308 Webster Street Needham — Photo 1 of 18
$1,199,000
Investment Analysis — 308 Webster Street
Needham, MA 02494
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 2.15% cap rate and $25,725/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,689
Style
Single Family
Built
1940
This charming and totally updated Cape offers a welcoming layout and a convenient location. An enclosed mudroom provides a practical entry, leading to a comfortable family room and timeless, bright eat-in kitchen with gas cooking. Two bedrooms and an updated full bath complete the first floor. Upstairs are two additional bedrooms and a second beautifully remodeled full bath. The partially finished lower level offers exceptional flex space for a playroom, exercise area or additional living space. Just outside the kitchen, a fully fenced, level backyard creates an inviting setting for outdoor dining, entertaining and everyday enjoyment. Less than a half mile from Needham Heights and the Train!
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: 845 sq ft (the lesser of 900 sq ft or half the 1,689 sq ft principal dwelling). Lot size: 10,019 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 MLS and other third-party data may be inaccurate or out of date.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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19 x 11
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl First14 x 10
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances
Primary Bedroom
Lvl First19 x 12
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl First10 x 9
Bedroom 3
Lvl Second19 x 12
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl Second16 x 11
Closet, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Rob And Meaghan
Listing Office: Hawthorn Properties
MLS® Number: 73578243