
106 N Hancock St Lexington — Photo 1 of 42
$1,335,000
Investment Analysis — 106 N Hancock St
Lexington, MA 02420 — The Manor
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02420 carries an estimated $4,380/mo in gross rent — about a 1.69% cap rate and $22,540/yr in estimated NOI at the $1,335,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
3,018
Style
Single Family
Built
1963
Meticulously maintained and bursting with pride of ownership, 106 North Hancock Street is ready for its next chapter. This spacious Royal Barry Wills Grand Cape is set back from the street on a large corner lot in Lexington’s desirable Manor neighborhood. Mature trees and established landscaping create wonderful curb appeal while offering a sense of privacy right in the heart of the neighborhood. Less than a mile from Lexington Center and the historic Battle Green, and just steps to Diamond Middle School, the Minuteman Bike Path, and Parker Meadow, the location is hard to beat. Commuters will appreciate convenient access to highway routes along with multiple options for reaching Alewife and Boston. The home’s sprawling layout and large rooms distinguish this Grand Cape from a more traditional Cape-style floor plan, offering versatility for a variety of living arrangements. The formal living room offers a fireplace with an electric insert and direct access to the three-season sunroom, a delightful retreat for morning coffee, relaxing at the end of the day, or simply taking in the changing seasons. The updated kitchen, featuring granite counters, recessed lighting, a desk area, and a built-in microwave, connects seamlessly with the dining and family rooms, creating a comfortable hub for daily life and entertaining. The formal dining room offers a bay of windows overlooking the backyard and plenty of space for hosting friends and family. The bright and sunny family room with a fireplace provides direct access to the patio and fully fenced yard beyond, while expansive views of the backyard bring the outdoors in. Whether hosting summer gatherings, relaxing around the firepit, gardening, or enjoying a quiet afternoon beneath the trees, the backyard feels like a private oasis. A first-floor bedroom suite adds flexibility, offering the potential for a main-level primary suite or a comfortable space for guests or extended family. Upstairs, two generous front-to-back bedrooms provide more options, including the possibility of a second-floor primary bedroom with a full bath conveniently located nearby. The beautifully updated bathroom features a tiled tub and shower, while the other large bedroom offers an ample double closet and lots of natural light. The finished lower level offers a dedicated private office, another updated full bathroom, and a multi-purpose game room perfect for movie nights, exercise or guest accommodations. Nothing left to do but move right in!
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 3,018 sq ft principal dwelling). Lot size: 23,776 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 14
Flooring - Hardwood, Exterior Access
Dining Room
Lvl First17 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead
Kitchen
Lvl First18 x 10
Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Lighting - Pendant
Office
Lvl Basement16 x 13
Flooring - Stone/Ceramic Tile, Recessed Lighting, Closet - Double
Family Room
Lvl First24 x 16
Flooring - Hardwood, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First14 x 14
Bathroom - Full, Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl Second20 x 14
Bedroom 3
Lvl Second18 x 11
Flooring - Hardwood, Lighting - Overhead, Closet - Double
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl BasementBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Danielle Fleming
Listing Office: MA Properties
MLS® Number: 73575439
