
564 Chestnut St Needham — Photo 1 of 19
$2,689,999
Investment Analysis — 564 Chestnut St
Needham, MA 02492
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 1.25% cap rate and $33,503/yr in estimated NOI at the $2,689,999 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
5.5
SqFt
5,469
Style
Single Family
Built
2026
Set in one of Needham’s most desirable neighborhoods, this exceptional new construction residence showcases the craftsmanship of one of the area’s most reputable builders. Thoughtfully designed with 6 bedrooms, 6 bathrooms, and an exceptional blend of luxury, comfort, and functionality, the home offers an ideal layout for both everyday living and entertaining. The heart of the first floor is an expansive chef’s kitchen featuring custom cabinetry, high-end finishes, a large center island, and a bright breakfast nook. The kitchen flows seamlessly into the spacious living room, highlighted by a striking built-in fireplace. A separate dining room provides an elegant setting for formal gatherings, while a first-floor bedroom with an ensuite bath offers the perfect option for guests, an office, or flexible living. The second floor features 4 bedrooms, including a luxurious primary suite with a custom-designed ensuite bath and oversized walk-in closet. Three additional bedrooms offer generous proportions and exceptional flexibility for family and guests. The finished lower level extends the living space with a second family room, ideal for a playroom, media room, or casual entertaining, along with an additional bedroom and full bathroom. Outside, the beautifully landscaped and fully fenced backyard creates a private retreat, complete with a spacious patio perfect for summer evenings, outdoor dining, and entertaining. A rare combination of sophisticated design, exceptional craftsmanship, and versatile living space, this stunning Needham residence is designed for the way today’s buyers want to live. Ideally LOCATED just 0.5 miles from Needham Junction and the Needham Junction Commuter Rail Station, offering convenient access to Boston and beyond.MID/LATE OCTOBER DELIVERY!
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 5,469 sq ft principal dwelling). Lot size: 11,238 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
Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access
Geography
Listing Agent: Dot Collection
Listing Office: Access
MLS® Number: 73573198

