20 Sherman St. Needham — Photo 1 of 30
$1,200,000
Investment Analysis — 20 Sherman St.
Needham, MA 02494 — Needham Heights
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 1.91% cap rate and $22,880/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
2,561
Style
Single Family
Built
2016
Experience relaxed living at 20 Sherman Street in Needham Heights. Constructed in 2016, this expansive 2561 square foot residence offers a modern lifestyle within a thoughtfully designed structure. This exceptional property provides four generous bedrooms, ample private space, and flexibility for various living arrangements. With three full bathrooms and an additional half bathroom, convenience is prioritized throughout the home. Bright kitchen features newer stainless appliances, induction cooking and a dining peninsula. Primary bedroom suite includes a marble bath and walk-in closet. Situated on three levels, and includes a patio, deck and level yard, offering the benefits of a single-family home. Additional unfinished 891 square foot basement is fully plumbed. Discover the effortlessly functional design that defines this remarkable Needham home.
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 2,561 sq ft principal dwelling).
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
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • ENERGY STAR Qualified Refrigerator • Wine Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range Hood • Oven
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Dining Room
Lvl First18 x 11
Kitchen
Lvl First16 x 11
Family Room
Lvl FirstMaster Bedroom
Lvl Second19 x 11
Bedroom 2
Lvl SecondBedroom 3
Lvl ThirdBedroom 4
Lvl ThirdBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom 3
Lvl ThirdProperty History
$6,800
Aug 31, 2026
MLS® 73570282
$1,200,000
Jun 17, 2026
MLS® 73537556
$1,200,000
Jun 3, 2026
MLS® 73529103
Listing Agent: Deborah Budd
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73537556
