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1 Days on market
72 Lexington Ave #3 Somerville — Photo 1 of 32

72 Lexington Ave #3 Somerville — Photo 1 of 32

$765,000

Investment Analysis — 72 Lexington Ave #3

Somerville, MA 02144

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02144 carries an estimated $3,640/mo in gross rent — about a 2.98% cap rate and $22,822/yr in estimated NOI at the $765,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,020

Style

Condominium

Built

1900

Location, Location, Location! This top-floor, 2-bedroom, 1-bathroom, sun-drenched home sits just steps from Davis Square. This meticulously maintained penthouse unit features beautiful hardwood floors throughout, stainless steel appliances, an in-unit washer and dryer, and plenty of storage.A front covered porch welcomes you with a convenient landing area—perfect for storing your bicycle, coats, and shoes—as you make your way into this thoughtfully laid-out home. Once inside, enjoy a well-designed floor plan with plenty of room for a home office, dining area, and comfortable living space.All this, just steps from the Davis Square red line T stop and Ball Square and Magoun Square green line T stops, as well as the bike path, playgrounds, restaurants, shops, and everything else Davis Square has to offer. With central A/C, a welcoming layout, and an unbeatable location, there’s nothing to do but move right in!

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 MLS and other third-party data may be inaccurate or out of date.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$765,000
Annual Taxes$6,775
HOA Fee$300

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms5
FireplacesNone
FlooringHardwood, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Main,Third
Living RoomDining RoomPrimary BedroomBedroom 2Bathroom 1
Main
Office
Living Room
Lvl Main,Third

Ceiling Fan(s), Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup

Dining Room
Lvl Main,Third

Closet, Flooring - Hardwood, Lighting - Overhead

Office
Lvl Main

Flooring - Hardwood

Primary Bedroom
Lvl Main,Third

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 2
Lvl Main,Third
Bathroom 1
Lvl Main,Third

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Hardwood, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: The Serrano Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73578161