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1 Needham Street Norfolk — Photo 1 of 16

1 Needham Street Norfolk — Photo 1 of 16

$1,165,000

Investment Analysis — 1 Needham Street

Norfolk, MA 02056

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02056 carries an estimated $3,390/mo in gross rent — about a 2.34% cap rate and $27,285/yr in estimated NOI at the $1,165,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

4,206

Style

Single Family

Built

2026

Brand-new construction on 1.88 private, level acres. This thoughtfully designed 4-bedroom, 2.5-bath home pairs modern finishes with a flexible layout created for everyday living, entertaining, and room to grow. Filled with natural light, the open first floor features a dedicated home office, fireplaced living room, and beautiful kitchen with custom cabinetry, an oversized 8-foot island, walk-in pantry, mudroom, and half bath. Thoughtful design continues throughout with generous closets, abundant storage, two HVAC systems, and a smart irrigation system. Upstairs, the primary suite offers a spa-like bath with radiant heated floors, designer shower, and walk-in closet, plus three additional bedrooms. The well-designed shared bath offers added privacy, allowing multiple people to comfortably use the space at once. A beautiful deck and patio overlook the expansive backyard, with plenty of land to envision a future pool, sports court, ADU, or other outdoor amenities. The unfinished basement and space above the 2-car garage offer exciting potential for additional living space—ideal for a home office, gym, media room, or bonus space. Additional features include a sump pump provision and professionally cleaned ductwork with new filters. Designed for both entertaining and everyday life, this is a home with a flexible floor plan and the ability to evolve with a family’s changing needs. Ideally located near Norfolk Center and approximately ½ mile to the commuter rail with direct service to Boston, offering convenient access to both Boston and Providence and access to Norfolk’s highly regarded schools.

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 4,206 sq ft principal dwelling). Lot size: 82,000 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.

Open Houses

Property Details

Financials

Original Price$1,165,000
Annual Taxes$3,632

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms12
Fireplaces1
FlooringWood, Tile, Hardwood
BasementFull

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres1.88
SqFt Lot82,000
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer

Neighborhood

Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4
First
Living RoomDining RoomKitchen
Unknown
Office
Living Room
Lvl First

16.25 x 19.75

Flooring - Hardwood

Dining Room
Lvl First

20.5 x 11.916666666

Flooring - Hardwood, Deck - Exterior, Exterior Access

Kitchen
Lvl First

16.666666666 x 13.333333333

Flooring - Hardwood, Kitchen Island, Cabinets - Upgraded, Open Floorplan

Office
Lvl null

11.916666666 x 11.833333333

Master Bedroom
Lvl Second

16.666666666 x 13.833333333

Walk-In Closet(s)

Bedroom 2
Lvl Second

11.833333333 x 11.833333333

Bedroom 3
Lvl Second

10.25 x 11.833333333

Bedroom 4
Lvl Second

10.333333333 x 11.833333333

Listing Provided By

Listing Agent: The Scott Group

Listing Office: Advisors Living - Wellesley

MLS® Number: 73573694