
56 Agassiz Ave Belmont — Photo 1 of 34
$1,149,000
Investment Analysis — 56 Agassiz Ave
Belmont, MA 02478 — Waverley
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02478 carries an estimated $4,000/mo in gross rent — about a 2.00% cap rate and $22,956/yr in estimated NOI at the $1,149,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,085
Style
Single Family
Built
1896
Come admire this renovated SFH in dreamy location on a quiet street near Commuter rail/Waverely bus station, shopping, Beaver Brook Park and Butler Elementary School. You'll find this beautiful house with a fenced-in yard and double-wide 4+ car driveway offers what you've been waiting for at an incredible price. A huge entry parlor/mudroom and/or a space for a sun-filled office. The living room and dining room have a flowing, open floor plan. The kitchen is renovated to include loads of storage and food prep space, 2 sinks, a pantry, and laundry. This level also has a chalet-style cathedral ceiling, wood paneled room with skylight and sliders to the deck which overlooks a sprawling yard with a play structure (that remains). First-floor also includes a Bath with tiled shower.2nd floor has 3 bedrooms all with large closet space. Primary bedroom has a tremendous closet space & a family bath with tub/shower. Attic space accessible via hatch for additional storage potential. The lower level offers a large carpeted open area which can be used as a gym/den/game/play room, and also includes a very large half bath with shower potential. HVAC/utility room and a large storage room for all your extras. Outside features an additional storage room for outdoor deck furniture to be stored over the winter. This house is described as "Very Walkable" on the real estate sites. This is an absolutely tremendous location that is close to loads of restaurant choices, the Butler Elementary School, grocery store, cafes, florist, wine/cheese shop, post office, exercise studios, banks, salons, spray park, hiking trails with bridges over rivers (dogs allowed) and just a couple of blocks from the train (commuter rail) and the 73 bus line Waverley stop to Harvard Square. Looking for an updated property that needs nothing and in close proximity to so many food and transportation options? A street that has a basketball hoop on it and gets closed off by cones for neighborhood parties? Where neighbors offer to take care of your pets, lawn watering and mail while your away? You're buying more than a house. You get an incredible neighborhood loaded with conveniences that don't require a car. Features of Belmont: Nationally recognized schools, new High School, Library, Ice Rink, newer pools, fire stations, renovated police station, parks and playgrounds (free summer concerts), and 3 vibrant shopping areas in town and loads of public greenspace.
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 2,085 sq ft principal dwelling). Lot size: 4,900 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
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12.916666666 x 12.666666666
Flooring - Wood, Lighting - Overhead
Dining Room
Lvl First14.5 x 10.5
Flooring - Wood, Lighting - Overhead
Kitchen
Lvl First14.5 x 10.5
Pantry, Countertops - Stone/Granite/Solid, Deck - Exterior, Dryer Hookup - Electric, Exterior Access, Stainless Steel Appliances
Family Room
Lvl Basement25.75 x 21.166666666
Flooring - Wood, Lighting - Overhead
Master Bedroom
Lvl Second22 x 12.833333333
Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl Second11.75 x 8.583333333
Bedroom 3
Lvl Second11 x 10.5
Closet, Flooring - Wood, Lighting - Overhead
Bathroom 1
Lvl First5.083333333 x 4.416666666
Bathroom - Tiled With Shower Stall, Lighting - Overhead
Bathroom 2
Lvl Second10.5 x 4.75
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Lighting - Overhead
Bathroom 3
Lvl Basement10.5 x 7.166666666
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Property History
$1,149,000
Sep 9, 2026
MLS® 73574335
$1,169,500
Aug 23, 2026
MLS® 73514723
$1,169,500
May 7, 2026
MLS® 73514723
$430,000
Mar 11, 2011
MLS® 71197152
$449,000
Mar 8, 2011
MLS® 71197152
$459,900
Jan 31, 2011
MLS® 71122803
$459,900
Aug 12, 2010
MLS® 71122803
Listing Agent: Anne Mahon
Listing Office: Leading Edge Real Estate
MLS® Number: 73574335
