309 Hillside Avenue Needham — Photo 1 of 37
$949,900
Investment Analysis — 309 Hillside Avenue
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 2.94% cap rate and $27,929/yr in estimated NOI at the $949,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,004
Style
Single Family
Built
1904
Timeless Victorian charm meets modern updates in this beautifully maintained attached single-family home in the heart of Needham Heights. A welcoming three-season porch leads into a sun-filled living room w/ abundant natural light & classic character. The formal dining room features a built-in cabinet, creating the perfect space for entertaining. The renovated kitchen offers stylish finishes, updated cabinetry & modern conveniences, along w/ a convenient half bath & direct access to a private deck overlooking the backyard. The second floor includes a spacious primary bedroom, two additional bedrooms & full bath. The third level provides exceptional flexibility w/ a fourth bedroom & dedicated home office, ideal for today's lifestyle. The walk-out basement offers high ceilings, ample storage & outstanding potential for future finished living space. A storage shed, generous off-street parking & an unbeatable location just moments from Needham Heights shops, restaurants & commuter rail.
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 2,004 sq ft principal dwelling). Lot size: 5,227 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Deck - Exterior, Exterior Access, Stainless Steel Appliances
Office
Lvl ThirdFlooring - Hardwood
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl ThirdSkylight, Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile
Property History
$4,750
Aug 17, 2026
MLS® 73560826
$4,750
Aug 7, 2026
MLS® 73560826
$949,900
Jul 9, 2026
MLS® 73547336
Listing Agent: The Varano Realty Group
Listing Office: Keller Williams Realty
MLS® Number: 73547336
