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763 Webster St Needham — Photo 1 of 41

763 Webster St Needham — Photo 1 of 41

$1,650,000

Investment Analysis — 763 Webster St

Needham, MA 02492

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 1.75% cap rate and $28,923/yr in estimated NOI at the $1,650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2.5

SqFt

2,653

Style

Single Family

Built

1890

Classic Victorian charm in the heart of Needham Center. Circa 1890, this gracious Victorian seamlessly blends timeless architectural character with a flexible, inviting floor plan and an unbeatable Needham Center location. A welcoming entry hall leads to a formal living room adorned with decorative moldings and a spacious dining room featuring a fireplace, built-in china cabinet, and elegant crown molding. The open-concept kitchen and family room create the heart of the home, with vaulted ceilings, Corian countertops, stainless steel appliances, and sliders opening to a large deck overlooking an expansive, level lot and detached 2 car garage - an exceptional setting for entertaining, relaxing, and enjoying outdoor living. An awning provides welcome shade on the deck, while a half bath, laundry room, and convenient mudroom complete the main level. The beautiful turned staircase leads to the second floor, offering three bedrooms, a dedicated office, and a full bath. The third floor provides an entire guest suite with a comfortable sitting room, two additional bedrooms, and a full bath. This versatile level offers exciting potential to create a spectacular private primary suite or a wonderful retreat for guests, extended family, or au pair living. Many important updates have already been completed, while the home's remaining cosmetic opportunities allow the next owner to bring out its full glory and make it truly their own. With ample off street parking, 763 Webster is ideally situated in the heart of Needham Center, just a short stroll to shops, restaurants, the high school, commuter rail, St. Joseph's Church and School, and minutes to major highways. This is a special opportunity to own a substantial Victorian home with character, space, and tremendous potential in one of Needham's most desirable locations. Open Houses Saturday and Sunday 12-2.

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 2,653 sq ft principal dwelling). Lot size: 13,242 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

Original Price$1,650,000
Annual Taxes$14,579

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms13
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
BasementFull

Climate & Utilities

HeatingBaseboard, Hot Water, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSRB

Property & Lot

Acres0.3
SqFt Lot13,242
Lot Features--

Amenities & Appliances

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

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bedroom 5Bathroom 3
Second
OfficeMaster BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomFamily Room
Main,First
KitchenBathroom 1
Living Room
Lvl First

Flooring - Hardwood, Crown Molding, Decorative Molding, Pocket Door

Dining Room
Lvl First

Flooring - Hardwood, Crown Molding, Pocket Door, Tray Ceiling(s)

Kitchen
Lvl Main,First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Remodeled

Office
Lvl Second

Flooring - Wall to Wall Carpet

Family Room
Lvl First

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Open Floorplan, Slider

Master Bedroom
Lvl Second

Ceiling Fan(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bedroom 4
Lvl Third

Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 5
Lvl Third

Flooring - Wall to Wall Carpet, Recessed Lighting

Bathroom 1
Lvl Main,First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Laminate

Listing Provided By

Listing Agent: Mary Ellen Mcdonough

Listing Office: Donahue Real Estate Co.

MLS® Number: 73574600