Lead-Compliant Three-Family
148 Congress Ave Chelsea, MA 02150
New
For Sale
$1,090,000
Updated three-family with multiple bedrooms, lead compliance, a spacious backyard, and a full-size basement for storage.
Days on Market5
Property Features for 148 Congress Ave
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1920
Listing Agency:
Century 21 North East
(617) 306-0732
Listed By:
Luis Tejada · License #449506422
Source:
Classifiedrealtygroup
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
Investment Insights
Based on property information with market context.
This well-maintained, extensively updated three-family residence offers a flexible layout across three levels, with 3 bedrooms on the first floor and 4 bedrooms on both the second and third floors. The building is presented as lead compliant, and includes features such as numerous updates over time, a spacious backyard, and a full-size basement with abundant storage and additional potential.
The property is described as having a convenient Chelsea location close to schools, public transportation, shopping, laundromats, restaurants, parks, and major commuting routes.
As currently configured, it also has existing rental income and is positioned for continued rental growth, according to the seller’s remarks.
The property is described as having a convenient Chelsea location close to schools, public transportation, shopping, laundromats, restaurants, parks, and major commuting routes.
As currently configured, it also has existing rental income and is positioned for continued rental growth, according to the seller’s remarks.
Key Highlights
- Updated three‑family built in 1920 with extensive updates throughout the years
- Unit layout: 3 bedrooms on the first floor, plus 4 bedrooms each on the second and third floors
- Lead compliant for added peace of mind for tenants
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.0k | $28.80 |
| − Vacancy | −$6.2k | −$1.58 |
| EGI | $106.8k | $27.22 |
| − OpEx | −$32.0k | −$8.16 |
| NOI | $74.8k | $19.05 |
3,924 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$934.5K – $1.25M
NOI $74,757 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$973.8K
$852.1K – $1.14M
NOI $68,165 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,610 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Updated three-family with multiple bedrooms, lead compliance, a spacious backyard, and a full-size basement for storage.
Where is this triplex located?
The property is located at 148 Congress Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Updated three‑family built in 1920 with extensive updates throughout the years; Unit layout: 3 bedrooms on the first floor, plus 4 bedrooms each on the second and third floors; Lead compliant for added peace of mind for tenants
