48 Locksley Rd Lynnfield — Photo 1 of 37
$1,329,999
Investment Analysis — 48 Locksley Rd
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 1.47% cap rate and $19,608/yr in estimated NOI at the $1,329,999 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,581
Style
Single Family
Built
1952
What a beautiful place to call home. The private back yard facing Suntaug Lake is the perfect canvas for outdoor entertaining. Thoughtful landscaping, upper and lower patios and expansive views will help you great each day in nature. This home looks demure from the curb but the inside space offers so much opportunity to build a floor plan that will cater to the views and allow for todays lifestyle. The sunfilled Dining, Living Room & handsome home office all face the grounds and lake. What beautiful spaces to eat, entertain and work! Upstairs A generous primary ensuite with dressing area, steam shower and cedar closet. 2 additional bedrooms and a full bath complete the 2nd level. Full unfinished walkout basement with fireplace offers additional living space for gym, or game room or both. Live like your on vacation every day yet 13 miles to Boston and 2 miles to Market St. shops and restaurants. Lynnfield offers excellent schools and easy access to RTE 128/95/93. Lakefront potential meets instant equity. Showings begin at 1st OH FRIDAY 4p-530p. Floorplans coming...
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 2,581 sq ft principal dwelling). Lot size: 40,001 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Medical Facility • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 17
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting
Dining Room
Lvl First17 x 11
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting
Kitchen
Lvl First17 x 13
Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Office
Lvl First13 x 10
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Master Bedroom
Lvl Second23 x 12
Cedar Closet(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second14 x 11
Bedroom 3
Lvl Second22 x 9
Closet, Flooring - Wall to Wall Carpet
Listing Agent: Louise Touchette Team
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73575007