
36 Thorpe Rd Needham — Photo 1 of 38
$1,649,000
Investment Analysis — 36 Thorpe Rd
Needham, MA 02494 — Needham Heights
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 1.31% cap rate and $21,659/yr in estimated NOI at the $1,649,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
3,464
Style
Single Family
Built
2005
OFFER ACCEPTED - OPEN HOUSES CANCELED. A beautifully updated Colonial in the heart of Needham Heights, offering nearly 3,500 square feet of versatile living space across four levels. Recent improvements include a new HVAC system (2024), new boiler (2025), fully renovated primary bathroom, refreshed guest bath and powder room, re-stained hardwood floors, new lighting throughout, and a new back patio with stairs - creating a true move-in-ready home.The sun-filled main level features hardwood floors, gracious living and family rooms with a fireplace, and an open eat-in kitchen with pantry and seating area, ideal for both everyday living and entertaining. Upstairs, the primary suite includes a private renovated bath and walk-in closet, along with two additional bedrooms and a second full bath. The third floor adds a fourth bedroom plus flexible bonus space, while the finished lower level offers an excellent additional living area perfect for a playroom, gym, media room, or home office, plus extra storage space.Outside, a fenced yard and private patio create a welcoming space for dining and relaxing. Additional highlights include central air, natural gas, 200-amp service, and insulated windows and doors. Set in one of Needham’s most desirable neighborhoods, the home is within walking distance of Needham Heights shops and restaurants, the commuter rail, parks, and the acclaimed Needham schools, with convenient access to major highways. A rare combination of neighborhood charm, modern updates, and everyday convenience.
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 3,464 sq ft principal dwelling). Lot size: 5,663 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid
Family Room
Lvl FirstFlooring - Hardwood
Master Bedroom
Lvl SecondBathroom - 3/4, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl ThirdCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl SecondBathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$1,649,000
Sep 7, 2026
MLS® 73572579
$824,900
May 30, 2010
MLS® 71014171
$824,900
Jan 3, 2010
MLS® 71014171
$3,200
Apr 21, 2006
MLS® 70366578
$3,200
Apr 13, 2006
MLS® 70366578
Listing Agent: Morgan Guthrie
Listing Office: Douglas Elliman Real Estate - Wellesley
MLS® Number: 73572579