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583 Gay Street Westwood — Photo 1 of 41

583 Gay Street Westwood — Photo 1 of 41

$1,975,000

Investment Analysis — 583 Gay Street

Westwood, MA 02090

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02090 carries an estimated $3,850/mo in gross rent — about a 0.77% cap rate and $15,111/yr in estimated NOI at the $1,975,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,731

Style

Single Family

Built

1942

Take advantage of this opportunity with 3+ acres of land along with separate two bedroom guest house offering a multigenerational option. Set back from the road this unique home both in style and location offers one floor living. Surrounded by nature this property is quiet yet conveniently close to all. Welcome your guests through the front entrance foyer and lead them into a bright open plan with large windows and plenty of sunlight. There is a newer renovated kitchen complete with large island and seating as well as new appliances and counters with plenty of cabinet storage. The dining room has french doors to the back patio and a fireplace family room is the perfect spot to gather and enjoy the outdoors from all sides. Fireplace office and bedrooms, including the primary suite offer hardwood floors, ample storage and large windows. Two car garage with workshop area. Tree lined driveway, front entry way, deck and patio areas out back along with basement access and storage. Guest house offers fireplace family room, two bedrooms and two baths, kitchenette, laundry.

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 2,731 sq ft principal dwelling). Lot size: 144,904 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.

Property Details

Financials

Original Price$1,975,000
Annual Taxes$20,001

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms7
Fireplaces2
FlooringWood, Tile, Stone / Slate, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementPartial, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Oil, Fireplace(s)
CoolingDuctless
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone, Slab, Other
ZoningRE

Property & Lot

Acres3.33
SqFt Lot144,904
Lot FeaturesWooded, Easements, Level, Other

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Range Hood

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

First
Dining RoomKitchenOfficeFamily RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2Bathroom 3
Dining Room
Lvl First

15 x 15

Flooring - Hardwood, Deck - Exterior, Exterior Access, Recessed Lighting, Slider

Kitchen
Lvl First

39 x 16

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Stainless Steel Appliances, Lighting - Pendant

Office
Lvl First

14 x 14

Fireplace, Closet, Flooring - Hardwood, Exterior Access

Family Room
Lvl First

26 x 15

Window(s) - Picture, Exterior Access

Primary Bedroom
Lvl First

21 x 21

Bathroom - Full, Closet, Flooring - Hardwood, Window(s) - Picture, Exterior Access, Recessed Lighting

Bedroom 2
Lvl First

13 x 11

Bedroom 3
Lvl First

13 x 11

Closet, Flooring - Hardwood, Window(s) - Picture, Recessed Lighting

Bathroom 1
Lvl First

6 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

13 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl First

8 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting

Listing Provided By

Listing Agent: Elena Price

Listing Office: Coldwell Banker Realty - Westwood

MLS® Number: 73580760