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24 School Street Walpole — Photo 1 of 42

24 School Street Walpole — Photo 1 of 42

$565,000

Investment Analysis — 24 School Street

Walpole, MA 02081

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02081 carries an estimated $3,140/mo in gross rent — about a 3.94% cap rate and $22,260/yr in estimated NOI at the $565,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,415

Style

Single Family

Built

1900

Character, comfort & major updates in a convenient Walpole location! Built in 1900, this charming home blends period details with thoughtful improvements for today’s lifestyle. Hardwood floors flow throughout, while inviting living and family rooms feature beautiful trim that adds warmth and personality. A bright dining room with additional built-in storage provides plenty of space for gathering, while three bedrooms upstairs offer flexibility for sleeping, guests or a home office. Outside, enjoy a fully fenced yard with room to relax, garden or entertain, complete with a firepit area and raised garden beds. A detached two-car garage adds valuable parking and storage. Even better, many of the big-ticket improvements have already been completed, including updated electrical with certified removal of all knob-and-tube wiring, a new heat pump and gas furnace heating/AC system, and a new hot water heater. Conveniently located near Walpole schools, town amenities and commuter routes. A character-filled home with the important updates already taken care of—move in and make it your own!

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: 708 sq ft (the lesser of 900 sq ft or half the 1,415 sq ft principal dwelling). Lot size: 9,828 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$565,000
Annual Taxes$6,377

Parking

Garage2
Off-Street3

Interior Specifications

Total Rooms7
FireplacesNone
Flooring--
BasementInterior Entry, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingHeat Pump, Natural Gas
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
Zoning.

Property & Lot

Acres0.23
SqFt Lot9,828
Lot FeaturesEasements

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

12 x 12

Flooring - Hardwood

Dining Room
Lvl First

12 x 12

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl First

18 x 11

Family Room
Lvl First

13 x 11

Closet, Flooring - Hardwood

Primary Bedroom
Lvl Second

9 x 21

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood

Bedroom 2
Lvl Second

15 x 9

Bedroom 3
Lvl Second

15 x 12

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: Isobel Wilson

Listing Office: Bella Real Estate

MLS® Number: 73582373