57 Hillcrest St Waltham — Photo 1 of 29
$649,000
Investment Analysis — 57 Hillcrest St
Waltham, MA 02451
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02451 carries an estimated $4,220/mo in gross rent — about a 5.08% cap rate and $32,995/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,161
Style
Single Family
Built
1997
Welcome to 57 Hillcrest Street, an exceptional Colonial offering a bright, thoughtfully designed interior with an open layout, breakfast-bar seating, and seamless access to a private rear deck framed by a wooded backdrop. Three bedrooms, a versatile lower-level bonus space, generous storage, multiple outdoor areas and two off-street parking spaces provide comfort and flexibility. Set in a desirable Waltham location near MacArthur Elementary, Kennedy Middle School and Waltham High School, with convenient access to parks, grocery stores, public transportation and commuter rail. Moody Street’s celebrated restaurants and cafés, local shopping and easy access to Routes 2, 20 and 128/I-95 are all within easy reach. A distinctive opportunity combining privacy, convenience and the benefits of Waltham living. First showings at open house on Saturday!
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: 581 sq ft (the lesser of 900 sq ft or half the 1,161 sq ft principal dwelling). Lot size: 1,655 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.
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Listing Agent: Joseph Kelley
Listing Office: Berkshire Hathaway HomeServices Warren Residential
MLS® Number: 73577416