Active
45 Days on market
12 Walnut St Millis — Photo 1 of 30

12 Walnut St Millis — Photo 1 of 30

$650,000

Investment Analysis — 12 Walnut St

Millis, MA 02054

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02054 carries an estimated $3,090/mo in gross rent — about a 3.02% cap rate and $19,643/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,672

Style

Single Family

Built

1978

Charming cottage nestled in a private wooded setting. This well-maintained home offers 3 spacious bedrooms, 2 full baths, and a finished basement. Recent updates include new front and sliding doors, a brand-new Peerless forced-hot-water furnace and oil tank, central A/C, and 200-amp electrical service. Enjoy outdoor living on the large wrap-around deck and expansive yard—perfect for gatherings or quiet relaxation. Conveniently located near shops, restaurants, parks, schools, commuter rail, and major routes. Same owner for 29 years. Move-in ready!

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: 836 sq ft (the lesser of 900 sq ft or half the 1,672 sq ft principal dwelling). Lot size: 25,265 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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$650,000
Annual Taxes$8,538

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms7
Fireplaces1
Flooring--
BasementFull, Partially Finished, Sump Pump

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer, Private Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningR-S

Property & Lot

Acres0.58
SqFt Lot25,265
Lot Features--

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBedroom 3Bathroom 1
Basement
Family Room
Living Room
Lvl First

16 x 13

Skylight, Flooring - Hardwood, Balcony - Interior

Dining Room
Lvl First

11 x 11

Flooring - Hardwood

Kitchen
Lvl First

11 x 11

Ceiling Fan(s), Flooring - Stone/Ceramic Tile

Family Room
Lvl Basement

20 x 15

Flooring - Wall to Wall Carpet

Master Bedroom
Lvl Second

15 x 13

Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

12 x 11

Bedroom 3
Lvl First

12 x 11

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

6 x 6

Bathroom - Full

Bathroom 2
Lvl Second

10 x 6

Bathroom - Full

Listing Provided By

Listing Agent: Timothy Barros

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73556552