114 Parish Rd Needham — Photo 1 of 4
Recent Drop: $140,000
$1,185,000
Investment Analysis — 114 Parish Rd
Needham, MA 02494
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02494 carries an estimated $2,440/mo in gross rent — about a 0.99% cap rate and $11,704/yr in estimated NOI at the $1,185,000 list price. Adjust every assumption in the calculator below.
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Developers and contractors take note! Excellent opportunity to build your dream home on this level 0.35-acre corner lot in a well-established residential neighborhood. Situated among newer construction homes, this level property is improved with an existing home and is serviced by public water, public sewer, and on-site electric. Conveniently located near local amenities, schools, shopping, and major commuter routes, this property provides the ideal setting in a desirable location. Buyer and buyer's agent to perform their own due diligence regarding all permits, approvals, and building requirements. Note: Solar panels are leased and lease will need to be assumed by the new owner.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Property History
$1,185,000
Was $1,200,000
Aug 15, 2026
MLS® 73544558
$1,200,000
Aug 1, 2026
MLS® 73512338
$1,200,000
Was $1,249,000
Jul 22, 2026
MLS® 73544558
$1,249,000
Was $1,275,000
Jul 16, 2026
MLS® 73544558
$1,275,000
Was $1,325,000
Jul 9, 2026
MLS® 73544558
$1,325,000
Jul 3, 2026
MLS® 73544558
$1,200,000
May 4, 2026
MLS® 73512338
Listing Agent: Anna Federico
Listing Office: Bel Air Properties
MLS® Number: 73544558
