
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First24 x 9
Flooring - Hardwood, Cable Hookup, Exterior Access, Slider
Dining Room
Lvl First13 x 9
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Laminate
Kitchen
Lvl First11 x 18
Wood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Vinyl, Dining Area, Exterior Access
Primary Bedroom
Lvl Second13 x 15
Skylight, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Cable Hookup
Bedroom 2
Lvl Second9 x 16
Bedroom 3
Lvl Second22 x 8
Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup
Bathroom 1
Lvl First9 x 5
Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Laminate
Listing Agent: Matthew Czepiel
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73581945