$1,110,000
↓ $90K (7.5%)
●
House -
For Sale
344 Broadway
Lynnfield, MA 01940
3 Beds
1 Bath
1,546 Ft²
$6,800
Est. Monthly
2.20%
Cap Rate
About This Property
Unique property located on route 1 south bound. 210 ' of frontage
right on route 1 consists of single family all brick dwelling
and a building/greenhouse that once housed a florist. .Fantastic
visibility! Thousands of vehicles passing by daily !
Opportunity knocks for certain businesses such as home
office, garden, nurseries, child care, education, non profit,
religious etc. The property can be rented out to 2 DIFFERENT
TENANTS The tenant for the house can be different from the
tenant for the building The use is to be approved by town for
renting the building Buyer/buyer's agent to perform
your own due diligence. Interior access to property only to serious
buyers. Title V to be requested upon written offer if
applicable. The house needs some TLC and the building/greenhouse is
in dis- repair. Single family house is approx 1546 sq ft and
building/greenhouse is approx 2000 sq ft.
Unit Size
1,546 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$718
Property Type
House
Property Taxes
$1,350
HOA Dues
-
Year Built
1934
Listed By
Julie Tsakirgis Group
RE/MAX Property Shoppe, Inc.
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 26 days ago (MLSPIN #73365155)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Price Decreased |
$1,110,000
↓ $90K
(7.5%) | |
| Price Decreased | |||
| Apr 26, 2025 | Listed by RE/MAX Property Shoppe, Inc. | $1,199,888 | |
| Listed by RE/MAX Property Shoppe, Inc. | |||
| Apr 11, 2025 | Listed by RE/MAX Property Shoppe, Inc. | $1,199,888 | |
| Listed by RE/MAX Property Shoppe, Inc. | |||
   | |||
|
PRICE REDUCTION!Unique property consist of a brick single family dwelling and building with greenhouse located on route 1 south bound. 210 ' of frontage right on route 1.Fantastic visibility! Thousands of vehicles passing by daily ! The property can be rented out to 2 DIFFERENT TENANTS The tenant for the house can be different from the tenant for the building The use is to be approved by town Buyer/buyer's agent to perform your own due diligence. Title V to be requested upon written offer if applicable.The single family dwelling needs TLC and the building with greenhouse is in dis-repair.Single family home living space is approx 1546 and the building/greenhouse is approx 2000 sq ft.Zoning is residential any additional use needs BOA Approval.
| |||
| Aug 17, 2018 | Sold | ||
| Sold | |||
| May 13, 2018 | Listed by RE/MAX Property Shoppe, Inc. | $699,000 | |
| Listed by RE/MAX Property Shoppe, Inc. | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Paved, Off Street, Paved
Garage Spaces: 1
Open Parking Spaces: 8
Interior Details
Full Bathrooms: 1
Interior Features: Bonus Room
Appliances: Water Heater, Range, Refrigerator, Washer, Dryer
Laundry Features: In Basement, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full
Exterior Details
Square Footage: 1546
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1934
Building Area Total: 1546
Building Area Units: Square Feet
Lot Features: Corner Lot
Lot Size Area: 0.57
Lot Size Units: Acres
Lot Size Acres: 0.57
Lot Size Square Feet: 25001
Water Source: Public
Financial Details
Tax Assessed Value: $886
Tax Annual Amount: $16,196
Utilities Details
Cooling Type: Central Air
Heating Type: Baseboard, Oil
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017