
306 Chestnut St Randolph — Photo 1 of 27
$649,000
Investment Analysis — 306 Chestnut St
Randolph, MA 02368
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02368 carries an estimated $3,450/mo in gross rent — about a 3.80% cap rate and $24,664/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,989
Style
Single Family
Built
1984
Turn-key and beautifully renovated, this exceptional 3-bedroom, 2-bath ranch offers modern style, flexible living space, and a fantastic corner-lot setting. Step inside to a thoughtfully updated interior featuring a stylish kitchen with quartz countertops and stainless-steel appliances, flowing seamlessly into the impressive cathedral-ceiling living room. A gas fireplace creates a warm focal point, while a custom built-in storage bench adds both character and function. Gleaming hardwood floors enhance the main living areas. The finished lower level significantly expands the home's versatility, offering a spacious family room, home office/den, and full bathroom—an ideal retreat for guests, work-from-home needs, hobbies, or additional everyday living space. Outdoors, the expansive fenced yard provides plenty of room to entertain or unwind, complete with a storage shed and fire pit. Conveniently situated with easy access to shopping, dining, public transportation, and major highways, this beautifully updated home is ready to welcome its next owners.
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 1,989 sq ft principal dwelling). Lot size: 12,004 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20.916666666 x 13.583333333
Vaulted Ceiling(s), Flooring - Hardwood
Dining Room
Lvl First13.333333333 x 12.166666666
Flooring - Hardwood
Kitchen
Lvl First18.333333333 x 9.75
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
Office
Lvl Basement10.416666666 x 7.833333333
Flooring - Hardwood
Family Room
Lvl Basement21.666666666 x 13.083333333
Master Bedroom
Lvl First12.666666666 x 11.25
Flooring - Hardwood
Bedroom 2
Lvl First11.75 x 11.25
Bedroom 3
Lvl First9.833333333 x 8.333333333
Flooring - Hardwood
Bathroom 1
Lvl First9.25 x 4.75
Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded
Bathroom 2
Lvl Basement9.166666666 x 6.5
Bathroom - 3/4, Flooring - Stone/Ceramic Tile
Listing Agent: Victor Divine
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73574315
