
8 Rangeway Lexington — Photo 1 of 42
$1,300,000
Investment Analysis — 8 Rangeway
Lexington, MA 02420
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 2.33% cap rate and $30,275/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,390
Style
Single Family
Built
1920
Move right into this stylishly renovated and meticulously maintained Colonial, delivering a versatile, open concept layout that is guaranteed to fit your family’s needs. The quiet, low-traffic street offers peace and privacy, set in a desirable neighborhood that is perfect for leisurely walks and enjoying a close connection with nature. The open concept living room provides a wonderful place to greet guests or simply spend time with family, featuring a large bay window and a seamless flow to the family room and kitchen beyond. The open concept, custom-designed kitchen is sure to inspire the chef with a brand-new stove, black granite counters, stylish white beadboard cabinetry, a breakfast bar island, recessed and pendant lighting, and a farmer’s sink. An oversized glass slider from the kitchen’s dining area welcomes the sunshine and delightful views, while opening to the deck, patio, and private backyard, perfect for easy outdoor living and recreation. This area also provides direct access to the garage for families managing an active lifestyle. The primary suite is a welcoming sanctuary at the end of a long day, featuring two large walk-in closets and a spa-like bathroom complete with a Jacuzzi tub, a tiled shower, and a modern white vanity. The family bedrooms are full of natural light and ample closet space, sharing the updated bathroom with a clawfoot soaking tub, a tiled shower, and a laundry area, adding to the home’s everyday ease. A finished room in the basement offers potential as a play area, exercise space, or additional storage. Commuters will appreciate convenient access to major highway routes and public transportation, while the Lexpress bus service nearby provides easy travel throughout Lexington and to the Burlington Mall. The town center and Minuteman Bikeway are a short drive from home. Outdoor enthusiasts will love having several conservation areas close by, offering wonderful opportunities for hiking and exploring the natural surroundings. Enjoy all this while being part of the highly desirable Lexington community.
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 2,390 sq ft principal dwelling). Lot size: 6,820 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.
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 11
Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting
Dining Room
Lvl First12 x 11
Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First22 x 16
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Lighting - Pendant
Family Room
Lvl First13 x 11
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Lighting - Overhead
Primary Bedroom
Lvl Second24 x 19
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second16 x 16
Bedroom 3
Lvl Second15 x 13
Flooring - Hardwood, Recessed Lighting, Closet - Double
Bedroom 4
Lvl Second15 x 12
Vaulted Ceiling(s), Flooring - Hardwood, Closet - Double
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Recessed Lighting, Soaking Tub
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Danielle Fleming
Listing Office: MA Properties
MLS® Number: 73579096