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Canceled

741 Salem Street, Lynnfield MA 01940

$974,900

Estimated $2,726/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $487,450

Total Rent: 0/year

Estimated CAP Rate:

3 Bedrooms

Baths

3648

Total Parking: 12 (2 Garage)

28,671 (0.66)

A RARE OPPORTUNITY! NEWLY RE-ZONED SINGLE FAMILY HOME NOW A 2 FAMILY this unique owner occupied property offers outstanding flexibility for both owner occupants & investors. Originally a single-family home, it has been thoughtfully reconfigured while maintaining its character & charm.1st floor apartment features 4 rooms w/a spacious 1BR layout bright and dramatic living .2nd apartment spans the 2nd & 3rd floors, The impressive third floor showcases soaring ceilings w/ exposed beams,creating a bright & dramatic living space, along w/finished storage areas that provide exceptional versatility.Whether you're looking for rental income, multi-generational living, or an owner-occupied investment, this newly rezoned two-family presents a rare opportunity with spacious layouts and endless potential. Detached expanded garage with attached 2nd bay Beautiful oversized almost 3/4 acre level lot 4 BR septic Roof approx 6 years 1st floor kitchen needs re- freshening. What makes this home truly special is its remarkable architectural character & timeless craftsmanship.exposed beamed ceilings, and three beautiful fireplace mantels create warmth & elegance throughout. A stunning round turret wrapped in windows,This is more than a home it's a property w/ character, history, & a presence that simply cannot be replicated.

This home has been viewed 15 times

Last Checked: August 9th, 2026 at 4:29am (Source: MLS PIN #73560327)

Gross Income: $0

Gross Expenses: $13,742

Net Income Calc: $13,742

Water Views

Annual Expenses for 741 Salem Street, Lynnfield MA 01940

Total Gross Expenses (Calculated)$13,742/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13742.77

Annual Income & Unit Breakdown for 741 Salem Street, Lynnfield MA 01940

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 741 Salem Street, Lynnfield MA 01940

Listing ID73560327

Property TypeMulti Family

Price974900 ($267.24/SqFt)

StyleMulti Family

CityLynnfield

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3648

Approximate Lot Size (Acres)0.66

Total Parking12 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPrivate Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area576

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 741 Salem Street, Lynnfield MA 01940

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5A

ExclusionsTenants Belongings.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 741 Salem Street, Lynnfield MA 01940

Real Estate Taxes13742.77

Tax Year2025

Assessed Value$916,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 741 Salem Street, Lynnfield MA 01940

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 741 Salem Street, Lynnfield MA 01940

Agent

Name: Julie Tsakirgis Group

Office

Name: RE/MAX Property Shoppe, Inc.

Phone: 781-595-0099

Team Members

Payment Calculator

, Interest

Property Taxes 1145.23

Principal & Interest 6007.02

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Property Shoppe, Inc.

Julie Tsakirgis Group

Agent Phone

Office Phone

(781) 595-0099

Text Agent Call Agent Call Office

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    [description] => A RARE OPPORTUNITY! NEWLY RE-ZONED SINGLE FAMILY HOME NOW A  2 FAMILY this unique owner occupied property offers outstanding flexibility for both owner occupants & investors. Originally a single-family home, it has been thoughtfully reconfigured while maintaining its character & charm.1st floor apartment features 4 rooms w/a spacious 1BR layout bright and dramatic living .2nd  apartment spans the 2nd & 3rd  floors, The impressive third floor showcases soaring ceilings w/ exposed beams,creating a bright & dramatic living space, along w/finished storage areas that provide exceptional versatility.Whether you're looking for rental income, multi-generational living, or an owner-occupied investment, this newly rezoned two-family presents a rare opportunity with spacious layouts and endless potential. Detached expanded garage with attached 2nd bay Beautiful oversized almost 3/4 acre level lot  4 BR septic Roof approx 6 years 1st floor kitchen needs re- freshening. What makes this home truly special is its remarkable architectural character &  timeless craftsmanship.exposed beamed ceilings, and three beautiful fireplace mantels create warmth & elegance throughout. A stunning round turret wrapped in windows,This is more than a home it's a property w/ character, history, & a presence that simply cannot be replicated.
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    [unparsed] => 741 Salem Street, Lynnfield MA 01940
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EXIT

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