741 Salem Street, Lynnfield MA 01940
Lynnfield, MA 01940
$974,900
Est. $6,275/month
Open House Schedule
08
Aug
Saturday, August 8
12:00 PM - 1:30 PM EDT
09
Aug
Sunday, August 9
12:00 PM - 1:30 PM EDT
About this home
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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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 6, 2026
$974,900
Original listing
Agent: Julie Tsakirgis Group
Office: RE/MAX Property Shoppe, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/06/2026 | 🏠 Listed for Sale | $974,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $13,743 | $916,300 |
Financial Details
Annual Property Tax
$13,743
Tax Year 2025
Assessed Value
$916,300
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1890
Living Area
3,648 sq ft
Lot Size
0.66 acres
Bedrooms
3
Full Baths
2
Half Baths
1
Total Rooms
9
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
Window Unit(s), None
Flooring
Wood, Tile, Laminate, Hardwood, Carpet, Stone/ceramic Tile
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
None
Features
Bathroom With Shower Stall, Cathedral/vaulted Ceilings, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Family Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Private Sewer
Gas
None
Other
For Electric Range, For Electric Oven
Financial
Annual Tax
$13,743
Assessed Value
$916,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property Newly Re Zoned To 2 Family Contingent Upon 20 Day Appeal Period Approx 8/31/26 Property Taxes Higher Because Seller Paying 1/2 Commercial Rate $21.36 Per Thousand Versus $11.46 Per Thousand Residential Rate Fireplaces Not Functional
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
green
Sq Ft Source
Other
Sq Ft Disclosures
floor plans attached
Documents
None
County
Essex
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1890
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,648 sq ft
Total Rooms
9
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,648 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Laminate, Hardwood, Carpet, Stone/Ceramic Tile
Appliances:
Range, Refrigerator
Interior Features:
Bathroom with Shower Stall, Cathedral/Vaulted Ceilings, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Family Room
Windows:
Insulated Windows, Storm Window(s)
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
1
Cooling:
Window Unit(s), None
Cooling Zones:
1
Hot Water:
Water Source:
Public
Sewer:
Private Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
10
Parking Features:
Paved Drive
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,145
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
741 Salem Street, Lynnfield MA 01940
Lynnfield, MA 01940
Listing Information
Listing Agent
Julie Tsakirgis Group
Listing Office
RE/MAX Property Shoppe, Inc.
Office Phone
781-595-0099
Agent MLS ID
TM003350
Office MLS ID
B95071
Listing Data Updated
Aug 6, 2026 2:31 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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