23 Bellevue Wellesley — Photo 1 of 38
$3,800,000
Investment Analysis — 23 Bellevue
Wellesley, MA 02481 — Wellesley Hills
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02481 carries an estimated $5,340/mo in gross rent — about a 0.08% cap rate and $3,101/yr in estimated NOI at the $3,800,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
6,289
Style
Single Family
Built
1980
Recently renovated expansive Cape with over 6200 sq ft of living space on three floors. Beautifully landscaped ½ acre lot in the very desirable and prestigious Peirce Estates. Generously proportioned living, dining, and family rooms, first floor Library/Office, updated eat in kitchen, renovated marble baths and optional first floor main suite. Total 5 Bedrooms, 3 full and 3 half baths. Crystal chandeliers throughout the house. Fully finished basement with checkered Italian marble floors in the front room. Fenced back yard with a deck and a stone fire pit. Attached two car garage. Bates elementary school. Meticulously maintained this home is perfect for peaceful living or entertaining friends.
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 6,289 sq ft principal dwelling). Lot size: 20,517 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Walk/Jog Trails • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First22 x 16
Flooring - Hardwood
Dining Room
Lvl First15 x 16
Flooring - Hardwood
Kitchen
Lvl First17 x 19
Flooring - Hardwood, Dining Area
Family Room
Lvl First23 x 16
Flooring - Hardwood, Wet Bar, Deck - Exterior, Exterior Access
Master Bedroom
Lvl Second17 x 22
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second16 x 10
Bedroom 3
Lvl Second21 x 9
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second16 x 13
Closet, Flooring - Hardwood
Bedroom 5
Lvl First20 x 16
Bathroom - Full, Closet, Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl FirstBathroom - Half
Property History
$3,800,000
Jul 28, 2026
MLS® 73555589
$16,800
Jun 18, 2026
MLS® 73538689
$1,795,000
Mar 30, 2011
MLS® 71148166
$7,000
Jan 26, 2011
MLS® 71148177
$1,795,000
Oct 7, 2010
MLS® 71148166
$9,000
Oct 7, 2010
MLS® 71148177
$1,995,000
Oct 7, 2010
MLS® 71132330
$1,995,000
Sep 6, 2010
MLS® 71132330
Listing Agent: Ritu Chawla
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73555589
