
1 Needham Street Norfolk — Photo 1 of 16
$1,165,000
Investment Analysis — 1 Needham Street
Norfolk, MA 02056
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02056 carries an estimated $3,390/mo in gross rent — about a 2.34% cap rate and $27,285/yr in estimated NOI at the $1,165,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
4,206
Style
Single Family
Built
2026
Brand-new construction on 1.88 private, level acres. This thoughtfully designed 4-bedroom, 2.5-bath home pairs modern finishes with a flexible layout created for everyday living, entertaining, and room to grow. Filled with natural light, the open first floor features a dedicated home office, fireplaced living room, and beautiful kitchen with custom cabinetry, an oversized 8-foot island, walk-in pantry, mudroom, and half bath. Thoughtful design continues throughout with generous closets, abundant storage, two HVAC systems, and a smart irrigation system. Upstairs, the primary suite offers a spa-like bath with radiant heated floors, designer shower, and walk-in closet, plus three additional bedrooms. The well-designed shared bath offers added privacy, allowing multiple people to comfortably use the space at once. A beautiful deck and patio overlook the expansive backyard, with plenty of land to envision a future pool, sports court, ADU, or other outdoor amenities. The unfinished basement and space above the 2-car garage offer exciting potential for additional living space—ideal for a home office, gym, media room, or bonus space. Additional features include a sump pump provision and professionally cleaned ductwork with new filters. Designed for both entertaining and everyday life, this is a home with a flexible floor plan and the ability to evolve with a family’s changing needs. Ideally located near Norfolk Center and approximately ½ mile to the commuter rail with direct service to Boston, offering convenient access to both Boston and Providence and access to Norfolk’s highly regarded schools.
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 4,206 sq ft principal dwelling). Lot size: 82,000 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Freezer
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16.25 x 19.75
Flooring - Hardwood
Dining Room
Lvl First20.5 x 11.916666666
Flooring - Hardwood, Deck - Exterior, Exterior Access
Kitchen
Lvl First16.666666666 x 13.333333333
Flooring - Hardwood, Kitchen Island, Cabinets - Upgraded, Open Floorplan
Office
Lvl null11.916666666 x 11.833333333
Master Bedroom
Lvl Second16.666666666 x 13.833333333
Walk-In Closet(s)
Bedroom 2
Lvl Second11.833333333 x 11.833333333
Bedroom 3
Lvl Second10.25 x 11.833333333
Bedroom 4
Lvl Second10.333333333 x 11.833333333
Listing Agent: The Scott Group
Listing Office: Advisors Living - Wellesley
MLS® Number: 73573694