This versatile property, owned and maintained by the same family for nearly 50 years, with a strong rental history, offers excellent income potential with two separate dwellings. The larger building, currently configured as three units, could be used as a rental property or converted into a spacious 2,300 square foot, 3-4 bedroom home. See MLS attachments to review a rough plan. A new roof (one year old) and fresh exterior paint enhance its appeal. The second dwelling provides valuable rental income or could be a private residence for extended family or guests. In addition to a one car garage, there is plenty of exterior storage space. Buyer and/or buyer's agent to perform due diligence. The seller and listing agent make no representations regarding future use.
Sold for $1,670,000 on 03/20/25
$1,670,000
578 Marrett Rd, Lexington, MA 02421
5beds
4,434sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$1,994,600 Zestimate®
$377/sqft
$3,672 Estimated rent
Home value
$1,994,600
$1.68M - $2.37M
$3,672/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 21, 2025 at 07:47am
Listed by:
Martha Sevigny 781-223-5396,
William Raveis R.E. & Home Services 781-861-9600
Bought with:
Keystone Homes Group
Keller Williams Realty Boston Northwest
Source: MLS PIN,MLS#: 73338203
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Heating
- Natural Gas
Cooling
- Ductless, Window Unit(s), Central Air
Features
- Ceiling Fan(s), Cathedral/Vaulted Ceilings, Walk-In Closet(s), Slider, Cedar Closet(s), Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo, Mudroom, Office/Den, Living Room, Dining Room
- Flooring: Varies, Tile, Hardwood, Carpet
- Windows: Box/Bay/Bow Window(s), Skylight(s)
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Gas
Interior area
- Total structure area: 4,434
- Total interior livable area: 4,434 sqft
- Finished area above ground: 3,472
- Finished area below ground: 962
Property
Parking
- Total spaces: 11
- Parking features: Off Street, Assigned
- Garage spaces: 1
- Uncovered spaces: 10
Features
- Patio & porch: Deck
- Exterior features: Balcony/Deck
- Frontage length: 116.00
Lot
- Size: 0.40 Acres
- Features: Gentle Sloping
Details
- Parcel number: M:0042 L:000053,552298
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lexington
HOA & financial
Other financial information
- Total actual rent: 10075
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $1,670,000+4.4%$377/sqft |
Source: MLS PIN #73338203 | ||
| 3/2/2025 | Pending sale | $1,599,000$361/sqft |
Source:  William Raveis Real Estate, Mortgage & Insurance #73338203 | ||
| 3/2/2025 | Contingent | $1,599,000$361/sqft |
Source: MLS PIN #73338203 | ||
| 2/25/2025 | Listed for sale | $1,599,000$361/sqft |
Source: MLS PIN #73338205 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,106 +4.7% | $1,644,000 +4.8% |
| 2024 | $19,208 +41.3% | $1,568,000 +49.9% |
| 2023 | $13,598 | $1,046,000 +10% |
Find assessor info on the county website
Neighborhood: 02421
Nearby schools
GreatSchools rating
- 9/10Bridge Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Jonas Clarke Middle SchoolGrades: 6-8Distance: 1.3 mi
- 10/10Lexington High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Middle: Clarke Ms
- High: Lhs
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,994,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,994,600