
154 Old Spring St Lexington — Photo 1 of 41
$1,949,000
Investment Analysis — 154 Old Spring St
Lexington, MA 02421
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02421 carries an estimated $5,560/mo in gross rent — about a 1.52% cap rate and $29,706/yr in estimated NOI at the $1,949,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4
SqFt
3,904
Style
Single Family
Built
1997
Set on a beautifully landscaped corner lot this sun-filled classic center-entrance Colonial offers over 3,900 square feet of thoughtfully updated living space across three levels. From the moment you step into the two-story foyer with its curved staircase, this property strikes the balance of warmth and polish that makes a house feel like home. The heart of the home is a stunning open-concept kitchen, fully equipped with everything a chef dreams of including granite countertops, a large center island, stainless steel appliances, a wine fridge, and a sunny window seat overlooking the professionally landscaped backyard and patio. A large family room with a custom-built fireplace surround and crown molding, an elegant dining room with wainscoting and chair rail, and a main-level office or additional living room round out the first floor — plus a full bath nearby, offering easy first-floor living potential. Upstairs, the primary suite is a true retreat, with a spa-like bath featuring a double vanity, a jacuzzi soaking tub, and not one, not two, but three closets including the best walk in you've seen! Three additional generously sized bedrooms, another full bath, and a convenient second-floor laundry room complete this level. The finished lower level adds even more flexible living space, including a study, a spacious play/media room with custom built-ins, and a full bathroom — ideal for guests, a home gym, or a teen hangout space. Outside, enjoy a fenced and professionally leveled backyard with a paver patio, stone wall, sprinkler system, and mature landscaping for perfect privacy — all on a quiet cul-de-sac with sidewalks. A two-car attached garage with additional storage/workshop space and a spacious driveway offer plenty of parking. After many loving years, this gorgeous home is ready for its new owner! Conveniently situated just minutes from Lexington downtown and Alewife station making it the ideal commuter location for the best of both worlds!
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 3,904 sq ft principal dwelling). Lot size: 15,092 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 • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator • Range Hood • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First19 x 15
Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Overhead, Crown Molding, Decorative Molding
Dining Room
Lvl Main,First15 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Chair Rail, Wainscoting, Lighting - Overhead, Crown Molding, Decorative Molding
Kitchen
Lvl Main,First22 x 14
Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Lighting - Pendant, Crown Molding, Window Seat
Office
Lvl Main15 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floor Plan, Lighting - Overhead, Crown Molding, Decorative Molding
Master Bedroom
Lvl Second22 x 18
Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Picture, Recessed Lighting, Closet - Double
Bedroom 2
Lvl Second18 x 15
Bedroom 3
Lvl Second15 x 13
Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture, Lighting - Overhead
Bedroom 4
Lvl Second14 x 13
Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture, Lighting - Overhead
Bathroom 1
Lvl Main,First9 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce
Bathroom 2
Lvl Second13 x 10
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting, Lighting - Sconce
Bathroom 3
Lvl Second10 x 8
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Lighting - Sconce
Listing Agent: Kyle Cogswell
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73574295
