30 Shute Path Newton — Photo 1 of 21
$999,000
Investment Analysis — 30 Shute Path
Newton, MA 02459
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02459 carries an estimated $4,110/mo in gross rent — about a 3.18% cap rate and $31,743/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,056
Style
Single Family
Built
1950
Builders, contractors, and developers take notice! This desirable corner lot is located in Newton’s sought-after Oak Hill Park neighborhood, close to highly regarded public schools, public transportation, parks, shopping, restaurants, and the Longwood Medical Area. The existing ranch-style home offers 3 bedrooms, 1 bathroom, and approximately 1,056 square feet of living space. This property presents a unique opportunity to bring your vision to life and create something special in a well-established Newton neighborhood. For those considering a larger-scale project, recent development activity in the area may provide valuable insight into the potential of this location.
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: 528 sq ft (the lesser of 900 sq ft or half the 1,056 sq ft principal dwelling). Lot size: 7,009 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 MLS and other third-party data may be inaccurate or out of date.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 • Dishwasher • Refrigerator • Freezer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area
Geography
Listing Agent: Sara Adgate
Listing Office: Compass
MLS® Number: 73580466
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