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764 Lexington Street Waltham — Photo 1 of 17

764 Lexington Street Waltham — Photo 1 of 17

$599,000

Investment Analysis — 764 Lexington Street

Waltham, MA 02452

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02452 carries an estimated $3,840/mo in gross rent — about a 4.72% cap rate and $28,258/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,536

Style

Single Family

Built

1880

Excellent opportunity to build immediate equity in a highly sought-after Waltham locale. Set well back from the road on a generous 9,000 sq ft lot, this single-family home is ready for your vision to unlock its full potential. The property offers approximately 1,536 sq ft of living space, featuring 3 bedrooms, 2 full bathrooms, a 1-car garage and ample off-street parking. Recent updates include a newer forced-air gas heating system, newer hot water tank and 200-amp electrical service. The spacious lot, deep setback, and existing footprint offer tremendous value-add potential. A walk-up attic and unfinished basement provide additional opportunities to both expand living space or customize the home to your needs. Situated in a highly accessible neighborhood with easy access to major routes, shopping, dining, and area amenities, this is a compelling opportunity for investors and contractors looking for their next project, as well as end users looking to create and personalize their future home in a desirable location.

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: 768 sq ft (the lesser of 900 sq ft or half the 1,536 sq ft principal dwelling). Lot size: 9,000 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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Property Details

Financials

Original Price$599,000
Annual Taxes$6,763

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
FireplacesNone
FlooringHardwood
BasementFull, Interior Entry, Sump Pump, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres0.21
SqFt Lot9,000
Lot Features--

Amenities & Appliances

Range • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

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

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First
Primary Bedroom
Lvl Second

Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub

Bathroom 2
Lvl Second

Bathroom - 3/4, Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Delrose Mcshane Team

Listing Office: Coldwell Banker Realty - Belmont

MLS® Number: 73573050