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7 Geneva Avenue Lynn — Photo 1 of 33

7 Geneva Avenue Lynn — Photo 1 of 33

$525,000

Investment Analysis — 7 Geneva Avenue

Lynn, MA 01905

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01905 carries an estimated $2,560/mo in gross rent — about a 3.44% cap rate and $18,086/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,118

Style

Single Family

Built

1920

From the moment you pull up, this charming 2bed 1bath Cape just feels like home. Between the crisp contrasting trim, established plantings, and the private, fully fenced backyard, it strikes the perfect balance of picture-perfect curb appeal and everyday privacy. As you enter, sunlight floods the main living area, highlighting the gorgeous hardwood floors that flow naturally across the main level and up the staircase. If you love to host, the renovated kitchen is bound to be your favorite spot. Warm wood cabinetry, solid granite countertops, and stainless steel appliances pair with a broad central peninsula that lets guests hang out right where the action is without getting in the cook's way. Upstairs, polished wood floors extend through the hall and bedrooms, complemented by classic paneled doors and a freshly updated bath featuring modern marble-look tile, a clean-lined vanity, and a glass-enclosed shower with a mosaic accent band. Beyond its inviting look, this home offers total peace of mind with all the big-ticket maintenance already taken care of. Heavy-hitting capital improvements include a high-efficiency heating system and boiler installed in 2021, durable vinyl siding from 2016, a private vinyl-fenced yard added in 2022, new roof in 2019 and a brand-new hot water tank installed in October 2025. Complete with a deep paved driveway leading to the detached garage and a practical unfinished basement for laundry and storage, this property is truly 100% turnkey—all that's left to do is unpack, kick back, and enjoy.

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: 559 sq ft (the lesser of 900 sq ft or half the 1,118 sq ft principal dwelling). Lot size: 3,563 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$525,000
Annual Taxes$5,261

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Concrete, Hardwood
BasementInterior Entry, Concrete, Unfinished

Climate & Utilities

HeatingSteam, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
FoundationConcrete Perimeter, Block
ZoningR2

Property & Lot

Acres0.08
SqFt Lot3,563
Lot FeaturesCorner Lot

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Park • Golf • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First

20 x 17

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Recessed Lighting

Dining Room
Lvl First

9 x 11

Flooring - Hardwood

Kitchen
Lvl First

15 x 12

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Exterior Access, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl Second

20 x 10

Ceiling Fan(s), Coffered Ceiling(s), Flooring - Hardwood, Cable Hookup

Bedroom 2
Lvl Second

11 x 13

Bathroom 1
Lvl Second

8 x 6

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Carol Mcdonald

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73578814