1 Constitution Rd Lexington — Photo 1 of 34
Recent Drop: $50,000
$949,000
Investment Analysis — 1 Constitution Rd
Lexington, MA 02421
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02421 carries an estimated $5,040/mo in gross rent — about a 3.66% cap rate and $34,714/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,372
Style
Single Family
Built
1963
Beautiful and FULLY de-leaded Cape in a desirable Lexington neighborhood, just steps from public transportation and within walking distance to town center and schools. The inviting main level features an open-concept living and dining area with a charming fireplace and hardwood floors, creating a warm and welcoming space for everyday living and entertaining. The stylish kitchen offers light gray shaker-style cabinetry, subway tile backsplash, white beadboard ceiling, and hardwood floors. A flexible floor plan provides options for a home office, bedroom, or formal dining space, with classic wainscoting adding some character. Mini-splits throughout the home provide efficient heating & central air conditioning for year-round comfort. Outside, enjoy summer days on the spacious patio overlooking a private backyard with a storage shed. Conveniently located near historic Minuteman National Historical Park, walking and biking trails, and major highways, this home offers the perfect blend of charm, modern updates, and convenience.
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: 686 sq ft (the lesser of 900 sq ft or half the 1,372 sq ft principal dwelling). Lot size: 12,588 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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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Walk/Jog Trails • Golf • Bike Path • Conservation Area • Highway Access
Geography
Property History
$949,000
Was $989,000
Sep 7, 2026
MLS® 73565983
$989,000
Was $999,000
Aug 26, 2026
MLS® 73565983
$999,000
Aug 20, 2026
MLS® 73565983
Listing Agent: Team Smith
Listing Office: Flow Realty, Inc.
MLS® Number: 73565983
