7 Carmel St Chelsea, MA 02150
Addison-Orange NeighborhoodEstimated payment $6,846/month
Highlights
- Deck
- Wood Flooring
- Shops
- Property is near public transit
- Tandem Parking
- Coin Laundry
About This Home
Welcome to 7 Carmel Street, a well-maintained and updated 3-unit multifamily in one of Chelsea’s most desirable and commuter-friendly neighborhoods. This solid investment property features all new mechanical systems along with updated kitchens and bathrooms, offering long-term reliability and immediate rental appeal. Each unit is thoughtfully maintained with functional layouts and quality finishes. The property includes off-street parking and a coin-operated laundry area in the basement—convenient for tenants and an additional source of income for the owner. With excellent long-term tenants already in place, this is a true turnkey opportunity for investors seeking strong cash flow and minimal maintenance. Located just minutes from downtown Boston and major transit routes, this property offers both convenience and lasting value in a competitive rental market. Don’t miss your chance to own a top-performing multifamily in a fast-growing market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,449
Year Built
- Built in 1900
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,276 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Unfinished Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Additional Features
- Deck
- 2,700 Sq Ft Lot
- Property is near public transit
- 100 Amp Service
Listing and Financial Details
- Assessor Parcel Number M:064 P:102,1289147
Community Details
Overview
- 3 Units
Amenities
- Shops
- Coin Laundry
Building Details
- Electric Expense $300
- Insurance Expense $3,000
- Water Sewer Expense $1,800
- Operating Expense $5,100
- Net Operating Income $72,600
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,449 | $1,081,600 | $169,800 | $911,800 |
| 2024 | $12,871 | $1,081,600 | $169,800 | $911,800 |
| 2023 | $12,359 | $998,300 | $154,300 | $844,000 |
| 2022 | $12,524 | $945,200 | $147,000 | $798,200 |
| 2021 | $12,067 | $886,000 | $140,000 | $746,000 |
| 2020 | $7,734 | $577,600 | $133,300 | $444,300 |
| 2019 | $7,771 | $545,300 | $133,300 | $412,000 |
| 2018 | $6,414 | $454,900 | $133,300 | $321,600 |
| 2017 | $6,126 | $427,200 | $133,300 | $293,900 |
| 2016 | $5,119 | $359,200 | $133,300 | $225,900 |
| 2015 | $4,431 | $307,700 | $115,900 | $191,800 |
| 2014 | $3,858 | $259,300 | $100,800 | $158,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $1,100,000 | +75.2% | $336 / Sq Ft |
| 11/02/2017 11/02/17 | Sold | $628,000 | -3.4% | $192 / Sq Ft |
| 09/07/2017 09/07/17 | Pending | -- | -- | -- |
| 08/13/2017 08/13/17 | For Sale | $649,900 | -- | $198 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Land Court Massachusetts | $84,500 | -- | |
| Land Court Massachusetts | $84,500 | -- | |
| Land Court Massachusetts | $84,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $521,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $471,000 | New Conventional | |
| Previous Owner | $275,500 | No Value Available | |
| Previous Owner | $320,000 | No Value Available | |
| Previous Owner | $125,000 | No Value Available | |
| Previous Owner | $126,750 | Purchase Money Mortgage | |
| Previous Owner | $10,000 | No Value Available | |
| Closed | $33,800 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73388231
APN: CHEL-000064-000000-000102
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