10 Hayes Avenue Lexington — Photo 1 of 27
$1,599,000
Investment Analysis — 10 Hayes Avenue
Lexington, MA 02420
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 1.43% cap rate and $22,914/yr in estimated NOI at the $1,599,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
2,906
Style
Single Family
Built
1902
Grand in scale and rich with character, this Merriam Hill property offers an exceptional blend of timeless charm and generous living space. Rich hardwood floors, tall ceilings with wood detail, and air conditioning define the warmth of this classic home. The kitchen is flooded with light from its wall of windows that define the serene breakfast area. A stunning dining room features gorgeous boxed ceiling beams, and a fireplaced living room is equally warm and impressive with custom built ins.Five bedrooms are located on the upper floors. A three season deck provides a peaceful setting and is surrounded by mature plantings and trees adding to the beauty. Set in a much desired area, it is just a block from the Minuteman Bikeway/Trail. Stroll downtown to the restaurants, shops and cafés. Now is your chance to make Lexington home and experience everything it offers.
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 2,906 sq ft principal dwelling). Lot size: 10,000 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 • Oven • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, French Doors
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Exterior Access, Recessed Lighting, Peninsula
Master Bedroom
Lvl ThirdBathroom - Double Vanity/Sink, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bedroom 5
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Gina Anderson
Listing Office: MGS Group Real Estate LTD - Wellesley
MLS® Number: 73571157