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3 Days on market
354 Hunnewell Street Needham — Photo 1 of 19

354 Hunnewell Street Needham — Photo 1 of 19

$935,000

Investment Analysis — 354 Hunnewell Street

Needham, MA 02494

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02494 carries an estimated $3,640/mo in gross rent — about a 2.39% cap rate and $22,305/yr in estimated NOI at the $935,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,032

Style

Single Family

Built

1880

Tucked away on a private back lot in an extremely convenient Needham Heights location, this home, extensively renovated in 2014, offers a wonderful combination of space, privacy, and functionality. High ceilings and abundant natural light create an airy feel throughout. The first floor features a spacious family room, dining room, and renovated eat-in kitchen that flows seamlessly to the large, level and private backyard, complete with patio, perfect for everyday living and entertaining. A full bath completes the main level. Upstairs, you will find three comfortable bedrooms and an additional full bath complete with laundry as well as an oversized hall closet. The partially finished lower level provides valuable bonus living space, ideal for a playroom, home office, gym, or media room. Set back from the road yet close to all that Needham has to offer, this inviting home is not to be missed!

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 2,032 sq ft principal dwelling). Lot size: 6,970 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$935,000
Annual Taxes$10,892

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull, Partially Finished, Interior Entry, Radon Remediation System

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s), None
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSRB

Property & Lot

Acres0.16
SqFt Lot6,970
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

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

16 x 16

Ceiling Fan(s), Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

13 x 9

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Lighting - Overhead

Kitchen
Lvl First

15 x 11

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant

Primary Bedroom
Lvl Second

13 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Bedroom 2
Lvl Second

15 x 9

Bedroom 3
Lvl Second

12 x 13

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

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Lighting - Overhead, Soaking Tub

Listing Provided By

Listing Agent: Rob And Meaghan

Listing Office: Hawthorn Properties

MLS® Number: 73581101