164 Union St Natick — Photo 1 of 30
$989,000
Investment Analysis — 164 Union St
Natick, MA 01760
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01760 carries an estimated $3,850/mo in gross rent — about a 2.58% cap rate and $25,537/yr in estimated NOI at the $989,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,300
Style
Single Family
Built
1890
A rare opportunity to own a truly versatile property in sought-after South Natick, featuring two residential dwellings plus a detached garage/barn. Offering exceptional flexibility for homeowners, extended family, guests, or rental potential, this unique property combines character, functionality, and thoughtful updates. The main residence offers 4 bedrooms and 3 bathrooms, including a newly added upstairs full bathroom (2020), along with a remodeled kitchen (2025), new furnace (2025), new siding (2021), and a partially finished basement with fireplace providing bonus living or recreational space. The home is also partially powered by an owned 36-panel solar array, offering an additional energy-efficient feature. A charming separate cottage provides 2 additional bedrooms and living space, making it ideal for guests, extended family, a home office, or potential rental income. Mini-split heating and cooling was added in 2023 to supplement the existing oil heat. Set in a desirable location with convenient access to Natick Center, South Natick Village, local restaurants, major routes, beautiful gardens, and scenic trails, the property offers both convenience and the charm and tranquility of South Natick. With two distinct residences, a detached garage/barn, extensive recent improvements, and a flexible layout, this is a unique opportunity to create a home that adapts to your needs while offering potential for additional income or multigenerational living.
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 2,300 sq ft principal dwelling). Lot size: 15,198 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.
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Listing Agent: The Allain Group
Listing Office: Compass
MLS® Number: 73579548
