15
Map
$1,120,000
↓ $29K (2.5%)
●
House -
For Sale
46 Grapevine Ave
Lexington, MA 02421
4 Beds
2 Baths
1,507 Ft²
$6,476
Est. Monthly
About This Property
Move right in or bring your vision to this raised ranch in one of
Lexington's most cherished neighborhoods, lovingly maintained by
the same family for over sixty years. Generous kitchen and living
room spaces lead you to three first-floor bedrooms, brimming with
natural light. On the lower level you'll find an entire suite --
full bath, kitchen, family room, and a fourth bedroom. Flexible for
your family's play or living needs with direct access out to the
spacious, professionally landscaped backyard. The large lot abuts
scenic conservation land, creating a serene retreat. Set on a quiet
side street close to Bridge Elementary, Clarke Middle, and
Lexington High, with easy access to town center and highway
commuting routes, this home presents a rare opportunity.
Unit Size
1,507 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$743
Property Type
House
Property Taxes
$977
HOA Dues
-
Year Built
1964
Listed By
Brian McMahon
RE/MAX Innovative Properties
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 18 hours ago (MLSPIN #73574696)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$1,120,000
↓ $29K
(2.5%) | |
| Price Decreased | |||
| Sep 9, 2026 | Listed by Rutledge Properties | $1,149,000 | |
| Listed by Rutledge Properties | |||
| Jun 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 9, 2026 | Listed by Rutledge Properties | $1,175,000 | |
| Listed by Rutledge Properties | |||
   | |||
|
Move right in or bring your vision to this raised ranch in one of Lexington's most cherished neighborhoods, lovingly maintained by the same family for over sixty years. Generous kitchen and living room spaces lead you to three first-floor bedrooms, brimming with natural light. On the lower level you'll find an entire suite -- full bath, kitchen, family room, and a fourth bedroom. Flexible for your family's play or living needs with direct access out to the spacious, professionally landscaped backyard. The large lot abuts scenic conservation land, creating a serene retreat. Set on a quiet side street close to Bridge Elementary, Clarke Middle, and Lexington High, with easy access to town center and highway commuting routes, this home presents a rare opportunity.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Paved, Off Street, Under
Garage Spaces: 1
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 2
Appliances: Gas Water Heater, Range, Oven, Microwave, Refrigerator
Laundry Features: In Basement, Gas Dryer Hookup, Washer Hookup
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Partially Finished, Walk-Out Access, Garage Access
Exterior Details
Square Footage: 1507
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1964
Building Area Total: 1507
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 0.71
Lot Size Units: Acres
Lot Size Acres: 0.71
Lot Size Square Feet: 30871
Water Source: Public
Financial Details
Tax Assessed Value: $952,000
Tax Annual Amount: $11,719
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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