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    5-7 Abbott St Wellesley, MA 02482

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    For Sale
    $4,250,000

    Two-building multifamily property in Wellesley Square, steps from amenities.

    Lot size:
    0.23 Acres

    Property Features for 5-7 Abbott St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1900

    Source: Conway - Hanover Agent Linda Glennon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wellesley Square Multifamily Investment Opportunity

    This multifamily property, offered for the first time in almost 80 years, features two buildings with a total of 7 or 8 units. Situated on a quiet street in Wellesley Square, it provides access to restaurants, boutique shops, the Commuter Rail, Wellesley College, and the Wellesley Library. The location offers access to Routes 16, 9, 95, and the Mass Pike. This property presents opportunities for investors or owner-occupants, with potential for long-term income and upside. It can be used as a rental property or for conversion.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2952804
    Latitude
    42.2953285

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    FAQs

    What type of property is this?
    Apartment building - Two-building multifamily property in Wellesley Square, steps from amenities.
    Where is this apartment building located?
    The property is located at 5-7 Abbott St Wellesley, MA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime Wellesley Square location, steps from restaurants, shops, Commuter Rail, Wellesley College, and the library.; - Rare investment opportunity: two buildings with 7/8 units offered for the first time in almost 80 years.; - Excellent long-term income potential and possibilities for investors or owner-occupants.
    (781) 724-6827
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    5-7 Abbott St Wellesley, MA 02482
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5-7 Abbott St Wellesley, MA 02482
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