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5 Clarner Rd Lynn — Photo 1 of 21

5 Clarner Rd Lynn — Photo 1 of 21

$640,000

Investment Analysis — 5 Clarner Rd

Lynn, MA 01904 — 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 3.40% cap rate and $21,748/yr in estimated NOI at the $640,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,604

Style

Single Family

Built

1950

Come take a look at this Great Ranch in Ward 1. This wonderful home has a lot of recent updates, such as newer windows, newer boiler, updated first floor bathroom. The kitchen has S.S. appliances and Oak cabinetry. The living room has a fireplace and hardwood flooring. There are three bedrooms on the first floor and there is a 2nd bathroom in the basement along with a laundry room and a large family or game room. This property has a large yard and off-street parking..

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: 802 sq ft (the lesser of 900 sq ft or half the 1,604 sq ft principal dwelling). Lot size: 7,501 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 MLS and other third-party data may be inaccurate or out of date.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$640,000
Annual Taxes$6,342

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile, Vinyl
BasementFull, Partially Finished, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.17
SqFt Lot7,501
Lot FeaturesCorner Lot

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3
Basement
Family Room
Living Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Vinyl

Family Room
Lvl Basement

Flooring - Vinyl

Primary Bedroom
Lvl First

Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Flooring - Hardwood

Listing Provided By

Listing Agent: Scott Moore

Listing Office: Berkshire Hathaway HomeServices Verani Realty

MLS® Number: 73565229