7 Carmel St, Chelsea MA 02150
Chelsea, MA 02150
$995,000
Est. $6,357/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
36.9%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Sep 19, 2026
$995,000
Original listing
Agent: Reserve Team
Office: Reference Real Estate
Previous Transaction - MLS #72213162
Full transaction history available when tracking began
Previously Sold
Nov 2, 2017
$628,000
MLS #72213162
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/19/2026 | 🏠 Listed for Sale | $995,000 | - | - | Original listing |
| 11/02/2017 | 🏷️ Previously Sold | $628,000 | - | - | MLS #72213162 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $13,514 | $1,177,200 |
Financial Details
Annual Property Tax
$13,514
Tax Year 2026
Assessed Value
$1,177,200
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
3,276 sq ft
Lot Size
0.06 acres
Stories
3
Bedrooms
7
Full Baths
3
Total Rooms
13
Investment Metrics
Units
3
Unit 1 Rent
$3,000/mo · Y
Unit 2 Rent
$2,600/mo · Y
Unit 3 Rent
$2,400/mo · N
Total Monthly Rent
$8,000/mo
Gross Income
$96,000
Net Operating Income
$96,000
Cap Rate
9.65%
Interior
Heating
None
Cooling
None
Flooring
Hardwood
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Features
Paved Drive, Off Street, Tandem
Total Spaces
4
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$13,514
Assessed Value
$1,177,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Property Overview
Property Type
3 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
3,276 sq ft
Total Rooms
13
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,276 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Tandem
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
0.4 mi
Grades PK-08
Chelsea Virtual Learning Academy
0.6 mi
38 students
Less Diverse
College Ready Curriculum
Grades K-12
Shurtleff Early Childhood School
0.7 mi
769 students
Less Diverse
Grades PK-01
B+
William A Berkowitz Elementary School
0.8 mi
|
#287 of 825
|
Score: 51.1
Improved 1 spots from last year
-7.1 below state avg
428 students
Less Diverse
Grades 01-04
B
Edgar A Hooks Elementary School
0.8 mi
|
#409 of 825
|
Score: 47.5
Improved 97 spots from last year
-10.7 below state avg
406 students
Less Diverse
Rising School
Grades 01-04
C
Frank M Sokolowski Elementary School
0.8 mi
|
#664 of 825
|
Score: 37.7
Improved 45 spots from last year
-20.5 below state avg
430 students
Less Diverse
Rising School
Grades 01-04
C
George F. Kelly Elementary School
0.8 mi
|
#647 of 825
|
Score: 38.4
Improved 183 spots from last year
-19.8 below state avg
471 students
Less Diverse
Rising School
Grades 01-04
Middle Schools
3 schools
D
Clark Avenue School
0.3 mi
|
#329 of 352
|
Score: 28.2
Improved 32 spots from last year
-30 below state avg
641 students
Less Diverse
Rising School
Grades 05-08
C-
Joseph A. Browne School
0.5 mi
|
#285 of 352
|
Score: 33.1
Improved 61 spots from last year
-25.2 below state avg
501 students
Less Diverse
Rising School
Grades 05-08
B
Eugene Wright Science and Technology Academy
0.5 mi
|
#9 of 16
|
Score: 30.0
Improved 348 spots from last year
-28.2 below state avg
418 students
Less Diverse
Rising School
Grades 05-08
High Schools
3 schools
Seaport Academy School
1.0 mi
Grades 07-12
C
Chelsea Opportunity Academy
0.3 mi
|
#294 of 346
|
Score: 59.3
Same rank as last year
115 students
Less Diverse
College Ready Curriculum
Grades 09-12
C-
Chelsea High School
0.3 mi
|
#284 of 346
|
Score: 43.0
Improved 24 spots from last year
-15.2 below state avg
1,532 students
Less Diverse
12 sports
• 796 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,126
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
Cost $0/mo
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
7 Carmel St, Chelsea MA 02150
Chelsea, MA 02150
Listing Information
Listing Agent
Reserve Team
Listing Office
Reference Real Estate
Office Phone
781-342-0052
Agent MLS ID
TM362024
Office MLS ID
AN8944
Listing Data Updated
Sep 19, 2026 11:29 AM 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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