
197 Speen Street Natick — Photo 1 of 30
Recent Drop: $30,000
$769,000
Investment Analysis — 197 Speen Street
Natick, MA 01760
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01760 carries an estimated $3,490/mo in gross rent — about a 3.14% cap rate and $24,164/yr in estimated NOI at the $769,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,682
Style
Single Family
Built
1945
This lovely, sun-splashed classic cape style home is located on the corner of a quiet side street and offers partial views of lower Lake Cochituate. Enjoy this peaceful and quaint setting with all of the conveniences nearby. From the moment you walk through the brand new renovated front doorway, you will feel the warmth and light of this welcoming home. The first floor boasts a renovated eat-in kitchen with granite counters, stainless appliances, gas cooking and views out to the grassy backyard. Open to the kitchen is a dining room, full bath, front-to-back living room with fireplace, and a glorious sunroom that spans the back of the house that you will never want to leave. Upstairs are two bedrooms with peaks of lake views, and one full bath. The basement is half finished with a room with central heat and a fireplace that can serve as a third bedroom or guest room/den. Features of the house include hardwood floors throughout, recessed lighting, insulated windows, new roof (2018) and new vinyl siding (2021). Access to top Natick schools and an unbeatable location near Lake Cochituate, John J. Lane Park with volleyball, playground and picnic areas, the Natick Mall, commuter rail, and Route 9, Mass Pike and 128/95.
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: 841 sq ft (the lesser of 900 sq ft or half the 1,682 sq ft principal dwelling). Lot size: 7,971 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Lighting - Sconce, Decorative Molding
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl BasementFireplace, Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full
Property History
$769,000
Was $799,000
Sep 10, 2026
MLS® 73568514
$799,000
Aug 26, 2026
MLS® 73568514
Listing Agent: Janet Stuart
Listing Office: Coldwell Banker Realty - Concord
MLS® Number: 73568514
