
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19 x 16
Flooring - Wood, French Doors, Wet Bar
Dining Room
Lvl First12 x 11
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First12 x 11
Bathroom - Half, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Stainless Steel Appliances
Master Bedroom
Lvl Second16 x 14
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second15 x 12
Bedroom 3
Lvl Basement15 x 11
Bathroom - Full, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Countertops - Upgraded
Bathroom 3
Lvl SecondBathroom - Full, Countertops - Upgraded
Listing Agent: Karen Butt
Listing Office: Compass
MLS® Number: 73575663