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7 Carmel Street, Chelsea MA 02150

Chelsea, MA 02150
$1,100,000
$1,049,900
Est. $6,546/month
7
Beds
3
Baths
3,276
Sq Ft
$320
Price/Sq Ft
0.06
Acres
1900
Year Built
4
Parking
Withdrawn Price Drop -$50,100 Listed May 5, 2026 • MLS# 73512707 Copied! • Updated Jul 16, 2026

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

1
Price Changes
4.6%
Price Range

Property Timeline

👤
Agent Changed
Jul 9, 2026
Benjamin Kovacs → Kovacs Team
Agent: Kovacs Team
Price Reduced
Jul 9, 2026
$1,049,900 $50,100 (-4.55%)
From $1,100,000 to $1,049,900 (-4.5%)
👤
Agent Changed
Jul 8, 2026
Kovacs Savage Team →
🏠
Listed for Sale
May 5, 2026
$1,100,000
Original listing
Agent: Kovacs Savage Team Office: Byrnes Real Estate Group LLC

Tax History

Year Taxes Assessment
2025 $12,449 $1,081,600

Financial Details

Annual Property Tax
$12,449
Tax Year 2025
Assessed Value
$1,081,600

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 3,276 sq ft
Lot Size 0.06 acres
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 9.14%
Heating None
Cooling None
Flooring Hardwood
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck
Features Paved Drive, Off Street, Tandem
Total Spaces 4
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $12,449
Assessed Value $1,081,600
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) 72 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
3,276 sq ft
Total Rooms
13
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood
Appliances:
Interior Features:
Windows:
Basement: Unfinished
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
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
0.4 mi
Grades PK-08
Chelsea Virtual Learning Academy
0.6 mi
54 students Less Diverse
College Ready Curriculum
Grades K-12
Shurtleff Early Childhood School
0.7 mi
779 students Less Diverse
Grades PK-01
B+
William A Berkowitz Elementary School
0.8 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
0.8 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
0.8 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
0.8 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
M

Middle Schools

3 schools
D
Clark Avenue School
0.3 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
0.5 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
0.5 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
H

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
132 students Less Diverse
College Ready Curriculum
Grades 09-12
C-
Chelsea High School
0.3 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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Over life of loan
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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 $1,037
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

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Current Rate
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Payment Over Time

Interest
Principal
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 Street, Chelsea MA 02150

Chelsea, MA 02150

Listing Information

Listing Agent The Kovacs Team
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID TM363772
Office MLS ID AN2383
Listing Data Updated Jul 16, 2026 1:08 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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