
278 Wellman Ave #278 Chelmsford — Photo 1 of 42
$495,000
Investment Analysis — 278 Wellman Ave #278
Chelmsford, MA 01863
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 2-bedroom in 01863 carries an estimated $2,230/mo in gross rent — about a 1.59% cap rate and $7,883/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,660
Style
Condominium
Built
1985
Welcome to 278 Wellman Avenue! This bright and inviting three-level colonial style townhouse offers beautiful Merrimack River views and a versatile layout designed for comfortable living and entertaining. The main living level with hardwood floors is filled with natural light and features an electric fireplace, creating a warm and welcoming gathering space. The open-concept living and dining areas flow seamlessly to a spacious deck overlooking the river—an ideal spot to enjoy your morning coffee, unwind at the end of the day, or entertain guests. The well-appointed kitchen features generous cabinet storage and updated appliances, while a convenient half bath completes the main level. Upstairs, you'll find two generously sized bedrooms and an updated full bath with laundry. The lower level offers exceptional flexibility with an additional bedroom, bonus living area, full bath, and storage—perfect for guests, a home office, family room, or extended living space. Located in the desirable Williamsburg community, residents enjoy an array of amenities including scenic riverfront walking trails, kayaking access, two swimming pools, and tennis courts. With its stunning water views, multiple levels of living space, and fantastic community amenities, this home offers a wonderful combination of comfort, versatility, and an active lifestyle. Open House Sat Sept 12 11 am to 12:30!
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
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 12
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting
Dining Room
Lvl First11 x 9
Ceiling Fan(s), Flooring - Hardwood, Slider
Kitchen
Lvl First11 x 11
Flooring - Hardwood, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl Basement19 x 19
Flooring - Wall to Wall Carpet, Recessed Lighting
Master Bedroom
Lvl Second20 x 12
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second16 x 10
Bathroom 1
Lvl First5 x 5
Bathroom - Half
Bathroom 2
Lvl Second9 x 8
Bathroom - Full, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Bathroom 3
Lvl Basement10 x 5
Bathroom - 3/4, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$495,000
Sep 9, 2026
MLS® 73574762
$395,000
Dec 6, 2024
MLS® 73300618
$399,000
Oct 9, 2024
MLS® 73300618
Listing Agent: Team Blue
Listing Office: ERA Key Realty Services
MLS® Number: 73574762
