781-530-6857
9 Meriam St, Lexington, MA for Sale
Loft/Creative Space CONDO - FOR SALE
1/8
null | Request Cap Rate

NEW


9 Meriam St
Lexington, MA 02420
Downtown Lexington


HIGHLIGHTS

  • Strong investment with stable tenant and 5% annual rent growth
  • Low operating costs – no maintenance expenses, efficient HOA
  • Over $60,000 in recent renovations – modern and move-in ready
  • Easy access to Route 2 and I-95 (Route 128)
  • Prime Lexington Center location – walk to shops, cafés, and restaurants
  • Ample shared parking lot with 20+ spaces available

OVERVIEW

?? Turnkey Investment Opportunity Currently leased at $1,100/month with 5% annual rent growth. Stable tenancy provides consistent cash flow and minimal management needs. ??? Extensively Renovated Over $60,000 in high-quality upgrades, including new flooring, lighting, and complete interior finishes. The unit is modern, bright, and ready for immediate occupancy. ?? Attractive Returns Projected NOI of $13,860 with an estimated ~7% cap rate at the asking price of $198,000. A solid, low-maintenance investment in a high-demand market. ?? Prime Lexington Center Location Located in the historic Adams Building, steps away from Lexington Common, restaurants, cafés, and boutique shops. Excellent accessibility to Route 2 and I-95 (Route 128). ??? Ample Parking Available Convenient access to an on-site parking lot and nearby public parking, ensuring easy access for tenants and visitors. ?? Low Operating Costs Monthly HOA fee of $161.60 and low property taxes provide a cost-efficient ownership structure. There are no additional maintenance expenses, and the HOA handles repairs promptly and efficiently, keeping ownership simple and worry-free. ?? Professional Office Environment Part of a well-managed professional condominium association with shared restrooms and stable occupancy. ?? Flexible Use Options Ideal for owner-users or long-term investors. Easy to lease, easy to maintain, and located in one of Greater Boston’s most desirable suburban markets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Medical, Office/Residential

TOTAL BUILDING SIZE

12,500 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CB3

APN/PARCEL ID

LEXI-000049-000000-000006-000005,LEXI-000049-000000-000006-000017,LEXI-000049-000000-000006-000021,LEXI-000049-000000-000006-000023

ASK ABOUT THIS PROPERTY

Lily WeiNorth America Real Estate Holding LLCMore Info
781-530-6857

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Lily WeiNorth America Real Estate Holding LLCMore Info
781-530-6857

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.