688 Broadway, Chelsea MA 02150
Chelsea, MA 02150
$685,000
Est. $4,407/month
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About this home
Street-front commercial property on Broadway in Chelsea, currently built out and leased as a salon/barbershop space. The layout includes a bright customer-facing service area with multiple stations, wash areas, waiting space, restroom, rear support/storage areas, and basement/storage space. Large front windows, signage visibility, direct Broadway access, and rear off-street parking accessed through the shared covered drive-through between 682 and 688 Broadway add practical appeal for investors and long-term commercial owners. Current lease runs through 12/31/2028, offering income stability in a visible urban location near public transportation, Route 1/Tobin Bridge access, and major area routes. Adjacent 682 Broadway is also available. ***Properties may be purchased separately or together as a package. See MLS #73536687***
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Property History
Property Timeline
Listed for Sale
Jun 16, 2026
$685,000
Original listing
Agent: Team Blue
Office: ERA Key Realty Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/16/2026 | 🏠 Listed for Sale | $685,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $8,916 | — |
Financial Details
Annual Property Tax
$8,916
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1920
Living Area
2,360 sq ft
Lot Size
0.06 acres
Investment Metrics
Gross Income
$32,100
Net Operating Income
$23,184
Operating Expenses
$8,916
Cap Rate
3.38%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$8,916
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Occupied Commercial Space. Income/expenses Based On Lease & Taxes Only. Public Record/lease Sq Ft Differ. Lease Refs 3 Employee Spaces. Phase I Esa Notes Suspect Acm Sampling Before Reno/demo. Buyer To Verify Leases, Sq Ft, Zoning, Use, Parking, Access, Title & Enviro.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Suffolk
Property Overview
Listing Type
For Sale
Year Built
1920
Living Area
2,360 sq ft
Floor Layout
Interactive room guide
Floor Layout
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:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
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
0.2 mi
Grades PK-08
Chelsea Virtual Learning Academy
0.4 mi
54 students
Less Diverse
College Ready Curriculum
Grades K-12
Shurtleff Early Childhood School
0.5 mi
779 students
Less Diverse
Grades PK-01
B+
William A Berkowitz Elementary School
0.6 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
0.6 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
0.6 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
0.6 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
Middle Schools
3 schools
D
Clark Avenue School
0.1 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
0.4 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
0.4 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
1.1 mi
Grades 07-12
C
Chelsea Opportunity Academy
0.6 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
0.6 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 Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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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
$743
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
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+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
688 Broadway, Chelsea MA 02150
Chelsea, MA 02150
Listing Information
Listing Agent
Team Blue
Listing Office
ERA Key Realty Services
Office Phone
978-658-8288
Agent MLS ID
TEAM0456
Office MLS ID
AN3576
Listing Data Updated
Jun 20, 2026 3:05 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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