
35 Forest Street Wellesley — Photo 1 of 31
$1,885,000
Investment Analysis — 35 Forest Street
Wellesley, MA 02481 — Wellesley Hills
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02481 carries an estimated $5,340/mo in gross rent — about a 1.81% cap rate and $34,077/yr in estimated NOI at the $1,885,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,093
Style
Single Family
Built
1856
An inviting front porch welcomes you to this traditional New England Colonial, steeped in local history and timeless charm. Step inside the lovely foyer and gracious center hall, where a thoughtful floor plan offers effortless living and entertaining. An abundance of windows fills the home with natural light. The custom-designed kitchen is a chef’s delight, featuring two sinks, two ovens, and generous counter and cabinet space. It opens to the formal dining room with its walk-in bay and the cozy family room, complete with built-ins. Pocket doors lead to the elegant living room, where a gas fireplace and window seat create the perfect setting for relaxing or enjoying a quiet read. Upstairs, the primary bedroom features two closets, a charming bay window, and an en suite bath with a large shower, double vanity and laundry. Two additional generously sized bedrooms and a full bath complete the second floor. The tree-top third-floor retreat, surrounded by a bank of windows, offers a peaceful and inspiring space for an office or studio, along with a fourth bedroom, full bath, and abundant storage. Designed by a Beacon Hill landscape architect, the beautifully landscaped grounds invite you to enjoy the brick patio and thoughtfully designed gardens. Two driveways provide parking for four cars.Ideally located near the Brook Path, Wellesley Hills commuter rail to Boston, restaurants, and cafés, with easy access to major commuting routes, this exceptional home offers the perfect blend of character, comfort, and convenience—an unbeatable offering for your next home.
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 3,093 sq ft principal dwelling). Lot size: 10,000 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 17
Flooring - Wood, Window(s) - Bay/Bow/Box, Recessed Lighting, Pocket Door, Window Seat
Dining Room
Lvl First14 x 15
Flooring - Wood, Window(s) - Bay/Bow/Box, Recessed Lighting
Kitchen
Lvl First18 x 17
Flooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Remodeled, Peninsula
Office
Lvl Third14 x 12
Closet - Walk-in, Flooring - Wood, Recessed Lighting
Family Room
Lvl First12 x 15
Closet/Cabinets - Custom Built, Flooring - Wood, Recessed Lighting, Pocket Door
Master Bedroom
Lvl Second13 x 15
Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Recessed Lighting
Bedroom 2
Lvl Second13 x 17
Bedroom 3
Lvl Second12 x 15
Walk-In Closet(s), Flooring - Wood, Recessed Lighting
Bedroom 4
Lvl Third14 x 15
Closet, Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Wood
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup
Listing Agent: Jane Collinson
Listing Office: Advisors Living - Wellesley
MLS® Number: 73575263
