7 Carmel Street, Chelsea, MA 02150
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$1,100,000
3 Unit
7 Beds
3 Baths
3276 SQFT
0.06 Acre

Property Description

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 tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Public Transportation, Shopping, T-Station
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: No
  • Expenses Source: Projected
  • Gross Operating Income: 77700
  • Gross Expenses: 5100
  • Electric Expenses: 300
  • Water/Sewer: 1800
  • INSC: 3000
  • Net Operating Income: 72600

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73388231
  • Last Updated: 06/14/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/14/2025Active$1,100,000$336MLSPIN
06/10/2025New$1,100,000$336MLSPIN

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Seller's Representative: Kovacs Savage Team, Byrnes Real Estate Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-14 03:05:00

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