249 Main St Wayland — Photo 1 of 10
$499,000
Investment Analysis — 249 Main St
Wayland, MA 01778
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01778 carries an estimated $2,990/mo in gross rent — about a 3.77% cap rate and $18,831/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
840
Style
Single Family
Built
1950
Opportunity awaits in one of Wayland’s most desirable neighborhoods! This charming 840-square-foot home has good bones and endless potential, offering the perfect opportunity to bring your vision to life and create a home that is uniquely yours.While the home is ready for updates and renovations, its location is truly hard to beat. Situated near Wayland’s top-rated schools, you’ll also be close to grocery stores, restaurants, coffee shops, parks, and the town beach—everything you need for everyday living and enjoying the community.And with Boston just a 30-minute drive away, you can enjoy the best of both worlds: the charm of a highly sought-after town with convenient access to the city.At this price point, this is a rare opportunity to invest in Wayland and create the dream home you’ve been imagining. Bring your ideas, your vision, and your creativity—the possibilities are waiting!***pictures are showing current condition of home with AI enhanced following**
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: 420 sq ft (the lesser of 900 sq ft or half the 840 sq ft principal dwelling). Lot size: 18,781 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Refrigerator • Washer • Dryer
Neighborhood
Park • Highway Access • House of Worship • Public School
Geography
Listing Agent: Lisa Bache
Listing Office: Redfin Corp.
MLS® Number: 73564510