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62 Chase Avenue Lexington — Photo 1 of 29

62 Chase Avenue Lexington — Photo 1 of 29

$849,900

Investment Analysis — 62 Chase Avenue

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 4.08% cap rate and $34,701/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,463

Style

Single Family

Built

1929

Character, versatility and a desirable Lexington setting come together in this three bedroom Craftsman tucked along a quiet dead-end street. A rare opportunity to get into Lexington at this price point offers buyers with vision the chance to customize this home. Offering 1,463 sq ft of living area, the home features hardwood flooring, built-in cabinetry and a wood stove that add warmth and character throughout. The first floor includes a living room with slider access to the enclosed porch, an eat-in kitchen with extensive wood cabinetry, a full bath and a dining room with custom built-ins. Upstairs are three bedrooms, including a spacious primary with hardwood floors, a walk-in closet and skylight, while another bedroom also features a skylight and the third offers hardwood floors and built-in storage. The walkout basement adds valuable bonus space potential, while the enclosed porch extends the living area and offers another spot to enjoy the surroundings. Outside, a patio, stone walls, storage shed and yard complement the property. Flexible living spaces and plenty of original character, this Lexington home offers an opportunity to make an already distinctive property your own.

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: 732 sq ft (the lesser of 900 sq ft or half the 1,463 sq ft principal dwelling). Lot size: 4,720 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$849,900
Annual Taxes$11,264

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces1
FlooringVinyl, Carpet, Concrete, Laminate, Hardwood
BasementPartially Finished, Walk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Oil, Other
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
FoundationStone
ZoningRS

Property & Lot

Acres0.11
SqFt Lot4,720
Lot Features--

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Refrigerator • Washer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

24 x 9

Flooring - Hardwood, Cable Hookup, Exterior Access, Slider

Dining Room
Lvl First

13 x 9

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Laminate

Kitchen
Lvl First

11 x 18

Wood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Vinyl, Dining Area, Exterior Access

Primary Bedroom
Lvl Second

13 x 15

Skylight, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Cable Hookup

Bedroom 2
Lvl Second

9 x 16

Bedroom 3
Lvl Second

22 x 8

Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup

Bathroom 1
Lvl First

9 x 5

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Laminate

Listing Provided By

Listing Agent: Matthew Czepiel

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73581945