Active
63 Days on market
145 Emerson Gardens Rd #145 Lexington — Photo 1 of 18

145 Emerson Gardens Rd #145 Lexington — Photo 1 of 18

Recent Drop: $10,000

$625,000
$615,000

$615,000

Investment Analysis — 145 Emerson Gardens Rd #145

Lexington, MA 02420

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02420 carries an estimated $3,650/mo in gross rent — about a 3.15% cap rate and $19,396/yr in estimated NOI at the $615,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,160

Style

Condominium

Built

1965

Excellent investment opportunity in Lexington! Enjoy immediate cash flow from day one with a tenant already in place! Spacious 2-bedroom condo in the highly sought-after Emerson Gardens. This property offers outstanding rental history with its prime location and access to Lexington’s top-rated, world-class public schools. Perfect for commuters, it features easy access to major highway routes and public transportation, ensuring a seamless commute. Inside, enjoy a renovated bathroom and the convenience of an in-unit washer and dryer. Condo fee covers heat and hot water, significantly lowering monthly utility costs. Amenities include one assigned parking space, ample guest parking, a lovely association swimming pool, and nearby biking/jogging trails. Exceptionally close to shopping, dining, and premier supermarkets (H-Mart, Market Basket, Whole Foods, Trader Joe's). Don't miss this turnkey investment in one of Massachusetts' most desirable towns!

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$625,000
Annual Taxes$7,078
HOA Fee$567.82

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingOil
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningRO

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Neighborhood

Pool • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First

Closet

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - With Tub

Property History

Price Drop
$615,000

Was $620,000

Aug 20, 2026

MLS® 73549365

Price Drop
$620,000

Was $625,000

Jul 22, 2026

MLS® 73549365

Listed
$625,000

Jul 13, 2026

MLS® 73549365

Listing Provided By

Listing Agent: Sara You

Listing Office: Premier Realty Group

MLS® Number: 73549365