Two-Building Multifamily
5-7 Abbott Street Wellesley, MA 02482
5-7 Abbott Street, Wellesley, MA, 02482
$3,900,000
For Sale
$3,900,000
Two multi-family buildings totaling 7/8 units offered for sale in Wellesley.
Property Size10,318 SF
Price / SF$377.98
Days on Market462
Property Features for 5-7 Abbott Street
General Information
- Standard status
- Active
- Size
- 10,318 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Conway - Hanover
Listed by
Linda Glennon
(508) 287-2695
Source
Demakis
Added: Apr 16, 2025 Updated: Jul 20 at 9:06PM Checked: Jul 21 at 9:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conway - Hanover
Investment Insights
Based on property information with market context.
This two-building multifamily property is offered for sale with a total of 7/8 units. The offering includes two separate buildings, creating flexibility for an owner-occupant or an investor seeking rental income from multiple units.
Located at 5–7 Abbott Street in Wellesley, the property is described as being on a quiet street just steps from Wellesley Square. Nearby access is also highlighted for Routes 16, 9, 95, and the Mass Pike, along with close proximity to Wellesley College and the Wellesley Library.
As a two-building residential income asset, it presents an opportunity to own an established multifamily configuration in Wellesley.
Located at 5–7 Abbott Street in Wellesley, the property is described as being on a quiet street just steps from Wellesley Square. Nearby access is also highlighted for Routes 16, 9, 95, and the Mass Pike, along with close proximity to Wellesley College and the Wellesley Library.
As a two-building residential income asset, it presents an opportunity to own an established multifamily configuration in Wellesley.
Key Highlights
- Two multi‑family buildings for sale in Wellesley, totaling 7/8 units
- Year built 1900
- Offered for the first time in almost 80 years
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.1k | $31.80 |
| − Vacancy | −$18.0k | −$1.75 |
| EGI | $310.1k | $30.05 |
| − OpEx | −$139.5k | −$13.52 |
| NOI | $170.5k | $16.53 |
10,318 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.44M
$2.13M – $2.84M
NOI $170,536 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.34M – $7.13M
NOI $427,575 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two multi-family buildings totaling 7/8 units offered for sale in Wellesley.
Where is this apartment building located?
The property is located at 5-7 Abbott Street Wellesley, MA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Two multi‑family buildings for sale in Wellesley, totaling 7/8 units; Year built 1900; Offered for the first time in almost 80 years
