42 Thistle Street Lynn — Photo 1 of 36
$749,900
Investment Analysis — 42 Thistle Street
Lynn, MA 01905
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01905 carries an estimated $3,080/mo in gross rent — about a 2.80% cap rate and $21,023/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,825
Style
Single Family
Built
1983
Welcome to 42 Thistle Street, a charming Colonial offering comfortable living, thoughtful updates & TONS of potential! Step through the front door into an inviting open concept dining area and gourmet kitchen featuring recessed lighting, stainless steel appliances, quartz countertops, and a convenient half bath with laundry. The spacious front-to-back living room includes great natural light and a cozy fireplace with a slider leading to the outdoor deck. An outdoor space perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite complete with an updated full bathroom, along with two additional bedrooms and a second full bathroom. The unfinished basement offers excellent potential for future finished living space, whether you’re looking for a home office, recreation room, or additional storage. Large driveway provides parking for 4+ cars. TWO storage sheds. Ideally located near shopping & restaurants with major highway access and close proximity to walking path of Gannon Golf Course. This home combines comfort and convenience in a great Lynn location.
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: 900 sq ft (the lesser of 900 sq ft or half the 1,825 sq ft principal dwelling). Lot size: 14,444 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Recessed Lighting, Slider
Dining Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood, Balcony / Deck, Slider
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Katie Billingsley
Listing Office: Century 21 North East
MLS® Number: 73568900