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9 Days on market
764 Central Ave Needham — Photo 1 of 2

764 Central Ave Needham — Photo 1 of 2

$1,500,000

Investment Analysis — 764 Central Ave

Needham, MA 02492

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02492 carries an estimated $2,890/mo in gross rent — about a 1.02% cap rate and $15,368/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

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Two a adjoining building lots. Welcome to 764 Central Avenue in the desirable Sunita Williams School neighborhood! Set near Volante Farms, this distinctive property offers an exceptional opportunity to renovate, expand or explore new construction on an approximately 45,942 sq. ft. lot. The gently rolling grounds feature a picturesque ornamental pond, traditionally enjoyed for winter ice skating, creating a unique setting rarely found this close to Needham Center. The sun-filled Cape-style residence offers approximately 1,705 sq. ft. of living space, including five bedrooms, two full baths and a comfortable living room. Renovate and personalize the existing home, undertake a substantial expansion, or investigate the property's new-construction potential, subject to all applicable approvals and buyer due diligence. An additional opportunity: An abutting approximately 10,209 sq. ft. lot with an existing New England timber frame barn is also available for purchase separately ($1,000,000), providing buyers the opportunity to assemble approximately 56,151 sq. ft. of contiguous land. Buyers interested in additional land, privacy, recreational space or development potential should inquire for details. Enjoy convenient access to Sunita Williams Elementary School, athletic fields, playgrounds and Volante Farms. Needham Center and Needham Heights commuter-rail stations are nearby, along with Needham's restaurants, shops, recreational facilities and active cultural community. And yes, there is a Trader Joe's! A distinctive property with abundant land and possibilities in one of Needham's most convenient neighborhoods. Property is being sold “as is.” Buyers and their representatives are responsible for independently verifying all information and performing their own due diligence regarding zoning, wetlands, utilities, permits, buildability and development potential.

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$1,500,000
Annual Taxes$10,989

Parking

Garage0
Off-Street0

Interior Specifications

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BasementNone

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WaterPublic, On-Site
SewerPublic Sewer, On-Site

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ZoningSRB

Property & Lot

Acres1.06
SqFt Lot45,956
Lot FeaturesEasements, Wetlands, Irregular Lot, Cleared

Neighborhood

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Geography

Listing Provided By

Listing Agent: Michael Niden

Listing Office: Keller Williams Realty

MLS® Number: 73571703