53 Elmwood Rd Wellesley — Photo 1 of 20
$1,950,000
Investment Analysis — 53 Elmwood Rd
Wellesley, MA 02481
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02481 carries an estimated $4,830/mo in gross rent — about a 1.24% cap rate and $24,271/yr in estimated NOI at the $1,950,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,595
Style
Single Family
Built
1900
Bring your vision to life in one of the area’s most desirable neighborhoods. Situated on nearly an acre in the heart of the Bates neighborhood, this property offers exciting possibilities. Transform the current home or start fresh and create something entirely your own. Enjoy a wonderful setting close to Bates Elementary, Boulder Brook conservation land, walking and hiking trails, and nearby tennis courts. An exceptional chance to make your mark in a location that is hard to beat. Demo permit in hand. Buyer and buyer’s agent are responsible for conducting their own due diligence.
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: 798 sq ft (the lesser of 900 sq ft or half the 1,595 sq ft principal dwelling). Lot size: 40,000 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 MLS and other third-party data may be inaccurate or out of date.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 • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area • Public School
Geography
Property History
$1,950,000
Aug 18, 2026
MLS® 73565252
$2,200,000
Aug 10, 2026
MLS® 73494065
$2,200,000
Aug 10, 2026
MLS® 73494068
$2,200,000
Mar 31, 2026
MLS® 73494065
$2,200,000
Mar 31, 2026
MLS® 73494068
Listing Agent: Donahue Maley And Burns Team
Listing Office: Compass
MLS® Number: 73565252
