232 Lincoln Street Lexington — Photo 1 of 42
Recent Drop: $146,000
$2,549,000
Investment Analysis — 232 Lincoln Street
Lexington, MA 02421
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02421 carries an estimated $5,560/mo in gross rent — about a 1.60% cap rate and $40,708/yr in estimated NOI at the $2,549,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
4,696
Style
Single Family
Built
2026
Just completed, amazing new construction by one of Lexington's most experienced builders. Very close to the Bridge Elementary School & Lexington High, & abutting conservation. This 5 bedroom house has 4 full & 1 1/2 bathroom, with 4,696 sf of finished living area. The millwork throughout the house is incredible, with custom built-in shelving in the formal living room & the family room. Both living & family rooms have fireplaces. The wainscoting continues up the staircase to the 2nd level (which has a skylight that allows tons of natural in). The chef's kitchen has all high-end S+S appliances & quartz countertops. The butlers pantry that connects the kitchen to the formal dining room has custom cabinets, a quartz countertop with an additional sink. The lower level has a wet bar, wine chiller & a dishwasher as well a full bathroom & 2 large bonus rooms. There is a 2 car garage that has direct access into the mudroom and half bathroom. Lincoln Field Recreation Center is 1/4 mile away.
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 4,696 sq ft principal dwelling). Lot size: 11,050 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.
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Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Tankless Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Wine Refrigerator • Vacuum System • Range Hood • Second Dishwasher • Stainless Steel Appliance(s) • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First20 x 13.5
Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan
Dining Room
Lvl Main,First14 x 12.4
Coffered Ceiling(s), Flooring - Hardwood, Open Floorplan, Wainscoting, Lighting - Overhead
Kitchen
Lvl Main,First22 x 13
Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wainscoting, Lighting - Pendant, Lighting - Overhead, Crown Molding
Family Room
Lvl Main,First22 x 13.3
Coffered Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Wainscoting, Crown Molding
Primary Bedroom
Lvl Second17.3 x 11.6
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Recessed Lighting, Crown Molding
Bedroom 2
Lvl Second13.2 x 12
Bedroom 3
Lvl Second13.2 x 12
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl Second18.3 x 9.6
Bathroom - Full, Bathroom - Double Vanity/Sink, Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 5
Lvl Second17.3 x 10
Bathroom - Full, Bathroom - Double Vanity/Sink, Closet, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl Second13.8 x 9.3
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Bathroom - Tiled With Tub & Shower, Skylight, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting
Bathroom 2
Lvl Second9.9 x 9.6
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Lighting - Sconce
Bathroom 3
Lvl Second9.4 x 7.4
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - Tiled With Tub, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Lighting - Sconce
Property History
$2,549,000
Was $2,599,000
Sep 8, 2026
MLS® 73496693
$2,599,000
Was $2,649,000
Jul 27, 2026
MLS® 73496693
$2,649,000
Was $2,695,000
Jun 16, 2026
MLS® 73496693
$2,695,000
Apr 6, 2026
MLS® 73496693
Listing Agent: Robert Cohen
Listing Office: Coldwell Banker Realty - Lexington
MLS® Number: 73496693