$1,280,000
Investment Analysis — 24 Fletcher Ave
Lexington, MA 02420
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02420 carries an estimated $7,300/mo in gross rent — about a 4.20% cap rate and $53,786/yr in estimated NOI at the $1,280,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,827
Style
2 Family - 2 Units Up/Down
Built
1890
Beautiful Colonial style two family home with wrap around front porch, off street parking, and a level backyard. First floor unit has two spacious bedrooms, a corner living room with abundant natural light, generous sized kitchen, bath with tub, and direct access to a level, scenic backyard. Unit was recently (2026) renovated with freshly refinished hardwood floors, central AC, new doors, new light fixtures, and fresh paint. Second floor unit has two bedrooms, hardwood floors, a bright front facing bathroom, extra attic storage, generous sized kitchen with an eat in area. Exterior improvements include new roof, rebuilt soffits, and new aluminum gutters (2026); rebuilt front porch, newer siding, and freshly painted exterior (2024). Desirable location. Convenient to Town Hall, library, post office, restaurants, Lexington Green, Minuteman Commuter Bikeway, Wilson Farms, and major routes. Solid rental history. Good investment opportunity for owner occupier or investor.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Mark O'Donnell
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73571461