3 Parmenter Ter Newton — Photo 1 of 28
$975,000
Investment Analysis — 3 Parmenter Ter
Newton, MA 01754
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01754 carries an estimated $3,080/mo in gross rent — about a 1.88% cap rate and $18,285/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,768
Style
Single Family
Built
1925
Welcome to 3 Parmenter Terrace. This sun-filled Gambrel Colonial home sits in a cul-de-sac and offers a wonderful blend of character, comfort, and convenience. The open-concept first floor features a spacious fireplaced living room, dining area, and kitchen with an easy flow that’s perfect for entertaining. The large sunroom provides a bright and versatile space for a home office, playroom, or relaxing retreat. Upstairs are 3 generously sized bedrooms and a full bath. The unfinished attic and basement offer exciting possibilities for future expansion, storage, or additional living space. Enjoy the outdoors in the beautifully landscaped, fenced yard or on the private patio. A paved driveway and one-car garage add valuable convenience. Easy to walk to Franklin school which will be brand new in 2027, amenities/commuter rail of West Newton Village, as well as the vibrant dining and shops along Moody Street in nearby Waltham. A wonderful opportunity to enjoy all that this special location has to offer! (Roof approximately 18 years old. Hot water- 2025, Heating system-1977, Windows 2021, Porch replaced 2017)
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: 884 sq ft (the lesser of 900 sq ft or half the 1,768 sq ft principal dwelling). Lot size: 5,744 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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Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 12
Flooring - Hardwood
Dining Room
Lvl First12 x 12
Flooring - Hardwood, Open Floorplan
Kitchen
Lvl First12 x 11
Flooring - Vinyl
Primary Bedroom
Lvl Second19 x 12
Flooring - Hardwood
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second13 x 9
Flooring - Hardwood, Attic Access
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl BasementBathroom - Full
Property History
$975,000
Sep 23, 2026
MLS® 73581399
$532,000
Sep 18, 2010
MLS® 71134894
$549,000
Sep 10, 2010
MLS® 71134894
Listing Agent: Rachel Hillman Foy
Listing Office: Hillman Homes
MLS® Number: 73581399