Active
145 Days on market
1949 Massachusetts Ave Lexington — Photo 1 of 11

1949 Massachusetts Ave Lexington — Photo 1 of 11

Recent Drop: $446,000

$2,925,000
$2,479,000

$2,479,000

Investment Analysis — 1949 Massachusetts Ave

Lexington, MA 02421

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 8-bedroom in 02421 carries an estimated $5,560/mo in gross rent — about a 1.04% cap rate and $25,733/yr in estimated NOI at the $2,479,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

2.5

SqFt

4,101

Style

Single Family

Built

1850

Once in a generation does this kind of opportunity present itself! The " George W. Taylor House", a Grand Victorian prominently situated in the Battle Green District is being offered for sale after 58 years in the same family ownership. With generous dimensions throughout, this 13 room home retains much of its original period architectural details and hardwood floors. Built on a considerably large lot for the neighborhood, it also features a detached carriage house with an attached one-bedroom apartment. A rare opportunity for the new owner to restore the property to its original stature as a Grande Dame of Lexington.

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 4,101 sq ft principal dwelling). Lot size: 24,648 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.

Property Details

Financials

Original Price$2,925,000
Annual Taxes$24,974

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms13
Fireplaces1
FlooringTile, Vinyl, Hardwood
BasementConcrete, Unfinished

Climate & Utilities

HeatingCentral, Hot Water, Oil, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Post & Beam
RoofShingle
FoundationStone
ZoningRS

Property & Lot

Acres0.57
SqFt Lot24,648
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Gas Water Heater

Neighborhood

Public Transportation • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bedroom 5
Lvl Second
Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second
Bathroom 3
Lvl Second

Property History

Price Drop
$2,479,000

Was $2,925,000

Jul 21, 2026

MLS® 73507044

Listed
$2,925,000

Apr 24, 2026

MLS® 73507044

Listing Provided By

Listing Agent: Jeffrey Lyon

Listing Office: W. H. Lyon, Inc. REALTORS®

MLS® Number: 73507044