462 Chestnut St Needham — Photo 1 of 35
$899,000
Investment Analysis — 462 Chestnut St
Needham, MA 02492 — Needham Junction
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02492 carries an estimated $4,320/mo in gross rent — about a 3.41% cap rate and $30,661/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
956
Style
Single Family
Built
1950
This well-maintained 3-bedroom ranch offers excellent curb appeal and is set on a private 19,352 sq. ft. lot with mature landscaping and wooded privacy. The inviting living room/dining room features a fireplace and hardwood floors, offering a comfortable space for everyday living and entertaining. Fully-applianced white cabinetry kitchen leads to a sun-filled flexible room for additional family space or home office. Enjoy convenient single-level living with Central Air for year-round comfort. The private deck overlooks the beautifully landscaped grounds and provides a great space for outdoor relaxation. Additional features include a direct-entry one-car garage, natural gas, and an EV outlet. Ideally located with easy access to Needham Center, offering shopping, dining, and local amenities, plus quick access to Needham Junction Commuter Rail Station as well as walking and biking trails. A desirable opportunity in a convenient Needham location.
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: 478 sq ft (the lesser of 900 sq ft or half the 956 sq ft principal dwelling). Lot size: 19,352 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
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl nullFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl nullCabinets - Upgraded, Lighting - Overhead
Family Room
Lvl nullFlooring - Wall to Wall Carpet, Lighting - Overhead
Master Bedroom
Lvl nullCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 3
Lvl nullCloset, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl nullBathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: William Concannon
Listing Office: Louise Condon Realty
MLS® Number: 73563346
