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Active

7 Carmel Street, Chelsea MA 02150

$1,100,000

Estimated $2,821.06/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $366,666.67

Total Rent: 77700/year

Estimated CAP Rate: 5.47%

7 Bedrooms

3 Full Baths

3,276 SqFt

Total Parking: 4

2,700 SqFt

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.

This home has been viewed 4 times

Last Checked: June 14th, 2025 at 5:53pm (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

Agent

Name: Kovacs Savage Team

MLS ID: TM359208

Office ID: AN8872

Office

Name: Byrnes Real Estate Group LLC

MLS Office ID: AN8872

Phone: 833-429-7637

Team Members

Name: Benjamin Kovacs

MLS ID: CN232300

Office ID: AN8872

National Association ID: 449606243

Phone: 774-217-2268

City: Boston

State: MA

Payment Calculator

, Interest

Property Taxes 1037.42

Principal & Interest 6777.85

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Byrnes Real Estate Group LLC

Kovacs Savage Team

Agent Phone

Office Phone

(833) 429-7637

Text Agent Call Agent Call Office

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EXIT

Active

7 Carmel Street, Chelsea MA 02150

$1,100,000

Annual Expenses for 7 Carmel Street, Chelsea MA 02150

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Financial Information for 7 Carmel Street, Chelsea MA 02150

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Byrnes Real Estate Group LLC

Kovacs Savage Team