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20 Parsons Avenue Lynnfield — Photo 1 of 29

20 Parsons Avenue Lynnfield — Photo 1 of 29

$899,000

Investment Analysis — 20 Parsons Avenue

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 3.01% cap rate and $27,069/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,676

Style

Single Family

Built

1925

Fall in love with this beautifully updated modern home, ideally tucked away on a peaceful cul-de-sac in desirable historic Lynnfield! Just moments from the public schools, library and Lynnfield Market Place, this move-in-ready residence offers a bright, open floor plan perfectly suited for both everyday living and entertaining. The stylish kitchen, complete with stainless steel appliances, flows seamlessly into inviting living and dining spaces. Upstairs, the spacious primary bedroom offers excellent closet space, accompanied by two generously sized bedrooms, each with ample storage. The easily accessible basement provides abundant storage, while the oversized 300+ sqft heated garage offers incredible versatility for parking, a home office, gym, studio, workshop, or hobby space. Step outside to a beautiful patio overlooking the level backyard, an ideal setting for children to play, outdoor entertaining, or simply relaxing. Central A/C, a wonderful neighborhood setting, and a prime Lynnfield location make this a home you won’t want to miss!

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: 838 sq ft (the lesser of 900 sq ft or half the 1,676 sq ft principal dwelling). Lot size: 5,000 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

Original Price$899,000
Annual Taxes$8,499

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood
BasementFull

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningRA

Property & Lot

Acres0.11
SqFt Lot5,000
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenOfficeFamily Room
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Office
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Listing Provided By

Listing Agent: Ashley Desmond

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73576805