340 Lowell Street Lexington — Photo 1 of 31
$1,150,000
Investment Analysis — 340 Lowell Street
Lexington, MA 02420
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02420 carries an estimated $4,830/mo in gross rent — about a 2.56% cap rate and $29,487/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,433
Style
Single Family
Built
1984
Spacious split-entry home in move-in condition, conveniently located near Harrington School, conservation areas, shopping, and major routes. The upper level features gleaming hardwood floors, a skylit kitchen, fireplaced living room, and dining area with access to a large deck. Three bedrooms and a convenient laundry complete the main level. The lower level offers excellent flexibility for an in-law apartment, with a large playroom/living room featuring sliders to the rear yard, plus two additional rooms ideal for bedrooms or offices. Freshly painted exterior and paved driveway complete the property.
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 2,433 sq ft principal dwelling). Lot size: 12,070 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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave
Neighborhood
Public Transportation • Shopping • Conservation Area • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First16.833333333 x 13.333333333
Flooring - Hardwood, Open Floorplan
Dining Room
Lvl Main,First11.166666666 x 10.5
Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Slider, Lighting - Overhead
Kitchen
Lvl Main,First13 x 10.166666666
Skylight, Flooring - Vinyl, Gas Stove
Family Room
Lvl Basement25.333333333 x 17.75
Wood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Exterior Access, Open Floorplan, Slider
Primary Bedroom
Lvl Main,First13.583333333 x 13
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Main,First13.5 x 10.833333333
Bedroom 3
Lvl Main,First10.833333333 x 10.833333333
Closet, Flooring - Hardwood
Bedroom 4
Lvl Basement12.666666666 x 11.666666666
Closet, Flooring - Wall to Wall Carpet
Bedroom 5
Lvl Basement12.5 x 11.583333333
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First10.166666666 x 6.75
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl Basement9 x 6.5
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Listing Agent: Lester Savage
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73585700
