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32 Parkvale Rd Needham — Photo 1 of 26

32 Parkvale Rd Needham — Photo 1 of 26

$2,499,000

Investment Analysis — 32 Parkvale Rd

Needham, MA 02492

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 7-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 0.79% cap rate and $19,662/yr in estimated NOI at the $2,499,000 list price. Adjust every assumption in the calculator below.

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Beds

7

Baths

5.5

SqFt

5,792

Style

Single Family

Built

1991

Welcome to 32 Parkvale Rd, an exceptional Needham residence offering an impressive blend of scale, thoughtful design, and turnkey living in a quiet, private neighborhood. Extensively renovated and expanded, this 7-bedroom, 5.5-bath home offers 5,792 square feet across four floors. The first floor features a marble-tiled foyer, oversized living and dining rooms, and a spectacular expanded kitchen with abundant storage, professional-grade appliances including a 48" Thermador Pro Grand range, Frigidaire Professional refrigerator and freezer, two dishwashers, custom appliance garage, and large breakfast bar flowing seamlessly into a vaulted family room. A first floor ensuite bedroom is nicely tucked down the hall perfect for guests. A secluded mudroom, half bath, and two-car garage complete this level. Upstairs, the second floor offers a luxurious primary suite with spa-like bath and custom walk-in closet, three additional bedrooms, two hall baths, and a dedicated laundry room. The third floor adds two flexible bedrooms or offices plus a full bath, which is ideal for working from home or additional guest spaces. A fully finished basement provides abundant storage and versatile room for exercise, play, or recreation. Set on an oversized .37-acre lot for Needham, the property features a delightful deck overlooking the large, flat backyard and excellent access to both major highways and commuter rail. Completely updated and exceptionally well-appointed, this is a rare opportunity to simply move in and enjoy.

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 5,792 sq ft principal dwelling). Lot size: 16,100 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

Original Price$2,499,000
Annual Taxes$23,840

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces2
FlooringTile, Hardwood
BasementFull, Finished, Bulkhead, Radon Remediation System

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.37
SqFt Lot16,100
Lot FeaturesCleared, Level

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Brett Mensinger

Listing Office: Coldwell Banker Realty - Cohasset

MLS® Number: 73574817