Investment Analysis — 242 Lincoln Street

Lexington, MA 02421

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02421 carries an estimated $5,040/mo in gross rent — about a 3.62% cap rate and $33,631/yr in estimated NOI at the $929,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,299

Style

Single Family

Built

1927

Attention Developers and Builders.....Owned by the same family for over 50 years, this home is ready to be transformed for the next family. This well located lot abuts conservation land and is very close to Bridge Elementary School and Lexington High. Whether you are looking for a renovation/addition project, or a new build, this is the one you've been waiting for. The house is set back from the road with an expansive backyard,. The woodwork in the home is the perfect backdrop to the traditional layout with living, dining and kitchen on the first floor and three bedrooms and bath on the second. Bring your ideas and creative vision to make this home your own.

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: 650 sq ft (the lesser of 900 sq ft or half the 1,299 sq ft principal dwelling). Lot size: 11,774 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 MLS and other third-party data may be inaccurate or out of date.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.