
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 12
Flooring - Hardwood
Dining Room
Lvl First12 x 12
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl First18 x 11
Family Room
Lvl First13 x 11
Closet, Flooring - Hardwood
Primary Bedroom
Lvl Second9 x 21
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 2
Lvl Second15 x 9
Bedroom 3
Lvl Second15 x 12
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Isobel Wilson
Listing Office: Bella Real Estate
MLS® Number: 73582373