Active
9 Days on market
0 Parish Rd Needham — Photo 1 of 1

0 Parish Rd Needham — Photo 1 of 1

$1,000,000

Investment Analysis — 0 Parish Rd

Needham, MA 02492

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02492 carries an estimated $2,890/mo in gross rent — about a 1.54% cap rate and $15,368/yr in estimated NOI at the $1,000,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

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SqFt

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Style

Residential

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Two adjoining building lots. Located near Volante Farms, 0 Parish Road offers an unusual opportunity to acquire an approximately 10,209 sq. ft. lot in one of Needham’s most desirable and convenient neighborhoods.The property is improved with an existing barn and offers buyers the opportunity to investigate renovation, adaptive reuse or new-construction possibilities, subject to all applicable zoning, permitting, governmental approvals and buyer due diligence.With approximately 80 feet of frontage, the lot offers a compelling opportunity for builders, developers, architects or buyers seeking to create a custom home in an established residential neighborhood. Buyers are encouraged to independently verify zoning, frontage, utilities, buildability, setbacks and all other development considerations.An additional opportunity: The adjoining property at 764 Central Avenue, $1,500,000 containing approximately 45,942 sq. ft. and an existing five-bedroom residence, is also available for purchase separately. Acquiring both properties would create approximately 56,151 sq. ft. of contiguous land, offering additional privacy, recreational space or the opportunity to investigate broader development possibilities.Enjoy convenient access to Sunita Williams Elementary School, Volante Farms, athletic fields, playgrounds, walking trails and Needham’s many recreational amenities. Needham Center and Needham Heights commuter-rail stations are nearby, along with restaurants, shops and Needham’s vibrant town center. And yes, there is a Trader Joe’s!A rare opportunity to acquire a separate lot in a highly desirable Needham location, with the added option of purchasing the substantial adjoining property.Property is being sold “as is.” Buyers and their representatives are responsible for independently verifying all information and conducting their own due diligence regarding zoning, wetlands, utilities, permits, buildability and development potential.

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

Original Price$1,000,000
Annual Taxes$10,989

Parking

Garage0
Off-Street0

Interior Specifications

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FireplacesNone
Flooring--
BasementNone

Climate & Utilities

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WaterPublic
SewerPublic Sewer, At Street

Building & Exterior

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Foundation--
ZoningSRB

Property & Lot

Acres0.23
SqFt Lot10,209
Lot FeaturesLevel

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Michael Niden

Listing Office: Keller Williams Realty

MLS® Number: 73571698