394 Hammond St Newton — Photo 1 of 24
Recent Drop: $350,000
$5,627,000
Investment Analysis — 394 Hammond St
Newton, MA 02467 — Chestnut Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 9-bedroom in 02467 carries an estimated $5,380/mo in gross rent — about a 0.08% cap rate and $4,726/yr in estimated NOI at the $5,627,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
5.5
SqFt
8,485
Style
Single Family
Built
1880
Once-in-a-lifetime opportunity in Olde Chestnut Hill - this grand turn of the century victorian home is situated on almost 1 acre and offers mature trees and plantings, a large private back yard, and a separate 2+ car barn. Walking distance to many area amenities and public transportation, this elegant home is perfectly sighted away from the street and offers supreme privacy. Many restored historical details include a formal foyer with grand staircase, multiple fireplaces, and reclaimed hardwood flooring. Flooded with natural light this gracious home offers a large eat-in kitchen that overlooks the back yard, a banquet sized formal dining room, and a double parlor that is ideal for entertaining. The second floor of the home is complete with 4+ bedrooms, including a bright primary bedroom with en suite bath and study. The top floor boasts 3+ bedroom, large laundry room. Abundant storage throughout, partially finished basement, plus an outdoor covered loggia in the heart of Chestnut Hill
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 8,485 sq ft principal dwelling). Lot size: 40,025 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
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails
Geography
Property History
$22,000
Jul 21, 2026
MLS® 73553058
$5,627,000
Was $5,977,000
Apr 10, 2026
MLS® 73469901
$5,977,000
Jan 20, 2026
MLS® 73469901
$6,350,000
May 16, 2025
MLS® 73332096
$6,350,000
Feb 4, 2025
MLS® 73332096
Listing Agent: Michael Harper
Listing Office: MGS Group Real Estate LTD
MLS® Number: 73469901
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