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29 Patterson Rd Lexington — Photo 1 of 37

29 Patterson Rd Lexington — Photo 1 of 37

$1,480,000

Investment Analysis — 29 Patterson Rd

Lexington, MA 02421

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02421 carries an estimated $5,560/mo in gross rent — about a 2.21% cap rate and $32,734/yr in estimated NOI at the $1,480,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

3,240

Style

Single Family

Built

1953

Beautifully renovated Contemporary set on a private 0.59-acre lot in a desirable Lexington cul-de-sac neighborhood. This spacious 4-bedroom, 3-full-bath home offers a bright, flexible layout with hardwood floors, abundant natural light, and extensive updates throughout. The main level features an expansive fireplaced family room, dining room, living room, and kitchen with newer appliances. A distinctive upper-level living space showcases new floor-to-ceiling sound-insulated windows, upgraded sliders, custom cabinetry with sink, new hardwood floor and abundant recessed lighting. The bedroom level offers generously sized rooms with enlarged, upgraded sound-insulated windows, renovated baths, and new hardwood floors. The lower level has been thoughtfully reconfigured with a spacious bedroom/flex room, renovated full bath with shower, added laundry, and new flooring. Extensive improvements since 2021 include a new boiler, electrical upgrades, refinished and new hardwood floors, upgraded windows and doors, renovated bathrooms, recessed lighting throughout, and fresh interior and exterior paint. Outside, the removal of 20+ trees has opened up the property to significantly more natural light. A redesigned front entrance, new stone walkways, improved driveway and carport access, and a new pathway to the backyard enhance both curb appeal and everyday living. Conveniently located near Lexington schools, shopping, recreation, and major commuter routes.

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: 900 sq ft (the lesser of 900 sq ft or half the 3,240 sq ft principal dwelling). Lot size: 25,519 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.

Property Details

Financials

Original Price$1,480,000
Annual Taxes$17,973

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Hardwood
BasementPartial, Interior Entry

Climate & Utilities

HeatingForced Air, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofTar/Gravel, Rubber
FoundationConcrete Perimeter, Block
ZoningRO

Property & Lot

Acres0.59
SqFt Lot25,519
Lot FeaturesCul-De-Sac, Sloped

Amenities & Appliances

Water Heater • Range • Oven • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Golf • Medical Facility • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenFamily Room
Basement
Bedroom 4Bathroom 3
Living Room
Lvl First

12 x 21

Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Dining Room
Lvl First

12 x 15

Flooring - Stone/Ceramic Tile, Recessed Lighting

Kitchen
Lvl First

11 x 16

Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Kitchen Island, Recessed Lighting

Family Room
Lvl First

26 x 34

Flooring - Hardwood, Recessed Lighting

Primary Bedroom
Lvl Second

11 x 20

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second

11 x 11

Bedroom 3
Lvl Second

13 x 15

Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead

Bedroom 4
Lvl Basement

11 x 20

Closet, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 1
Lvl Second

5 x 9

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 2
Lvl Second

5 x 11

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Double Vanity, Lighting - Sconce

Bathroom 3
Lvl Basement

6 x 9

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

Listing Provided By

Listing Agent: Ning Sun

Listing Office: United Real Estate, LLC

MLS® Number: 73579017