
7 Locust Avenue Lexington — Photo 1 of 39
$2,349,000
Investment Analysis — 7 Locust Avenue
Lexington, MA 02421 — Follen Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02421 carries an estimated $5,560/mo in gross rent — about a 0.90% cap rate and $21,077/yr in estimated NOI at the $2,349,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
5,013
Style
Single Family
Built
2005
***Open Houses Cancelled***From the moment you arrive, this exceptional custom-built Follen Hill residence makes a striking impression. A grand staircase, soaring ceilings, beautiful millwork, and oversized windows create an elegant entrance, while thoughtfully designed interiors offer a warm and inviting sense of refinement. Across three finished levels, the home features graciously proportioned spaces for both everyday living and entertaining. The chef’s kitchen is beautifully appointed with an oversized island, abundant cabinetry, walk-in pantry, double ovens, and premium built-in appliances. French doors from the breakfast nook open to a covered bluestone patio with a coffered cedar ceiling, recessed lighting, and ceiling fan, an inviting setting for morning coffee or dining alfresco. The formal dining room and fireplaced family room offer elegant spaces for entertaining, with double pocket doors separating the family room from the living room and a pocket door connecting the kitchen and dining room. French doors from the family room open to an additional patio and the beautifully landscaped, fenced-in yard. The luxurious fireplaced primary suite features a beautifully appointed bath and exceptional walk-in closet. Four additional bedrooms offer wonderful flexibility, including a secondary primary suite with a walk-in closet. The upper-level playroom is filled with natural light from skylights in the vaulted ceiling, while a separate bonus room can easily adapt to a home office, recreation room, or studio. The high-ceilinged unfinished basement offers excellent potential for a home gym or future finished space. Mature landscaping, charming gardens, and multiple outdoor living areas complement the architecture and create an inviting setting throughout the warmer months. A backup generator provides added comfort and peace of mind. Set on a picturesque, tree-lined street near Wilson Farm, the Minuteman Bikeway, and Lexington Center, this distinctive Follen Hill residence combines exceptional architectural character with refined interiors and a highly desirable location, offering easy access to the town’s coffee shops, boutiques, restaurants, and everyday conveniences.
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 5,013 sq ft principal dwelling). Lot size: 7,800 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 • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 5
Lvl ThirdBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Cil Cangiano
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73577907