Active Under Contract
5 Days on market
36 Thorpe Rd Needham — Photo 1 of 38

36 Thorpe Rd Needham — Photo 1 of 38

$1,649,000

Investment Analysis — 36 Thorpe Rd

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 1.31% cap rate and $21,659/yr in estimated NOI at the $1,649,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,464

Style

Single Family

Built

2005

OFFER ACCEPTED - OPEN HOUSES CANCELED. A beautifully updated Colonial in the heart of Needham Heights, offering nearly 3,500 square feet of versatile living space across four levels. Recent improvements include a new HVAC system (2024), new boiler (2025), fully renovated primary bathroom, refreshed guest bath and powder room, re-stained hardwood floors, new lighting throughout, and a new back patio with stairs - creating a true move-in-ready home.The sun-filled main level features hardwood floors, gracious living and family rooms with a fireplace, and an open eat-in kitchen with pantry and seating area, ideal for both everyday living and entertaining. Upstairs, the primary suite includes a private renovated bath and walk-in closet, along with two additional bedrooms and a second full bath. The third floor adds a fourth bedroom plus flexible bonus space, while the finished lower level offers an excellent additional living area perfect for a playroom, gym, media room, or home office, plus extra storage space.Outside, a fenced yard and private patio create a welcoming space for dining and relaxing. Additional highlights include central air, natural gas, 200-amp service, and insulated windows and doors. Set in one of Needham’s most desirable neighborhoods, the home is within walking distance of Needham Heights shops and restaurants, the commuter rail, parks, and the acclaimed Needham schools, with convenient access to major highways. A rare combination of neighborhood charm, modern updates, and everyday convenience.

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 3,464 sq ft principal dwelling). Lot size: 5,663 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$1,649,000
Annual Taxes$15,095

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms8
Fireplaces1
FlooringHardwood
BasementFull, Finished

Climate & Utilities

HeatingCentral, Forced Air, Electric Baseboard
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.13
SqFt Lot5,663
Lot Features--

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4
Second
Master BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid

Family Room
Lvl First

Flooring - Hardwood

Master Bedroom
Lvl Second

Bathroom - 3/4, Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bedroom 4
Lvl Third

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Hardwood

Bathroom 2
Lvl Second

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Property History

Listed
$1,649,000

Sep 7, 2026

MLS® 73572579

Expired
$824,900

May 30, 2010

MLS® 71014171

Listed
$824,900

Jan 3, 2010

MLS® 71014171

Terminated
$3,200

Apr 21, 2006

MLS® 70366578

Listed
$3,200

Apr 13, 2006

MLS® 70366578

Listing Provided By

Listing Agent: Morgan Guthrie

Listing Office: Douglas Elliman Real Estate - Wellesley

MLS® Number: 73572579