$869,000
$30K PRICE DROP

Estimated payment $5,337/month

Total Views 6,126
8 Beds
2 Baths
2,324 Sq Ft
$374 Price per Sq Ft

Highlights

  • Medical Services
  • 9 Fireplaces
  • Park
  • Property is near public transit
  • Porch
  • 2-minute walk to Kayem Park

About This Home

Great Investment Opportunity in Chelsea! This well-maintained 2-family home features a spacious 3-bedroom unit on the first floor and a 4-bedroom unit on the second floor—both deleaded and generating strong rental income. Each unit offers a nice layout with large bedrooms, updated kitchens and tiled bathrooms with hardwood flooring throughout. Enjoy hassle-free ownership with separate utilities—tenants pay their own gas and electric. The property includes two gas heating systems, two hot water heaters, and individual 100-amp electric panels. The home sits on a durable fieldstone and brick foundation, and features a cement basement floor, and sump pump. Located in a prime commuter-friendly area, just minutes to the Silver Line, Commuter Rail, Route 111 bus, and Tobin Bridge. Whether you're looking to expand your rental portfolio or explore house-hacking opportunities, this property is a must-see!

Listing Agent

Madelyn Garcia

Madelyn Garcia Real Estate Listed on: 05/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,456

Year Built

  • Built in 1890

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • 9 Fireplaces
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Porch
  • 2,280 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number M:047 P:074,1288045

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,456

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Levels: 2
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Fireplace YN: Yes
  • Fireplaces: 9
  • Total Bedrooms: 8
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Sump Pump
  • Above Grade Finished Sq Ft: 2000
  • Below Grade Sq Ft: 324
  • Living Area: 2324
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: BB3163
  • LIST PRICE PER Sq Ft: 373.92
  • PRICE PER Sq Ft: 373.92

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Other
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:047 P:074,1288045
  • Zoning: BR
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2280
  • Lot Size Units: Acres
  • PAGE: 126

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6456
  • Tax Book Number: 60800

Multi Family

  • Gross Income: 34200
  • Net Operating Income: 34200
  • Number Of Units Total: 2
  • Total Actual Rent: 3000
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,456 $560,900 $158,500 $402,400
2024 $6,510 $547,100 $158,500 $388,600
2023 $6,331 $511,400 $144,100 $367,300
2022 $6,396 $482,700 $137,200 $345,500
2021 $6,192 $454,600 $130,700 $323,900
2020 $4,780 $357,000 $124,500 $232,500
2019 $4,675 $328,100 $124,500 $203,600
2018 $4,213 $298,800 $124,500 $174,300
2017 $4,015 $280,000 $124,500 $155,500
2016 $3,771 $264,600 $124,500 $140,100
2015 $3,525 $244,800 $108,200 $136,600
2014 $3,034 $203,900 $94,100 $109,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $869,000 -3.3% $374 / Sq Ft
05/06/2025 05/06/25 For Sale $899,000 +89.3% $387 / Sq Ft
02/28/2019 02/28/19 Sold $475,000 -10.4% $204 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $529,999 +11.6% $228 / Sq Ft
01/20/2019 01/20/19 Off Market $475,000 -- --
01/02/2019 01/02/19 Price Changed $529,999 -1.7% $228 / Sq Ft
09/22/2018 09/22/18 Price Changed $539,000 -3.6% $232 / Sq Ft
08/20/2018 08/20/18 For Sale $559,000 -- $241 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Not Resolvable $475,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 Commercial
Closed $482,000 New Conventional
Previous Owner $78,000 No Value Available
Previous Owner $100,000 No Value Available
Previous Owner $79,500 No Value Available
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73370380

MLS Property Information Network (MLS PIN)

APN: CHEL-000047-000000-000074