329-331 Chestnut Street, Needham MA 02492

Needham, MA 02492
$1,925,000
Est. $12,015/month
0.29
Acres
1942
Year Built
14
Days on Market
Pending Listed Oct 15, 2025 • MLS# 73444158 Copied!

About this home

Rarely does a freestanding commercial building in the heart of Needham Center become available. Situated at 329–331 Chestnut Street, this well-maintained 4,400+ SF property sits on a 12,415 SF lot and features 17 on-site parking spaces—a true rarity in this high-demand location. The building is fully leased to 3 established tenants—including an orthodontic practice, a tutoring center, and an after-school education program—each with strong rental histories and Modified Gross leases. Located within the Needham MBTA zone, just a two-minute walk to Needham Junction Station, the property offers exceptional accessibility for commuters and customers alike. Chestnut Street’s vibrant mix of local and national businesses ensures consistent foot traffic and long-term growth potential. This is a turnkey investment opportunity for an owner-user or investor seeking a stable, income-producing asset in one of Needham’s most coveted commercial corridors.

Property Overview

Listing Type
Commercial Sale
Year Built
1942

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1942
Lot Size 0.29 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available

Financial

Annual Tax $24,969

Interior Features

Flooring:
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Construction & Materials

Year Built: 1942
Structure Type:
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Heating, Cooling & Utilities

Heating:
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Exterior & Lot

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Parking & Garage

Parking Features:

Location

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Neighborhood

329-331 Chestnut Street, Needham MA 02492

Needham, MA 02492

Walkability

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Schools

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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,081
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Oct 15, 2025
$1,925,000
Original listing
Agent: Connor Gillen Office: Keller Williams Realty

Price & Status History

Date Event Price Change
Oct 15, 2025 New Listing Added $1,925,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $24,969

Financial Details

Annual Property Tax
$24,969
Tax Year 2025

Listing Information

Listing Agent Connor Gillen
Listing Office Keller Williams Realty
Agent MLS ID CN231878
Office MLS ID AN0875
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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329-331 Chestnut Street, Needham MA 02492 - Photo 1 329-331 Chestnut Street, Needham MA 02492 - Photo 2 329-331 Chestnut Street, Needham MA 02492 - Photo 3 329-331 Chestnut Street, Needham MA 02492 - Photo 4 329-331 Chestnut Street, Needham MA 02492 - Photo 5 329-331 Chestnut Street, Needham MA 02492 - Photo 6 329-331 Chestnut Street, Needham MA 02492 - Photo 7 329-331 Chestnut Street, Needham MA 02492 - Photo 8 329-331 Chestnut Street, Needham MA 02492 - Photo 9 329-331 Chestnut Street, Needham MA 02492 - Photo 10 329-331 Chestnut Street, Needham MA 02492 - Photo 11 329-331 Chestnut Street, Needham MA 02492 - Photo 12 329-331 Chestnut Street, Needham MA 02492 - Photo 13 329-331 Chestnut Street, Needham MA 02492 - Photo 14 329-331 Chestnut Street, Needham MA 02492 - Photo 15 329-331 Chestnut Street, Needham MA 02492 - Photo 16 329-331 Chestnut Street, Needham MA 02492 - Photo 17 329-331 Chestnut Street, Needham MA 02492 - Photo 18 329-331 Chestnut Street, Needham MA 02492 - Photo 19 329-331 Chestnut Street, Needham MA 02492 - Photo 20 329-331 Chestnut Street, Needham MA 02492 - Photo 21 329-331 Chestnut Street, Needham MA 02492 - Photo 22 329-331 Chestnut Street, Needham MA 02492 - Photo 23 329-331 Chestnut Street, Needham MA 02492 - Photo 24 329-331 Chestnut Street, Needham MA 02492 - Photo 25

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