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Needham 02492
1069 Central Ave
Photo of 1069 Central Ave
Sold on Aug 18, 2026

7

Map

Photo of 1069 Central Ave
Photo of 1069 Central Ave
$799,000
● House - Off Market

1069 Central Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,705 Ft²
$4,854
Est. Monthly

About This Property

A compelling Needham opportunity for builders, contractors, investors, or end users with vision. Set on an approximately 15,500 sq ft lot and surrounded by higher-value homes, this property offers strong upside in a highly desirable location. The existing 1840 structure is being sold strictly as-is and will require significant renovation, expansion, or potential redevelopment. Whether the goal is a custom renovation, new construction, or long-term investment, the property presents a valuable project opportunity for the right buyer. Shown by appointment only.
Unit Size
2,705 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$295
Property Type
House
Property Taxes
$930
HOA Dues
-
Year Built
1840

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (MLSPIN #73505674)

Price History

Date / Event Date Event Price
Aug 18, 2026 Sold
Premium
Sold
Jun 18, 2026 In contract -
In contract
May 29, 2026 Price Decreased $799,000
↓ $150K (15.8%)
Price Decreased
May 8, 2026 Price Decreased $949,000
↓ $136K (12.5%)
Price Decreased
Apr 22, 2026 Listed by Gibson Sotheby's International Realty $1,085,000
Listed by Gibson Sotheby's International Realty
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1980
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,182
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 2,705
  • Gross Building Area: 3,887
  • Building Area: 2,705
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,705
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Needham School District
  • School Tax School District: NEEDHAM SD
  • Census Tract: 403400

Zoning

  • Zoning: B

Geography

  • Parcel: NEED M:120.0 B:0012 L:0000.0
  • Block: 12
  • Municipality: NEEDHAM
  • Latitude: 42.2845
  • Longitude: -71.253

    Address

  • Full Address: 1069 Central Ave
  • Address - House Number: 1069
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C027
  • 4-Digit Zip Code: 1855
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $894,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,501,043
  • High Value: 1,832,057
  • Low Value: 1,170,029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,200
  • Assessed Land Value: $438,200
  • Assessed Improvements Value: $248,000

    Sales

  • Current Sale Recording Date: Feb 15, 1974
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 years

Currently For Sale

66 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73505674

Frequently Asked Questions

When was property at 1069 Central Avenue built and last sold?
The property at 1069 Central Avenue was built in 1840 and last sold on Jan 1, 1970 for $37,500.
How much is this home worth?
The estimated value of the home located at 1069 Central Avenue is $989,369.
What are some comparable homes to 1069 Central Avenue?
There are currently no comparable homes to 1069 Central Avenue.
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