
38 Hunnewell St Needham — Photo 1 of 38
$2,100,000
Investment Analysis — 38 Hunnewell St
Needham, MA 02494
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 1.12% cap rate and $23,493/yr in estimated NOI at the $2,100,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,850
Style
Single Family
Built
1956
Spacious 5-Bedroom Ranch with Single Floor Living, Elevator, Wine Cellar, and Nearly Half an Acre. From the street, this home reads as a classic ranch. Step inside and the layout keeps unfolding, room after room, into a home with far more scale and function than the exterior suggests. An open layout with vaulted ceilings and large windows brings in natural light across the main living areas.Designed for true single-floor living, with all primary living space on one level. An elevator connecting the floors and a ramp from the garage provide step-free access throughout, making coming and going effortless.The lower level is built for how residents actually use the space day to day: a large playroom with a built-in performance stage, desk, plus toy and sports storage gives room to play, create, or put on a show. A separate workshop or craft room provides space for bigger projects. Direct access leads out to a big backyard with a lighted basketball court, full-size soccer net, and a custom swing set.Outside, an enclosed patio opens to raised vegetable garden beds on automated irrigation, along with mature apple and blueberry trees and several varieties of wine grapes. A wine cellar offers the perfect spot to store and enjoy your own vintage.Set on 0.46 acres with panoramic views, the property offers 3,850 square feet, 5 bedrooms, and 3.5 baths across two levels that never feel disconnected.
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 3,850 sq ft principal dwelling). Lot size: 20,255 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Lighting - Pendant
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Lighting - Pendant
Family Room
Lvl FirstVaulted Ceiling(s), Flooring - Hardwood, Window(s) - Picture, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting
Primary Bedroom
Lvl FirstBathroom - Full, Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bedroom 4
Lvl FirstCloset, Flooring - Hardwood
Bedroom 5
Lvl BasementCloset, Flooring - Laminate, Chair Rail, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Lighting - Pendant
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Pedestal Sink
Listing Agent: Migdolmoore Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73581810