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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 3,648 sqft |
| Lot size | 28,671 sqft |
| Year built | 1890 |
| Price / sqft | $267 |
| County | Essex |
| MLS # | 73560327 |
Listing status
| Days on market | 0 days |
| Listed on | August 6, 2026 |
Taxes & financials
| Annual property tax | $13,743 |
| Tax year | 2025 |
| Assessed value | $916,300 |
| Zoning | RA |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 9 |
| Lot size | 0.66 acres |
| Garage spaces | 2 |
| Parking spaces | 10 |
| Parking | Paved Drive |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Laminate, Hardwood, Carpet, Stone/Ceramic Tile |
Utilities & systems
| Cooling | Window Unit(s), None |
| Sewer | Private Sewer |
| Water | Public |
| Utilities | for Electric Range, for Electric Oven |
| Appliances | Range, Refrigerator |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 741 Salem Street, Lynnfield MA 01940 have?
It is a 2-unit multi-family property with 3,648 sqft of living area, built in 1890.
How long has 741 Salem Street, Lynnfield MA 01940 been on the market?
741 Salem Street, Lynnfield MA 01940 has been listed for 0 days (since August 6, 2026).
What is the price per unit?
At a list price of $974,900 across 2 units, that works out to roughly $487,450 per unit.
What are the property taxes on 741 Salem Street, Lynnfield MA 01940?
Annual property taxes are $13,743 (2025), on an assessed value of $916,300.
What is the price per square foot?
At $974,900 for 3,648 sqft, that's about $267 per square foot.
Is there parking?
2 garage spaces and 10 total parking spaces (paved drive).
Where is this property located?
741 Salem Street, Lynnfield MA 01940 is in Lynnfield, Essex County, MA 01940.
