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128 Washington Ave., Chelsea MA 02150

$825,000

Estimated $1,946/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $412,500

Total Rent: 61800/year

Estimated CAP Rate:

5 Bedrooms

Baths

2112

Total Parking: 0

1,158 (0.03)

Turnkey 2-family, 4-story classic brick Brownstone offering strong income potential. This renovated property features two spacious duplex units with separate utilities, making it ideal for investors or owner-occupants. Unit 1 is a 2-bedroom duplex with an open-concept living, dining, and kitchen area, hardwood floors, in-unit laundry, storage, and direct access to a private fenced backyard with a separate entrance.Unit 2 is a spacious 3-bedroom duplex featuring an open living room/kitchen layout, soaring ceilings, oversized windows providing abundant natural light, generous closet space, and large bedrooms. Some bedrooms utilize armoires/dressers in place of built-in closets.Flexible occupancy options available. Unit 2 can be delivered occupied, vacant, or with one unit occupied and one vacant if an offer is accepted promptly.Major improvements include a new roof, two high-efficiency Navien/Burham heating systems, new electrical panel, newer water heaters, professional asbestos removal, rebuilt code-compliant railings, masonry repointing, new fascia and flashing, updated flooring, and fresh paint.A true turnkey investment with major capital improvements already completed, separate utilities, low-maintenance ownership, and excellent cash flow potential.

This home has been viewed 8 times

Last Checked: July 27th, 2026 at 6:03am (Source: MLS PIN #73553518)

Gross Income: $61,800

Gross Expenses: $7,297

Net Income Calc: $54,503

Water Views

Annual Expenses for 128 Washington Ave., Chelsea MA 02150

Total Gross Expenses (Calculated)$7,297/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7297

Annual Income & Unit Breakdown for 128 Washington Ave., Chelsea MA 02150

Total Gross Income (Calculated)$61,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 128 Washington Ave., Chelsea MA 02150

Listing ID73553518

Property TypeMulti Family / 2 Family

Price825000 ($390.63/SqFt)

Style2 Family - 2 Units Up/down

CityChelsea

CountySuffolk

Neighborhood(s)

Approximate Living Area Total2112

Approximate Lot Size (Acres)0.03

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

Zoningr3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 128 Washington Ave., Chelsea MA 02150

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsElectric Fireplace

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 128 Washington Ave., Chelsea MA 02150

Real Estate Taxes7297

Tax Year2026

Assessed Value$635,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 128 Washington Ave., Chelsea MA 02150

Neighborhood(s)

Area Amenities

Contact Information for 128 Washington Ave., Chelsea MA 02150

Agent

Name: Jhonny Guananga

Office

Name: Carlton's Wharf & Co.

Phone: 617-418-5222

Payment Calculator

, Interest

Property Taxes 608.08

Principal & Interest 5083.39

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Carlton's Wharf & Co.

Jhonny Guananga

Agent Phone

Office Phone

(617) 418-5222

Text Agent Call Agent Call Office

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EXIT

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