7 Freeman St Lynnfield — Photo 1 of 39
Recent Drop: $204,000
$3,395,000
Investment Analysis — 7 Freeman St
Lynnfield, MA 01940
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01940 carries an estimated $4,300/mo in gross rent — about a 0.59% cap rate and $20,118/yr in estimated NOI at the $3,395,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
6
SqFt
7,430
Style
Single Family
Built
2002
Set at the end of a quiet cul-de-sac, this 5-bedroom, 6-bath residence offers space, privacy, and a true indoor-outdoor lifestyle and is being offered fully furnished for a seamless, move-in-ready experience. A dramatic two-story foyer with a sweeping staircase leads into spacious, defined living areas with a natural flow for everyday living and entertaining. With over 6,300 sq ft, the home includes a finished lower level with a theatre room and recreation space, plus a top-floor bonus area ideal for a gym, office, or studio. A resort-style backyard features an in-ground pool, expansive patio, covered pavilion that defines the outdoor living space, and a private basketball court. A 1,000+ sq ft detached guest house with a full kitchen, bedroom, bath, and laundry offers flexibility for extended stays or guests. Convenient access to major routes and nearby amenities. A standout property offering space, function, and a strong indoor-outdoor lifestyle.
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 7,430 sq ft principal dwelling). Lot size: 30,048 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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Gas Water Heater • Range • Oven • Dishwasher • Disposal • Trash Compactor • Refrigerator
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Property History
$3,395,000
Was $3,599,000
May 26, 2026
MLS® 73508097
$3,599,000
Apr 27, 2026
MLS® 73508097
Listing Agent: The Sarkis Team
Listing Office: Douglas Elliman Real Estate - The Sarkis Team
MLS® Number: 73508097