
8 Oakmount Circle Lexington — Photo 1 of 42
$3,200,000
Investment Analysis — 8 Oakmount Circle
Lexington, MA 02420 — Merriam Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02420 carries an estimated $4,830/mo in gross rent — about a 0.40% cap rate and $12,844/yr in estimated NOI at the $3,200,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
4,047
Style
Single Family
Built
1922
One of Merriam Hill’s most admired properties, this distinguished 1922 Colonial Revival is set on over an acre in a tranquil setting overlooking “Granny” Pond, with beautiful views and memorable sunrises. Rich in architectural character and thoughtfully maintained over the years, the residence offers gracious proportions, 9-foot ceilings, exquisite period mouldings, handsome built-ins, and exceptional spaces for both everyday living and entertaining. A magnificent front-to-back living room serves as the heart of the home, with a fireplace, wall of built-in bookcases, vaulted ceiling, and beautifully detailed mouldings. The room opens seamlessly to a heated sunroom with sink and direct access to a private bluestone patio, extending the living space outdoors. The spacious kitchen offers tremendous flexibility, with a dedicated laundry area, work station, generous dining space beneath a distinctive turret like ceiling, and access to a wraparound deck. The elegant dining room features glass-front cabinetry, a butler’s pantry, and a folding door opening to the patio, creating an inviting setting for effortless summer entertaining.The expansive primary suite offers a fireplaced bedroom, full bath and a fireplaced private dressing room . Four additional bedrooms and a walk-up attic complete the second floor. The lower level features a knotty pine playroom with direct access to the rear grounds. A charming gardener’s cottage, attached to the 2 car garage, adds to the property’s unique appeal, versatility and possibilities.Surrounded by mature landscaping and exceptional outdoor spaces, this remarkable property combines the romance and craftsmanship of a bygone era with an enviable location. Just minutes from town center and within walking distance of all three schools, Cary Library, the Minuteman Bikeway, conservation and recreation areas, and major routes, this is a rare Merriam Hill offering of enduring character, privacy, and convenience.
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 4,047 sq ft principal dwelling). Lot size: 47,424 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
Water Heater • Tankless Water Heater • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26.666666666 x 14.333333333
Beamed Ceilings, Flooring - Hardwood, Crown Molding, Decorative Molding
Dining Room
Lvl Main,First14.583333333 x 14.166666666
Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony - Exterior, Wet Bar, Exterior Access, Decorative Molding
Kitchen
Lvl Main,First14.583333333 x 10.5
Cathedral Ceiling(s), Flooring - Wall to Wall Carpet, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Wet Bar, Country Kitchen, Deck - Exterior, Dryer Hookup - Electric, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Washer Hookup
Family Room
Lvl First15.5 x 13.083333333
Primary Bedroom
Lvl Second16.5 x 15.5
Bathroom - Full, Bathroom - Double Vanity/Sink, Closet, Flooring - Wall to Wall Carpet, Dressing Room, Decorative Molding
Bedroom 2
Lvl Second14.666666666 x 11.5
Bedroom 3
Lvl Second12.583333333 x 11.333333333
Closet, Flooring - Wall to Wall Carpet, Decorative Molding
Bedroom 4
Lvl Second13.5 x 11.5
Closet, Flooring - Wall to Wall Carpet, Decorative Molding
Bedroom 5
Lvl Second13 x 11.5
Bathroom 1
Lvl First7 x 4.75
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl Second9.333333333 x 7.5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Fireplace, Closet
Bathroom 3
Lvl Second11.5 x 5.5
Bathroom - Tiled With Shower Stall
Listing Agent: Lester Savage
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73579127