
1028 Webster Street Needham — Photo 1 of 29
$1,295,000
Investment Analysis — 1028 Webster Street
Needham, MA 02492
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 2.30% cap rate and $29,831/yr in estimated NOI at the $1,295,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,619
Style
Single Family
Built
1930
OPPORTUNITY KNOCKS! CHARMING COLONIAL NEAR TOWN AND TRAIN! Welcome to this wonderful Colonial home offering 3 bedrooms, 2½ bathrooms, and a convenient location close to town and the train. From the moment you enter, you’ll appreciate the home’s original wood detailing and extensive hardwood floors, which add warmth and character throughout.The inviting living room features a beautiful brick fireplace and opens to a versatile adjoining room that can be used as a formal dining room, office, or study. A built-in hutch/office cabinet adds both charm and functionality. The appealing kitchen features stainless steel appliances, granite countertops, and generous custom cabinetry. The kitchen flows seamlessly into a spacious family room and additional dining area, complete with wonderful built-in custom cabinetry—an ideal space for entertaining, relaxing, and everyday living. A laundry area and half bath complete the first floor. Upstairs, you’ll find three generously sized bedrooms, each with custom-built closets. Two bedrooms feature colorful custom-painted walls, adding personality and charm. The spacious primary suite offers double closets and a full bathroom enhanced by skylights. A second full family bathroom serves the additional bedrooms. The fantastic and exceptionally spacious lower level provides even more room for relaxing, recreation, or gathering, with convenient direct access to the outdoors. Additional amenities include central air conditioning, newly covered gutters, natural gas heat and cooking, newer upgraded bathrooms, and a one-car garage. Available for immediate occupancy—come make this wonderful Colonial your new home!
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 2,619 sq ft principal dwelling). Lot size: 6,970 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
Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First19 x 12
Flooring - Hardwood, French Doors
Dining Room
Lvl Main,First15 x 9
Closet/Cabinets - Custom Built, Exterior Access, Recessed Lighting
Kitchen
Lvl Main,First16 x 13
Closet/Cabinets - Custom Built, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Family Room
Lvl Main,First19 x 15
Closet/Cabinets - Custom Built, Exterior Access, Recessed Lighting
Master Bedroom
Lvl Second20 x 10
Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second17 x 14
Bedroom 3
Lvl Second16 x 12
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Half, Countertops - Stone/Granite/Solid, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Jill Finkelstein & Associates
Listing Office: Compass
MLS® Number: 73569393