148 Walnut St, Chelsea MA 02150

Chelsea, MA 02150
$995,000
8
Beds
3
Baths
3,735
Sq Ft
$266
Price/Sq Ft
0.03
Acres
1900
Year Built
13
Days on Market
Sold 2023 Listed Jun 1, 2023 • MLS# 73119095 Copied! • Updated Aug 7, 2023

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Sale Statistics

Sale Overview
Original List Price: $950,000
Final Sale Price: $995,000
Difference: +$45,000 (+4.7%)
Performance Metrics
104.7%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $254
Sale $/sq ft: $266
This property sold for $266 per square foot
Sale Summary

This property sold for 4.7% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

About this home

The Property is a completely gut-rehabbed, condo-quality, turn-key asset located just off of Route 1, providing immediate access to the Tobin Bridge and Downtown Boston. With rents in place through 2023-24, the opportunity exists to acquire a stabilized asset in a continuously growing, high-demand real estate market. The 3-Bedroom units feature a room for a home office with the opportunity to convert it into a fourth bedroom, if desired. All of the floors (except in the bathrooms) are vinyl plank, each of the kitchens have granite countertops, stainless steel Amana appliances including dishwashers and disposals, gas ranges and microwaves. All of the bathrooms feature new vanities with granite countertops, Delta faucets, American Standard toilets, and tile flooring. Additionally, the Property features a new Roof, Windows, Electrical System and Navien Tankless Combi-Boiler Systems for Heat and Hot Water. There is a coin-op laundry room and individual storage units in the basement.

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Recently Sold Nearby

Price & Status History

Market Insights

28%
Price Range
14
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73594726
Full transaction history available when tracking began
🏡
Currently Listed
Oct 24, 2026
$1,125,000
MLS #73594726 - Active
✓
Sold
Aug 7, 2023
$995,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Jun 1, 2023
$950,000
Original listing
Agent: John Pentore Office: Horvath & Tremblay
Previous Transaction - MLS #72754603
Full transaction history available when tracking began
🏷️
Previously Sold
Feb 25, 2021
$810,000
MLS #72754603

Tax History

Year Taxes Assessment
2023 $13,971 $1,128,500

Financial Details

Annual Property Tax
$13,971
Tax Year 2023
Assessed Value
$1,128,500

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1900
Living Area 3,735 sq ft
Lot Size 0.03 acres
Bedrooms 8
Full Baths 3
Total Rooms 16

Investment Metrics

Units 3
Unit 1 Rent $2,200/mo · Y
Unit 2 Rent $2,400/mo · Y
Unit 3 Rent $2,700/mo · Y
Total Monthly Rent $7,300/mo
Gross Income $88,800
Net Operating Income $59,466
Operating Expenses $29,334
Cap Rate 6.26%
Heating None
Cooling None
Flooring None
Appliances Washer, Dryer
Fireplace None
Basement None
Laundry None
Features Storage, Laundry Room
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $13,971
Assessed Value $1,128,500
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 14 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
Sold
Year Built
1900
Bedrooms
8
Full Bathrooms
3
Living Area
3,735 sq ft
Total Rooms
16
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances: Washer, Dryer
Interior Features: Storage, Laundry Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Other
Stories: 3

Utilities & Systems

Heating:
Cooling:
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

Parking Features:
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
E

Elementary Schools

7 schools
St. Rose Elementary School
0.3 mi
Grades PK-08
Chelsea Virtual Learning Academy
0.9 mi
38 students Less Diverse
College Ready Curriculum
Grades K-12
Shurtleff Early Childhood School
0.3 mi
769 students Less Diverse
Grades PK-01
B+
William A Berkowitz Elementary School
1.1 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
1.1 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
1.1 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
1.1 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
M

Middle Schools

3 schools
C-
Joseph A. Browne School
< 0.1 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
< 0.1 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
D
Clark Avenue School
0.4 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
H

High Schools

3 schools
Seaport Academy School
0.6 mi
Grades 07-12
C
Chelsea Opportunity Academy
0.5 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
0.5 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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Location

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Neighborhood

148 Walnut St, Chelsea MA 02150

Chelsea, MA 02150

Listing Information

Listing Office Horvath & Tremblay
Office Phone 781-776-4000
Agent MLS ID CN212669
Office MLS ID AN2723
Listing Data Updated Aug 7, 2023 3:52 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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