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61 Elm Street Milton — Photo 1 of 40

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$1,050,000
Annual Taxes$10,909

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces1
FlooringHardwood
BasementFull, Finished

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.14
SqFt Lot6,299
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater

Neighborhood

Public Transportation • Pool • Park • Medical Facility • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomBathroom 2
Basement
Family RoomBathroom 3
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Family Room
Lvl Basement
Master Bedroom
Lvl Second

Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second
Bathroom 2
Lvl First
Bathroom 3
Lvl Basement
Listing Provided By

Listing Agent: Robinson / Rull Team

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73568972