Active Under Contract
8 Days on market
28 Middle St Lexington — Photo 1 of 24

28 Middle St Lexington — Photo 1 of 24

$900,000

Investment Analysis — 28 Middle St

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 3.67% cap rate and $32,990/yr in estimated NOI at the $900,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,580

Style

Single Family

Built

1954

Storybook Cape on a side street close to the Old Res beach, conservation gardens and trails, with quick access to commuter routes. Three bedrooms, including the front-to-back primary bedroom has a walk-in closet, and two full baths. You’ll love classic details like a living room centered on a fireplace, an eat-in kitchen with updated appliances, and hardwood floors. Fresh new carpeting upstairs, some newly replaced windows, partial new roof with solar panels, and freshly painted inside and out. A bonus rec room with a second fireplace in the basement (not included in our living area measurement) offers space to play, create, work out, or lounge and watch TV. Big level backyard, perfect for a swing set and kicking a ball around. Lots of parking in the long driveway, with room for a basketball hoop. Get into Lexington’s top-rated school system!

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: 790 sq ft (the lesser of 900 sq ft or half the 1,580 sq ft principal dwelling). Lot size: 19,856 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$900,000
Annual Taxes$12,975

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms7
Fireplaces2
Flooring--
BasementFull

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRS

Property & Lot

Acres0.46
SqFt Lot19,856
Lot Features--

Neighborhood

Public Transportation • Walk/Jog Trails • Conservation Area • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

17 x 12

Flooring - Hardwood

Kitchen
Lvl First

13 x 13

Family Room
Lvl First

25 x 11

Flooring - Hardwood

Primary Bedroom
Lvl Second

14 x 11

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

15 x 10

Bedroom 3
Lvl Second

11 x 10

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: The Janovitztse Team

Listing Office: Compass

MLS® Number: 73579204