
38 Reynolds Ave Randolph — Photo 1 of 42
$995,000
Investment Analysis — 38 Reynolds Ave
Randolph, MA 02368
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02368 carries an estimated $3,810/mo in gross rent — about a 2.62% cap rate and $26,055/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
3,394
Style
Single Family
Built
1956
Spacious and versatile multi-unit property offering exceptional living space and flexibility. A welcoming front porch leads to a 20' x 20' four-season breezeway. The main residence features four bedrooms, an additional office, two full baths, an updated kitchen, a dining room, and a comfortable living room. Washer/dryer hookups are available on the main level and in the basement. The separately designed second living area, built in 2008 above a heated two-car garage, features central heating and air conditioning, a bright open-concept layout, a living room, a kitchen with granite countertops, one spacious bedroom, a full bath with granite countertop, and a washer/dryer hookup. A large three-season deck provides additional space for outdoor enjoyment. The second living area may offer options for additional living space, guests, a home office, or other permitted uses. Buyers and their agents should independently verify the property’s legal use, zoning, permitting, occupancy, and rental potential. The backyard also includes a large two-story storage shed for tools and outdoor equipment. Conveniently located near shopping, restaurants, major routes, and local amenities. A distinctive property offering a variety of possibilities. Schedule your private showing today.
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 3,394 sq ft principal dwelling). Lot size: 21,307 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
Amenities & Appliances
Gas Water Heater • Electric Water Heater • Range
Neighborhood
Public Transportation • Shopping • Medical Facility • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 12
Flooring - Hardwood
Dining Room
Lvl First11 x 10
Flooring - Hardwood
Kitchen
Lvl First11 x 9
Flooring - Vinyl
Primary Bedroom
Lvl First11 x 14
Closet, Flooring - Hardwood
Bedroom 2
Lvl First14 x 10
Bedroom 3
Lvl Second10 x 14
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second12 x 9
Bathroom 1
Lvl First9 x 5
Bathroom - Full
Bathroom 2
Lvl Second7 x 5
Bathroom - With Shower Stall
Property History
$995,000
Sep 14, 2026
MLS® 73576581
$995,000
Sep 14, 2026
MLS® 73576582
Listing Agent: Emily A. Smith
Listing Office: Venture
MLS® Number: 73576581