1 / 24
INVESTMENT SNAPSHOT
About this property
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
| Units | 3 |
| Living area | 3,276 sqft |
| Lot size | 2,700 sqft |
| Year built | 1900 |
| Price / sqft | $336 |
| County | Suffolk |
| MLS # | 73512707 |
Listing status
| Days on market | 4 days |
| Listed on | May 5, 2026 |
Taxes & financials
| Annual property tax | $12,449 |
| Tax year | 2025 |
| Assessed value | $1,081,600 |
| Zoning | R3 |
| Gross income (actual) | $96,000/yr |
| Net operating income (actual) | $96,000/yr |
| Total actual rent | $8,000/mo |
Building & lot
| Stories | 3 |
| Total rooms | 13 |
| Lot size | 0.06 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Tandem |
| Basement | Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Chelsea →
Listing courtesy of Byrnes Real Estate Group LLC — Kovacs Savage Team. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 7 Carmel Street, Chelsea MA 02150 have?
It is a 3-unit multi-family property with 3,276 sqft of living area, built in 1900.
How long has 7 Carmel Street, Chelsea MA 02150 been on the market?
7 Carmel Street, Chelsea MA 02150 has been listed for 4 days (since May 5, 2026).
What is the estimated cap rate on this 3-family in Chelsea?
Based on area median rents, the estimated cap rate is about 4.9%, with a Signal Score of 85/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,100,000 across 3 units, that works out to roughly $366,667 per unit.
What are the property taxes on 7 Carmel Street, Chelsea MA 02150?
Annual property taxes are $12,449 (2025), on an assessed value of $1,081,600.
What is the price per square foot?
At $1,100,000 for 3,276 sqft, that's about $336 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, tandem).
Where is this property located?
7 Carmel Street, Chelsea MA 02150 is in Chelsea, Suffolk County, MA 02150.
Similar multi-families
◆ 88
◆ 88
◆ 67
◆ 90