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-te...
This home has been viewed 16 times
Last Checked: June 16th, 2025 at 4:13pm (Source: MLS PIN #73388231)
Gross Income: $77,700
Gross Expenses: $17,549
Net Income Calc: $60,151
CAP Rate: 5.47%
Annual Expenses for 7 Carmel Street, Chelsea MA 02150
Total Gross Expenses (Calculated)$17,549/year
APOD AvailableNo
Heating
Electricity$300
Water$1,800
Gas$1,800
Insurance$3,000
Sewer$1,800
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,449
Annual Income & Unit Breakdown for 7 Carmel Street, Chelsea MA 02150
Total Gross Income (Calculated)$77,700
Unit 1
Rental Income$2,600
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,000
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,875
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 7 Carmel Street, Chelsea MA 02150
Listing ID73388231
Property TypeMulti Family / 3 Family
Price$1,100,000 ($335.78/SqFt)
Style3 Family
CityChelsea
CountySuffolk
MLS Area
Neighborhood(s)
Approximate Living Area Total3,276 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking4
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsUnknown/Mixed
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor SpaceDeck
ZoningR3
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 7 Carmel Street, Chelsea MA 02150
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceProjected
Total Gross Expenses By Broker$5,100
Total Gross Income By Broker$77,700
Total Net Income By Broker$72,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 7 Carmel Street, Chelsea MA 02150
Real Estate Taxes$12,449
Tax Year2025
Assessed Value$1,081,600
Financial Data SourceProjected
Total Gross Expenses By Broker$5,100
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$77,700
BostonRealEstate.com Gross Income
Total Net Income By Broker$72,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.47%
Location Information for 7 Carmel Street, Chelsea MA 02150
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Shopping, Laundromat, Public Transportation, T-station
Contact Information for 7 Carmel Street, Chelsea MA 02150