
38 Edgewood Rd #2 Lexington — Photo 1 of 16
Recent Drop: $155,000
$1,995,000
Investment Analysis — 38 Edgewood Rd #2
Lexington, MA 02420
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 1.06% cap rate and $21,067/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,311
Style
Condominium
Built
1906
State-of-the-art restoration of one of Lexington’s finest homes, now part of the ten-residence Edgewood at Meriam Hill community. This light-filled home combines historic charm with modern updates, including all-new plumbing, electrical, windows, insulation, and systems. A formal foyer leads to an open concept floor plan featuring a living room with fireplace and reading nook, dining room, and eat-in kitchen with direct access to a beautiful two-level patio. The home offers three bedrooms, three bathrooms, a spacious mudroom with laundry, a two-car garage, and additional exclusive-use parking. Ideally located just two blocks from Lexington Center and the Minuteman Bikeway, this fabulous location provides easy access to shops, restaurants, schools, and major commuter routes. A rare opportunity to own in Lexington’s most sought-after boutique community.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18.416666666 x 15
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Dining Room
Lvl First14.416666666 x 15.416666666
Flooring - Hardwood, Lighting - Pendant
Kitchen
Lvl Main,First17.416666666 x 15
Window(s) - Picture, Kitchen Island, Exterior Access, Recessed Lighting, Slider, Stainless Steel Appliances, Lighting - Pendant
Master Bedroom
Lvl Second14.416666666 x 18
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture, Dressing Room
Bedroom 2
Lvl Second15 x 10
Bedroom 3
Lvl Second14.416666666 x 13
Closet, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl FirstFlooring - Hardwood
Property History
$1,995,000
Was $2,150,000
Sep 9, 2026
MLS® 73535430
$2,150,000
Jun 12, 2026
MLS® 73535430
Listing Agent: Andrea Jackson
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73535430
