39 Spencer Ave, Chelsea MA 02150
Chelsea, MA 02150
$929,000
$899,000
Est. $5,450/month
About this home
Solid, well-maintained three-family investment opportunity! Perfect for investors or owner-occupants seeking a turnkey property with easy access to downtown Boston. Located in a quiet neighborhood, it's within walking distance of schools, shopping centers, a supermarket, bus routes 111, 116 & 117, the commuter rail, and other everyday amenities. The first-floor unit has been fully renovated, while the renovated third-floor unit offers beautiful city views. The property features separate utilities, a private driveway for two off-street parking spaces, and a roof and siding in good condition. Numerous updates include electrical improvements, renovated kitchens, and updated bathrooms. Well maintained with great tenants already in place, this is an excellent opportunity to own a quality income-producing property in a convenient location. One unit can be delivered vacant if needed.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
48.9%
Price Range
1
Previous Sales
Property Timeline
Price Reduced
Jul 17, 2026
$899,000
$30,000
(-3.23%)
From $929,000 to $899,000 (-3.2%)
Showing Instructions Updated
Jul 10, 2026
New showing requirements
Listed for Sale
Jun 24, 2026
$929,000
Original listing
Agent: Ella Goren
Office: Sunrise Realty & Investment LLC
Previous Transaction - MLS #71898797
Full transaction history available when tracking began
Previously Sold
Nov 25, 2015
$475,000
MLS #71898797
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/17/2026 | ↓ Price Reduced | $899,000 | $30,000 | - | From $929,000 to $899,000 (-3.2%) |
| 07/10/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/24/2026 | 🏠 Listed for Sale | $929,000 | - | - | Original listing |
| 11/25/2015 | 🏷️ Previously Sold | $475,000 | - | - | MLS #71898797 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $8,449 | $736,000 |
Financial Details
Annual Property Tax
$8,449
Tax Year 2026
Assessed Value
$736,000
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
2,496 sq ft
Lot Size
0.04 acres
Bedrooms
6
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,400/mo · N
Unit 2 Rent
$2,050/mo · N
Unit 3 Rent
$2,200/mo · N
Total Monthly Rent
$6,650/mo
Gross Income
$78,600
Net Operating Income
$70,330
Operating Expenses
$8,270
Water/Sewer Expense
$4,200
Electric Expense
$150
Insurance Expense
$3,920
Cap Rate
7.82%
Interior
Heating
Natural Gas
Cooling
None
Flooring
None
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
2
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$8,449
Assessed Value
$736,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
27 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
2,496 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,496 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Nearby Schools
School District
Chelsea School District local
C-
School Safety
2024-25
5.2%
Above Average
2.9%
Suspensions
1.7%
In-School
2.3%
Emergency
0.3% below state avg
Elementary Schools
7 schools
St. Rose Elementary School
0.3 mi
Grades PK-08
Chelsea Virtual Learning Academy
0.3 mi
54 students
Less Diverse
College Ready Curriculum
Grades K-12
B+
William A Berkowitz Elementary School
0.5 mi
|
#287 of 824
|
Score: 51.1
Improved 1 spots from last year
-7.1 below state avg
455 students
Less Diverse
Grades 01-04
B
Edgar A Hooks Elementary School
0.5 mi
|
#406 of 824
|
Score: 47.6
Improved 100 spots from last year
-10.6 below state avg
430 students
Less Diverse
Rising School
Grades 01-04
C
Frank M Sokolowski Elementary School
0.5 mi
|
#663 of 824
|
Score: 37.9
Improved 46 spots from last year
-20.4 below state avg
472 students
Less Diverse
Rising School
Grades 01-04
C
George F. Kelly Elementary School
0.5 mi
|
#642 of 824
|
Score: 38.6
Improved 188 spots from last year
-19.6 below state avg
527 students
Less Diverse
Rising School
Grades 01-04
Shurtleff Early Childhood School
0.7 mi
779 students
Less Diverse
Grades PK-01
Middle Schools
3 schools
D
Clark Avenue School
0.2 mi
|
#329 of 352
|
Score: 28.3
Improved 32 spots from last year
-29.9 below state avg
673 students
Less Diverse
Rising School
Grades 05-08
C-
Joseph A. Browne School
0.6 mi
|
#290 of 352
|
Score: 32.4
Improved 56 spots from last year
-25.8 below state avg
487 students
Less Diverse
Rising School
Grades 05-08
B
Eugene Wright Science and Technology Academy
0.6 mi
|
#9 of 16
|
Score: 29.9
Improved 348 spots from last year
-28.3 below state avg
436 students
Less Diverse
Rising School
Grades 05-08
High Schools
3 schools
Seaport Academy School
1.2 mi
Grades 07-12
C
Chelsea Opportunity Academy
0.8 mi
|
#294 of 346
|
Score: 59.3
Same rank as last year
132 students
Less Diverse
College Ready Curriculum
Grades 09-12
C-
Chelsea High School
0.8 mi
|
#283 of 346
|
Score: 42.9
Improved 25 spots from last year
-15.3 below state avg
1,649 students
Less Diverse
12 sports
• 796 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
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Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$704
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
39 Spencer Ave, Chelsea MA 02150
Chelsea, MA 02150
Listing Information
Listing Agent
Ella Goren
Listing Office
Sunrise Realty & Investment LLC
Office Phone
617-710-4408
Agent MLS ID
CN250212
Office MLS ID
AN7485
Listing Data Updated
Jul 21, 2026 5:02 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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