Active
206 Days on market
331 Heath Street Brookline — Photo 1 of 31

331 Heath Street Brookline — Photo 1 of 31

Recent Drop: $250,000

$4,000,000
$3,750,000

$3,750,000

Investment Analysis — 331 Heath Street

Brookline, MA 02467 — Chestnut Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02467 carries an estimated $4,870/mo in gross rent — about a 0.07% cap rate and $2,783/yr in estimated NOI at the $3,750,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3.5

SqFt

3,790

Style

Single Family

Built

1993

Location, Location, Location! 41,000+ square feet of land! Great opportunity to live in this unique contemporary home, add on or build your dream home on this site! The current home features 4 levels of living space with windows galore, many opening to patios, decks or balconies. 3 ensuite-bedrooms, 3 full and 1 half bath. The home offers 3 fireplaces adding warmth and a comforting glow. The kitchen is the heart of the home with generous center island, walls of glass and windowed alcove for dining as well as a spacious desk area. There is a large home office, that makes working from home a pleasure. The office could double as a 4th bedroom. Cool upper level loft serves as a meditation space with fireplace and balcony! Great walls for art and the hallways are truly galleries. Such fabulous spaces inside and out for entertaining. Updated systems. Lovely grounds. Spacious 2-car garage with ample storage.

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 3,790 sq ft principal dwelling). Lot size: 41,010 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$4,000,000
Annual Taxes$41,631

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms8
Fireplaces3
FlooringTile, Carpet, Marble, Stone / Slate, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Walk-Out Access, Concrete

Climate & Utilities

HeatingRadiant, Heat Pump, Natural Gas, Fireplace(s), Fireplace
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofSlate, Rubber, Clay
FoundationConcrete Perimeter, Irregular
ZoningS26

Property & Lot

Acres0.94
SqFt Lot41,010
Lot Features--

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • University

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBedroom 2Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Basement
Bedroom 3
Living Room
Lvl First

21 x 17

Beamed Ceilings, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Wet Bar, Recessed Lighting

Dining Room
Lvl First

15 x 13

Beamed Ceilings, Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access

Kitchen
Lvl First

25 x 14

Flooring - Stone/Ceramic Tile, Window(s) - Picture, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Office
Lvl Second

20 x 13

Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Recessed Lighting

Primary Bedroom
Lvl Second

14 x 13

Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Stone/Ceramic Tile, Balcony / Deck, Recessed Lighting

Bedroom 2
Lvl Second

13 x 12

Bedroom 3
Lvl Basement

12 x 9

Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting, Closet - Double

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second
Bathroom 3
Lvl Second

Property History

Price Drop
$3,750,000

Was $4,000,000

Jul 14, 2026

MLS® 73481377

Listed
$4,000,000

Mar 2, 2026

MLS® 73481377

Expired
$2,975,000

Sep 1, 2004

MLS® 70009932

Listed
$2,975,000

Mar 23, 2004

MLS® 70009932

Listing Provided By

Listing Agent: Bobby Morgenstern

Listing Office: Advisors Living - Wellesley

MLS® Number: 73481377

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