
131 Fair Oaks Park Needham — Photo 1 of 38
$3,450,000
Investment Analysis — 131 Fair Oaks Park
Needham, MA 02492
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 0.75% cap rate and $25,879/yr in estimated NOI at the $3,450,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4
SqFt
4,800
Style
Single Family
Built
1910
A rare double-lot estate on Fair Oaks Park MORE INTERIOR PHOTOS SOON—once named by Boston Magazine as the most premier street in all of Needham. Located less than half a mile from schools, parks, Needham Center, and the commuter rail to Boston, this exceptional property offers a truly rare combination of architectural character, expansive grounds, and in-town convenience.Set on more than half an acre with 180 feet of frontage on Fair Oaks Park, this Spanish Colonial estate is more than a beautiful home—it is a distinctive piece of Needham’s architectural story. Its soaring ceilings, period craftsmanship, abundant natural light, and gracious proportions reflect the scale and character of a landmark residence, while the four levels of living space. Formal rooms provide an elegant setting for entertaining, while relaxed gathering spaces make the home equally well suited to everyday family life. The bright kitchen features a Sub-Zero refrigerator, double ovens, and a separate eating area. The versatile lower-level suite, with its own separate entrance, provides flexibility for guests, multigenerational living, an au pair, or a dedicated home office or professional workspace. Outside, the property transforms into a private, resort-like retreat—an especially uncommon offering so close to Needham Center. French doors open to multiple outdoor living spaces, including a broad deck and sheltered entertaining area. The professionally maintained, fenced grounds feature expansive lawns with an irrigation system, established gardens, and an architect-designed, heated 30,000-gallon Gunite pool. It is a setting designed for quiet mornings, summer gatherings, and everything in between. What truly distinguishes this estate is the combination of its historic architectural identity, substantial private grounds, and exceptional close-to-town location. Opportunities to own a property of this scale and character in such a coveted setting are exceedingly rare. Bring your vision and make this extraordinary home your own. Shown by private appointment only.
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 4,800 sq ft principal dwelling). Lot size: 26,789 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 • Oven • Dishwasher • Refrigerator • Washer • Dryer • Other
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26 x 14
Flooring - Hardwood, Window Seat
Dining Room
Lvl First12 x 15
Flooring - Hardwood, Pocket Door, Window Seat
Kitchen
Lvl First12 x 17
Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting
Family Room
Lvl BasementFlooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second15 x 15
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet, Balcony - Exterior, French Doors
Bedroom 2
Lvl Second14 x 12
Bedroom 3
Lvl Second14 x 14
Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second13 x 14
Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 5
Lvl Third15 x 12
Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Half
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl BasementProperty History
$3,450,000
Sep 23, 2026
MLS® 73581831
$3,450,000
Sep 23, 2026
MLS® 73581885
$3,850,000
Sep 16, 2026
MLS® 73502566
$3,850,000
Apr 15, 2026
MLS® 73502566
Listing Agent: Marie Moore Shapiro
Listing Office: Hawthorn Properties
MLS® Number: 73581831