15 Wedgwood Rd Wellesley — Photo 1 of 35
$2,649,000
Investment Analysis — 15 Wedgwood Rd
Wellesley, MA 02481 — Bates Neighborhood
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 1.01% cap rate and $26,846/yr in estimated NOI at the $2,649,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
4,181
Style
Single Family
Built
1965
Fully renovated Colonial on a Bates cul-de-sac near school and conservation trails. A 2016 whole-home renovation by a renowned architect and builder opened the first floor into one bright, column-free kitchen, family room and breakfast nook. The kitchen has a large center island with raised bar, 48" refrigerator, 36" rangetop, double wall ovens, microwave drawer and coffee bar, plus a built-in banquette and media cabinet. A large Andersen slider leads to the party-size deck. Mudroom with bench, powder room, study nook and a fireplaced living room complete the main level. Upstairs, five bedrooms include a primary suite with soaking tub, glass-walled tile shower, double vanity and fitted walk-in closet. Two more full baths were redone and a true second-floor laundry added. Walk-out lower level with rec room and gym. Andersen windows, spray foam insulation, gas heat and central air. Roof and paint 2024; steps, walkway and driveway 2026. Tesla Charger. Move-in ready, magazine-worthy, and waiting for you.
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 4,181 sq ft principal dwelling). Lot size: 15,000 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
Gas Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl First23 x 14
Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Overhead
Kitchen
Lvl Main,First22 x 9
Bathroom - Half, Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Remodeled
Family Room
Lvl Main,First16 x 18
Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Recessed Lighting, Remodeled
Primary Bedroom
Lvl Second17 x 11
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Pendant
Bedroom 2
Lvl Second19 x 15
Bedroom 3
Lvl Second14 x 11
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled
Bedroom 4
Lvl Second19 x 13
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled
Bedroom 5
Lvl Second10 x 13
Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled
Bathroom 1
Lvl First7 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled
Bathroom 2
Lvl Second14 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl Second8 x 8
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled
Property History
$2,649,000
Sep 16, 2026
MLS® 73577889
$1,195,000
Apr 1, 2011
MLS® 71200729
$1,275,000
Mar 16, 2011
MLS® 71200729
Listing Agent: Elke Cardella
Listing Office: Compass
MLS® Number: 73577889
