
51 Gleason Rd Lexington — Photo 1 of 41
$1,275,000
Investment Analysis — 51 Gleason Rd
Lexington, MA 02420 — The Manor
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02420 carries an estimated $4,830/mo in gross rent — about a 2.21% cap rate and $28,232/yr in estimated NOI at the $1,275,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,565
Style
Single Family
Built
1940
Expanded Cape in the sought-after Manor neighborhood, thoughtfully enhanced by a 1975 addition that created a grand family room with gleaming hardwood floors, a rustic stone fireplace, and sliders opening to a screened porch overlooking the yard. The flexible first floor offers a fireplaced living room, possible fourth bedroom, office, den, and dining room with built-in china cabinet. Upstairs, the spacious primary suite features a cathedral ceiling, fireplace, bay window, sliders to a private deck, full bath, and walk-in closet. Two additional bedrooms with built-ins and a full bath complete the second floor. Freshly painted with gleaming hardwood floors throughout. Ideally located near Kineens' Park, conservation areas, Valleyfield tennis courts, the Minuteman Bikeway, and Burlington Mall, with convenient access to area amenities and major 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 2,565 sq ft principal dwelling). Lot size: 6,300 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Tennis Court(s) • Park • Bike Path • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16.25 x 11.5
Flooring - Hardwood
Dining Room
Lvl First11.333333333 x 9.583333333
Closet/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl Main,First11.333333333 x 9.25
Flooring - Hardwood, Flooring - Wood
Office
Lvl First11.5 x 7.5
Flooring - Hardwood
Family Room
Lvl Main,First27 x 15.166666666
Flooring - Hardwood, Exterior Access, Recessed Lighting, Lighting - Overhead
Primary Bedroom
Lvl Second27 x 15.166666666
Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Deck - Exterior, Exterior Access, Recessed Lighting
Bedroom 2
Lvl Second21.833333333 x 12
Bedroom 3
Lvl Second21.833333333 x 12
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead
Bedroom 4
Lvl null13.333333333 x 11.333333333
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl First7.5 x 5
Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl Second7.916666666 x 5
Bathroom 3
Lvl Second7.25 x 5.333333333
Listing Agent: Lester Savage
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73579131