire living area. Additional highlights include an open, spacious basement perfect for multiple uses, a three-season porch with deck overlooking the peaceful back yard, ideally suited for entertaining family and friends. Throw into the mix a newer roof with architectural singles, an oversized, detached 1-car garage, whole house generator, neatly maintained landscaping in a locale close to public schools, shopping, restaurants, major highways and commuter routes. Comfort, practicality and convenience - these ingredients combined together, make this a great place to call home!
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: 736 sq ft (the lesser of 900 sq ft or half the 1,472 sq ft principal dwelling). Lot size: 5,001 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First15 x 12
Wood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet
Dining Room
Lvl Main,First12.5 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Lighting - Overhead
Kitchen
Lvl First12.5 x 12
Flooring - Vinyl, Lighting - Overhead
Family Room
Lvl Basement25 x 21
Wood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Open Floorplan, Lighting - Overhead
Primary Bedroom
Lvl Second13.5 x 11.5
Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second12.5 x 11
Bedroom 3
Lvl Second13.5 x 8.5
Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl First18 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Laminate, Lighting - Pendant
Bathroom 2
Lvl Second9 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Lighting - Overhead
Listing Agent: James Fitzgerald
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73564482