305 Mill Street Randolph — Photo 1 of 27
$503,000
Investment Analysis — 305 Mill Street
Randolph, MA 02368
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02368 carries an estimated $3,450/mo in gross rent — about a 5.13% cap rate and $25,822/yr in estimated NOI at the $503,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,148
Style
Single Family
Built
1959
New to Market! Here is your opportunity to own this adorable 3 bedroom 1 bath ranch! The moment you walk in you will feel right at home! The living room features a beautiful wood burning fireplace, a bay window and opens up to the dinning room and kitchen. Enjoy your morning coffee on your porch overlooking your private backyard. Features include a full basement, gleaming hardwood floors, natural gas for heat and cooking, and a shed for additional storage. This is a perfect condo alternative or for someone who is looking for one level living. Ideal location minutes to Randolph Center, steps to commuter rail service, a short drive to the Braintree Redline, and highway. Lovingly owned by the same family for 67 years the and now the owners are looking for the next family who will enjoy it as much as they did. Welcome to 305 Mill Street
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: 574 sq ft (the lesser of 900 sq ft or half the 1,148 sq ft principal dwelling).
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17.25 x 15.75
Closet, Flooring - Hardwood
Dining Room
Lvl First9.416666666 x 10.333333333
Flooring - Hardwood
Kitchen
Lvl First9.833333333 x 10.333333333
Flooring - Stone/Ceramic Tile
Primary Bedroom
Lvl First13.5 x 10.333333333
Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First10.416666666 x 10.916666666
Bedroom 3
Lvl First9.666666666 x 14.083333333
Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7.166666666 x 7.666666666
Listing Agent: The Rose Mancuso Team
Listing Office: Keller Williams Realty Boston Northwest
MLS® Number: 73580891