
31 Alba Rd Wellesley — Photo 1 of 39
$2,595,000
Investment Analysis — 31 Alba Rd
Wellesley, MA 02481
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 1.09% cap rate and $28,168/yr in estimated NOI at the $2,595,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
5
SqFt
5,735
Style
Single Family
Built
1950
Sophisticated, modern living in the heart of one of Wellesley’s most beloved neighborhoods! Completely reimagined through a comprehensive 2023 renovation, this exceptional 5,700+ sq. ft. Colonial offers the rare combination of privacy, generous living space, and exceptional walkability to top-ranked schools, Linden Square, Wellesley Hills Commuter Rail and all of Wellesley’s wonderful amenities. The sun-filled interior offers an effortless flow, beginning with a gracious formal fireplaced living room, an elegant dining room and an ideal work from home private office with custom built-ins. At the heart of the home, the renovated kitchen features upgraded appliances, two dishwashers, an expansive island and a generous dining area with direct access to a covered deck and the private backyard. A stylish bar / butler’s pantry connects the kitchen to the spacious family room, creating a seamless setting for both relaxed daily living and entertaining. A full bath, powder room, and mudroom, with direct access to the garage, complete the first floor. Upstairs, the impressive primary suite is a private retreat with soaring ceilings, two walk-in closets, a beautifully renovated spa-inspired bath, and its own private terrace. A second ensuite bedroom features a bonus room ideal for a second in-home office. Two additional generous bedrooms, a full bath with a double vanity, and a dedicated laundry space complete the second level. The expansive, finished lower level significantly extends the home’s versatility featuring a bonus room with a bar and kitchenette, fitness space, and rooms for recreation, play, or additional work-from-home needs. Outside, the level private yard is surrounded by mature trees creating an unexpected oasis just minutes to town. A large deck extends your living space outdoors with ample room for entertaining, relaxing, and play. Turnkey and beautifully updated throughout, this distinctive home delivers the space and privacy of a suburban retreat with the convenience of true in-town Wellesley living.
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 5,735 sq ft principal dwelling). Lot size: 13,334 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator • Range Hood • Stainless Steel Appliance(s) • Wine Cooler
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11 x 23
Flooring - Hardwood, Recessed Lighting, Remodeled
Dining Room
Lvl First12 x 14
Flooring - Hardwood, Recessed Lighting, Remodeled
Kitchen
Lvl First17 x 11
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Wet Bar, Exterior Access, Recessed Lighting, Remodeled, Second Dishwasher
Family Room
Lvl First22 x 17
Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access, Remodeled
Primary Bedroom
Lvl Second21 x 18
Flooring - Hardwood, Balcony / Deck, Recessed Lighting, Remodeled
Bedroom 2
Lvl Second18 x 21
Bedroom 3
Lvl Second12 x 15
Closet, Flooring - Hardwood, Recessed Lighting, Remodeled
Bedroom 4
Lvl Second11 x 19
Closet, Flooring - Hardwood, Recessed Lighting, Remodeled
Bathroom 1
Lvl FirstBathroom - Half, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall
Bathroom 3
Lvl BasementBathroom - Half, Remodeled
Property History
$2,595,000
Oct 2, 2026
MLS® 73586180
$14,000
Sep 1, 2026
MLS® 73543787
$3,195,000
Aug 31, 2026
MLS® 73530659
$14,000
Jul 1, 2026
MLS® 73543787
$3,195,000
Jun 4, 2026
MLS® 73530659
$2,795,000
Jun 1, 2026
MLS® 73526360
$2,795,000
May 28, 2026
MLS® 73526360
Listing Agent: Beyond Boston Properties Group
Listing Office: Compass
MLS® Number: 73586180









