16 Gage Street Needham — Photo 1 of 32
$1,399,000
Investment Analysis — 16 Gage Street
Needham, MA 02492
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02492 carries an estimated $4,320/mo in gross rent — about a 1.99% cap rate and $27,899/yr in estimated NOI at the $1,399,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,093
Style
Single Family
Built
1922
A Gem on Gage! This warm and inviting 3-bedroom, 2.5-bath home is one you’ll fall in love with the moment you step inside. Thoughtfully renovated in 2010, it offers 2,093 SF of comfortable living space with a welcoming and functional layout. The first floor features a light-filled entry, den/office, family room, beautiful kitchen, dining room and half bath. Step outside to a spacious Trex deck overlooking the large backyard—perfect for entertaining, play or relaxation. Upstairs, you’ll find a primary suite with private bath plus two additional bedrooms and shared bath. The lower level adds a family room, flexible bonus space, room to exercise, laundry and plenty of storage. Enjoy the best of in-town living while tucked into a neighborhood setting, just .2 miles from Needham Center’s shops, restaurants and commuter rail. A special home filled with warmth, charm and convenience!
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 2,093 sq ft principal dwelling). Lot size: 6,534 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 • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Dining Room
Lvl First14 x 10
Kitchen
Lvl First11 x 13
Office
Lvl First12 x 9
Primary Bedroom
Lvl Second14 x 19
Bedroom 2
Lvl Second14 x 10
Bedroom 3
Lvl Second10 x 10
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: The Samantha Eisenberg Group
Listing Office: Compass
MLS® Number: 73580779
