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306 Chestnut St Randolph — Photo 1 of 27

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.

View Standard Listing

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

Original Price$649,000
Annual Taxes$6,800

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood, Tile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRH

Property & Lot

Acres0.28
SqFt Lot12,004
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Basement
OfficeFamily RoomBathroom 2
Living Room
Lvl First

20.916666666 x 13.583333333

Vaulted Ceiling(s), Flooring - Hardwood

Dining Room
Lvl First

13.333333333 x 12.166666666

Flooring - Hardwood

Kitchen
Lvl First

18.333333333 x 9.75

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Office
Lvl Basement

10.416666666 x 7.833333333

Flooring - Hardwood

Family Room
Lvl Basement

21.666666666 x 13.083333333

Master Bedroom
Lvl First

12.666666666 x 11.25

Flooring - Hardwood

Bedroom 2
Lvl First

11.75 x 11.25

Bedroom 3
Lvl First

9.833333333 x 8.333333333

Flooring - Hardwood

Bathroom 1
Lvl First

9.25 x 4.75

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded

Bathroom 2
Lvl Basement

9.166666666 x 6.5

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Victor Divine

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73574315