21 Wellesley Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Listed by Arrive Real Estate | $2,895,000 | |
| Listed by Arrive Real Estate | |||
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 30, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed | $1,200,000 | |
| Listed | |||
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Classic 1920's Dutch Colonial in the heart of Wellesley Center on the corner of a quiet cul-de-sac. It's a home that offers timeless character & incredible potential. You’ll find original hardwood floors, generous ceiling height & traditional, yet versatile, layout. The spacious living room w/fireplace, formal dining room, & sunlit eat-in kitchen provide the perfect canvas for everyday living & entertaining. The home office is tucked away near side entrance. A wonderful year-round glass solarium overlooks garden pathways, ideal for enjoying New England’s changing seasons. This 4-bed, 3-bath home w/garage is close to top-rated schools, town center, Brook Path, restaurants & commuter rail, offering the best of both convenience & community. Whether you're looking to build equity, renovate a classic or invest in one of Wellesley's most charming neighborhoods. Being sold As-Is—bring your vision & unlock the full potential of this timeless gem. It's the best of urban living in the suburbs!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017