Investment Analysis — 231 Waverley Ave

Newton, MA 02458

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02458 carries an estimated $4,140/mo in gross rent — about a 0.53% cap rate and $14,748/yr in estimated NOI at the $2,795,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

4,816

Style

Single Family

Built

1906

Nestled on a spectacular .43 acre corner lot in one of Newton's most sought-after neighborhoods, this stately brick English Manor Colonial offers timeless elegance and exceptional craftsmanship. Surrounded by mature trees, the property commands a presence rarely found in today’s market. A gracious entry foyer welcomes you with a stunning bridal staircase and soaring ceilings. Rich period details abound, including exquisite quarter-sawn oak paneling in the formal dining room and intricate moldings and millwork that showcase the home's enduring quality. The expansive family room features a handsome fireplace and an abundance of floor-to-ceiling windows, filling the home with natural light. The second floor offers five generous bedrooms and a third-floor bonus room provides flexible space for guests, a home office, or additional living area. A unique feature is the home's two driveways, including a separate curb cut on quiet Ruthven Road, providing convenient access and additional parking

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 4,816 sq ft principal dwelling). Lot size: 18,730 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.