
61 Elm Street Milton — Photo 1 of 40
$1,050,000
Investment Analysis — 61 Elm Street
Milton, MA 02186 — Milton Center
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02186 carries an estimated $3,080/mo in gross rent — about a 1.64% cap rate and $17,181/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,946
Style
Single Family
Built
1955
61 Elm Street is move-in ready and ideally located in Milton’s desirable "Elmiver Park" neighborhood, with Milton High School just two streets over! This bright, beautifully maintained home has been exceptionally well cared for, and it shows. Freshly painted with newly refinished hardwood floors, newer windows, and thoughtful updates throughout, there’s truly nothing to do but move in. The open-concept first floor features a fireplaced living room, dining area with a built-in china cabinet, an updated kitchen with stainless steel appliances, and a convenient half bath. Step outside to a private backyard with a brick patio—perfect for relaxing, entertaining, or outdoor dining. An irrigation system makes it easy to keep both the front and back yards looking their best. Upstairs, you’ll find three bedrooms, a full bath, and a spacious landing. The finished lower level provides valuable additional space with a large playroom or family room, laundry area, and a bathroom with shower. A new 2025 Navien combination boiler and water heater is located in a clean, well-maintained mechanical space.The location is hard to beat. Milton High School is just two streets over, while Pierce Middle School, Milton Academy, Milton Public Library, Town Hall, and BID Milton Hospital are within a mile of this home. Public transportation is also easily accessible, including bus service and the Red Line trolley, with convenient access to Routes 128/95, 24, and 3. With Boston less than 8 miles away and Logan Airport within 13 miles, 61 Elm Street offers the best of both worlds—a welcoming Milton neighborhood with exceptional access to Boston. Beautifully maintained, updated, move-in ready, and close to everything—61 Elm Street is ready to welcome its next owner.
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 1,946 sq ft principal dwelling). Lot size: 6,299 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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Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Family Room
Lvl BasementMaster Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl SecondBathroom 2
Lvl FirstBathroom 3
Lvl BasementListing Agent: Robinson / Rull Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73568972