35 Alison Way Lynn — Photo 1 of 39
$799,000
Investment Analysis — 35 Alison Way
Lynn, MA 01904 — Ward 1
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01904 carries an estimated $3,390/mo in gross rent — about a 3.07% cap rate and $24,539/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,914
Style
Single Family
Built
1993
Modern finishes, sun-filled rooms, and a flexible layout come together in this recently renovated split-entry home in Lynn's desirable Ward 1 neighborhood. Set atop a hill on a cul-de-sac, this 4-bedroom, 2.5-bath home feels fresh and contemporary throughout. The main level offers three bedrooms and two full baths, while the lower level adds a fourth bedroom, a half bath, and versatile space for movie nights, a home office, or a gym. Updated appliances make everyday living easy, and rooftop solar is a welcome bonus. Host summer gatherings on the patio, relax in the large enclosed backyard, and enjoy the convenience of a two-car garage and spacious driveway. Quick highway access keeps commuting simple, and the trails of Lynn Woods Reservation are close by for hiking and outdoor fun. A stylish, refreshed home with room to spread out, inside and out.
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 1,914 sq ft principal dwelling). Lot size: 15,245 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
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second17.1 x 12.2
Dining Room
Lvl Second9.2 x 12.5
Kitchen
Lvl Second11.6 x 12.5
Primary Bedroom
Lvl Second12.2 x 12.5
Bedroom 2
Lvl Second14.7 x 11.8
Bedroom 3
Lvl Second11.2 x 11.8
Bedroom 4
Lvl First15.1 x 11.6
Bathroom 2
Lvl Second8.7 x 8.8
Bathroom 3
Lvl Second4.7 x 8.8
Listing Agent: Steven Novak
Listing Office: Douglas Elliman Real Estate - Newbury Street
MLS® Number: 73578576