98 Falcon Street Needham — Photo 1 of 30
$3,099,000
Investment Analysis — 98 Falcon Street
Needham, MA 02492
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 1.08% cap rate and $33,503/yr in estimated NOI at the $3,099,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
5
SqFt
5,200
Style
Single Family
Built
2026
Exceptional new construction in the highly sought-after Mitchell School district. Built by a respected local builder, this stunning residence showcases outstanding craftsmanship, thoughtful design, and elevated finishes throughout. Featuring 6 bedrooms and 5 full baths, the versatile floor plan is designed to accommodate today's lifestyle, including a first-floor bedroom or private office suite with an adjacent full bath. The heart of the home is a spectacular chef's kitchen complete w/ a wet bar, seamlessly connecting to the expansive dining and living areas. Step outside to a spacious covered deck overlooking a beautifully landscaped, fenced backyard—perfect for entertaining and everyday enjoyment. The finished lower level offers exceptional flexibility with a dedicated fitness space, playroom space, additional bedroom, and full bath. Combining luxury, comfort, and functionality in one of Needham's most desirable neighborhoods, this is a rare opportunity 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 5,200 sq ft principal dwelling). Lot size: 10,237 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
Electric Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl FirstBedroom 3
Lvl SecondBedroom 4
Lvl SecondBedroom 5
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Connor Gillen
Listing Office: Keller Williams Realty
MLS® Number: 73582444