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575 Chestnut Street Newton — Photo 1 of 42

575 Chestnut Street Newton — Photo 1 of 42

$1,698,000

Investment Analysis — 575 Chestnut Street

Newton, MA 02468 — Waban

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02468 carries an estimated $4,390/mo in gross rent — about a 1.46% cap rate and $24,843/yr in estimated NOI at the $1,698,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,771

Style

Single Family

Built

1920

Waban! Nestled in a highly desirable and exceptionally convenient neighborhood, this gracious Colonial offers timeless character, generous living spaces and wonderful versatility on approximately one-third of an acre. A tiled vestibule framed by full-length sidelights provides a welcoming introduction to the home. The inviting interior features well-proportioned rooms and a spacious eat-in kitchen with a substantial center island and cooktop, ideal for everyday living and entertaining. Three generously sized bedrooms include a lovely primary suite featuring a walk-in closet illuminated by two expansive windows and an en suite bath with a classic clawfoot tub, separate shower, double sinks and charming arched windows. An exceptional feature of this home is the flexibility of the home office which offers a separate waiting area with built-in bookshelves and its own private entrance—an ideal arrangement for working from home, meeting with clients or creating a private professional space. Set on a beautiful 13,537 square foot lot, the property offers a wonderful combination of indoor comfort and outdoor space in one of Newton’s most sought-after villages. Enjoy close proximity to Waban Square with its shops, restaurants, neighborhood amenities, Angier Elementary as well as the school bus pick up and drop off for Brown and NSHS. Near Cold Spring Park, Mass General Brigham Newton-Wellesley Hospital, and the Riverside D Line for convenient access into Boston. Commuting by car? Route 9, the Mass Pike and Route 95 are quite close! A special opportunity to enjoy classic Colonial architecture, flexible living and an outstanding 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: 900 sq ft (the lesser of 900 sq ft or half the 2,771 sq ft principal dwelling). Lot size: 13,537 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.

Open Houses

Property Details

Financials

Original Price$1,698,000
Annual Taxes$15,194

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringHardwood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Garage Access, Radon Remediation System

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSR2

Property & Lot

Acres0.31
SqFt Lot13,537
Lot FeaturesSloped

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood • Cooktop

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenOfficeBathroom 1
Living Room
Lvl First

19.1 x 13.1

Dining Room
Lvl First

18.11 x 13.1

Kitchen
Lvl First

27.4 x 13.2

Office
Lvl First

13.3 x 9.5

Primary Bedroom
Lvl Second

19.4 x 12.11

Bedroom 2
Lvl Second

14.1 x 13.6

Bedroom 3
Lvl Second

12.11 x 12.9

Bathroom 1
Lvl First

4.11 x 4.8

Bathroom 2
Lvl Second

11.4 x 7.1

Bathroom 3
Lvl Second

7.9 x 5.9

Listing Provided By

Listing Agent: The Margie And Jon Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73579711