Investment Analysis — 678 Massachusetts Ave #1

Lexington, MA 02421

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02421 carries an estimated $4,200/mo in gross rent — about a 1.43% cap rate and $25,698/yr in estimated NOI at the $1,800,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,800

Style

Single Family

Built

1832

THIS IS A TOWNHOME, SINGLE FAMILY ALTERNATIVE. Lexington builder Matt Thenen and his team — known for exacting historic work as well as beautiful and functional spaces — have created another masterpiece! In a world of cost-cutting bland boxes, this new project stands as a tribute to a different approach, a better approach. THIS Custom two-bedroom condo in Lexington is an historic house fully renovated and improved with new construction. One-level living, oversized garage and extra parking, generous yard space and patio, high-end finishes throughout, and exceptional energy efficiency. Steps to Wilson Farm, parks, and the bike path; easy Route 2 access for commuters.Historic charm. Effortless living. Ready for your next chapter — or your first. With the exception of the first weekend of open houses; showings will be private and accompanied.

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 1,800 sq ft principal dwelling). Lot size: 9,988 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.

Financials

Original Price$1,800,000

Annual Taxes$12,605.5

Parking

Garage1

Off-Street5

Interior Specifications

Total Rooms9

Fireplaces1

FlooringWood, Tile, Carpet, Hardwood, Pine, Renewable/Sustainable Flooring Materials, CRI Green Label Plus Certified Carpet, Flooring - Hardwood

BasementNone

Climate & Utilities

HeatingCentral, ENERGY STAR Qualified Equipment, Air Source Heat Pumps (ASHP)

CoolingCentral Air, ENERGY STAR Qualified Equipment, Air Source Heat Pumps (ASHP)

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6), Frame

RoofRubber, Asphalt/Composition Shingles

FoundationConcrete Perimeter, Stone

ZoningRT

Property & Lot

Acres0.23

SqFt Lot9,988

Lot FeaturesCorner Lot, Level

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood • Oven