Active
17 Days on market
32 Lantern Ln Burlington — Photo 1 of 33

32 Lantern Ln Burlington — Photo 1 of 33

$869,900

Investment Analysis — 32 Lantern Ln

Burlington, MA 01803

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01803 carries an estimated $4,150/mo in gross rent — about a 3.64% cap rate and $31,636/yr in estimated NOI at the $869,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,332

Style

Single Family

Built

1955

Welcome to this exceptional 3-bedroom, 2-bath custom-built Ranch, thoughtfully crafted by one of the area’s most sought-after finish carpenters. Rich in quality craftsmanship and character, this beautiful home is in absolute move-in condition and offers an abundance of space, natural light, and versatility.The main level features beautiful hardwood floors throughout, a spacious first-floor primary bedroom addition, and inviting living spaces filled with natural sunlight. For the car enthusiast or hobbyist, the oversized attached 2-car garage provides exceptional space, while an additional garage accessed from the rear of the home offers even more storage or workshop potential—bringing the total to three garage spaces.Outdoor living is equally impressive, with several decks overlooking the beautiful lot, creating wonderful spaces for entertaining, relaxing, or enjoying your morning coffee. The home also offers the rare convenience of two laundry areas, with one on the main level and another in the lower level.The walk-out lower level provides tremendous potential for future expansion, whether you envision additional living space, a home office, gym, recreation room, or workshop,and the location is hard to beat! Enjoy the convenience of being within walking distance to the town square, charming local shops, the town common, and Burlington Mall, while still enjoying the privacy and tranquility of this beautiful property.A truly special home combining quality craftsmanship, generous garage space, beautiful outdoor areas, expansion potential, and an unbeatable location—this is a rare opportunity and an absolute gem.

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: 666 sq ft (the lesser of 900 sq ft or half the 1,332 sq ft principal dwelling). Lot size: 10,001 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

Original Price$869,900
Annual Taxes$6,212

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms7
Fireplaces1
FlooringHardwood, Flooring - Hardwood, Flooring - Wood
BasementFull, Partially Finished, Walk-Out Access, Sump Pump, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s), Dual
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRO

Property & Lot

Acres0.23
SqFt Lot10,001
Lot FeaturesCleared, Gentle Sloping

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Water Treatment

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Main,First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3
Living Room
Lvl Main,First

26 x 12

Wood / Coal / Pellet Stove, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Paints & Finishes - Low VOC, Recessed Lighting

Dining Room
Lvl Main,First

11 x 9

Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Paints & Finishes - Low VOC, Remodeled, Lighting - Pendant

Kitchen
Lvl Main,First

10 x 8

Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access, Open Floorplan, Paints & Finishes - Low VOC, Recessed Lighting, Stainless Steel Appliances, Lighting - Overhead

Master Bedroom
Lvl Main,First

20 x 14

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Balcony - Exterior, Exterior Access, Paints & Finishes - Low VOC, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Main,First

11 x 11

Bedroom 3
Lvl Main,First

12 x 11

Walk-In Closet(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Paints & Finishes - Low VOC

Listing Provided By

Listing Agent: Michael Austin

Listing Office: Austin Realty Group

MLS® Number: 73568653