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    7 Carmel St Chelsea, MA 02150

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    For Sale
    $1,100,000

    Well-maintained 3-unit multifamily property in Chelsea, MA.

    Lot size:
    0.06 Acres

    Property Features for 7 Carmel St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    Source: Byrnes Real Estate Group LLC Agent Kovacs Savage Team

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily Investment Property

    Located at 7 Carmel Street in a desirable and commuter-friendly neighborhood of Chelsea, Massachusetts, this well-maintained and updated 3-unit multifamily property represents a solid investment opportunity. The property features new mechanical systems, along with updated kitchens and bathrooms. Each unit is thoughtfully maintained with functional layouts and quality finishes. Off-street parking is included. A coin-operated laundry area in the basement provides convenience for tenants and an additional income source for the owner. The property is occupied by long-term tenants. The location is just minutes from downtown Boston and major transit routes.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0340827
    Latitude
    42.4003855

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    FAQs

    What type of property is this?
    Triplex - Well-maintained 3-unit multifamily property in Chelsea, MA.
    Where is this triplex located?
    The property is located at 7 Carmel St Chelsea, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Turnkey investment property with excellent long-term tenants in place, providing immediate cash flow.; - All new mechanical systems, updated kitchens and bathrooms ensure long-term reliability and minimal maintenance.; - Desirable, commuter-friendly location in Chelsea, minutes from downtown Boston and major transit routes.
    (774) 217-2268
    Request Owner's contact information
    7 Carmel St Chelsea, MA 02150
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    Chelsea, MA 02150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Carmel St Chelsea, MA 02150
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