
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.
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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstPrimary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub
Bathroom 2
Lvl SecondBathroom - 3/4, Bathroom - With Shower Stall
Listing Agent: Delrose Mcshane Team
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73573050