Active
2 Days on market
1015 Massachusetts Ave #1015 Lexington — Photo 1 of 29

1015 Massachusetts Ave #1015 Lexington — Photo 1 of 29

$1,050,000

Investment Analysis — 1015 Massachusetts Ave #1015

Lexington, MA 02420

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02420 carries an estimated $4,380/mo in gross rent — about a 1.89% cap rate and $19,795/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

2,079

Style

Condominium

Built

1976

Coveted East Village Square, a picturesque enclave of eleven units all inspired by classic and timeless New England architecture, is known as a treasured gem. Just one mile from vibrant Lexington center, here is a private oasis where you can embrace and celebrate the beautiful changing seasons of New England. With it’s meandering brick walkways and mature hardwood trees, hydrangeas and rhododendrons, simply walk out your front door to the cental green known by residents as “The Quad” for a truly peaceful and tranquil experience - you have just walked into a quintessential Lexington Postcard! The current owners have been impeccable stewards, wisely and thoughtfully investing in and advancing this pristine unit forward with modern systems, technology and contemporary finishes. On the long list of improvements: new Nordik windows (2023), newer roof (2018), composite deck (2023), new appliances (2026), new w/d (2025), new water heater (2023), patio door (2020). There are hardwood floors on the main levels, ample storage, and central air. This lovely townhouse enjoys a spacious living room with gas fireplace, and glass doors that lead seamlessly to a private deck, offering that coveted indoor/ outdoor symbiosis. This is a prized unit within the community - with it’s attached oversized two car garage, and private deck. The complex enjoys exclusive access to the Minuteman Bike Path. The Joyce Milner Meadow and The Great Arlington Meadow are steps from your front door. All of this in close proximity to upscale specialty marketplace Wilson Farms, one mile from Lex Center, public transportation, and of course the renowned Lexington Schools. If you are game for a low maintenance living situation combined with the many perks of private single family living, it may be time to retire the lawn mower and snow shovel! Come visit, as 1015 Massachusetts Avenue is a rare offering that perhaps should be explored.

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.

Open Houses

Property Details

Financials

Original Price$1,050,000
Annual Taxes$10,143
HOA Fee$834

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile, Carpet, Parquet, Flooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas, Individual
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningRT

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Basement
Bedroom 3
Living Room
Lvl First

19 x 16

Flooring - Wood, French Doors, Wet Bar

Dining Room
Lvl First

12 x 11

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl First

12 x 11

Bathroom - Half, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Stainless Steel Appliances

Master Bedroom
Lvl Second

16 x 14

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

Bedroom 2
Lvl Second

15 x 12

Bedroom 3
Lvl Basement

15 x 11

Bathroom - Full, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Half, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

Bathroom - Full, Countertops - Upgraded

Bathroom 3
Lvl Second

Bathroom - Full, Countertops - Upgraded

Listing Provided By

Listing Agent: Karen Butt

Listing Office: Compass

MLS® Number: 73575663