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8 Rangeway Lexington — Photo 1 of 42

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.

View Standard Listing

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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$1,300,000
Annual Taxes$13,775

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms9
FireplacesNone
FlooringTile, Hardwood, Flooring - Vinyl
BasementFinished, Interior Entry

Climate & Utilities

HeatingBaseboard, Heat Pump, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRO

Property & Lot

Acres0.16
SqFt Lot6,820
Lot FeaturesLevel

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

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 3
Living Room
Lvl First

13 x 11

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

12 x 11

Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl First

22 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 First

13 x 11

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Lighting - Overhead

Primary Bedroom
Lvl Second

24 x 19

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

16 x 16

Bedroom 3
Lvl Second

15 x 13

Flooring - Hardwood, Recessed Lighting, Closet - Double

Bedroom 4
Lvl Second

15 x 12

Vaulted Ceiling(s), Flooring - Hardwood, Closet - Double

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Recessed Lighting, Soaking Tub

Bathroom 3
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Danielle Fleming

Listing Office: MA Properties

MLS® Number: 73579096