Two-Family Duplex with
49 Carroll Street, Chelsea, MA 02150
For Sale
$869,900
Pending
Separate living areas and laundry hookups on the first floor and in the basement support flexible household arrangements.
Property Size2,463 SF
Days on Market8
Property Features for 49 Carroll Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
backyard
closed in porch
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Century 21 North East
(781) 286-8900
Listed By:
Deborah Colleran
(781) 254-0001
Source:
Condonrealty
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 13 at 2:35PM
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
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Investment Insights
Based on property information with market context.
This 2,463-square-foot duplex, built in 1925, contains two residences with varied room configurations. The first-floor residence has four rooms, including one bedroom, a full bath, a remodeled kitchen, and a flexible additional room. The upper residence spans two levels: the second floor has two bedrooms, living and dining rooms, an updated kitchen, a tile bath, and another adaptable room; the third level adds a bedroom, bathroom, and kitchen area without a stove.
The property has a gas-fired Burnham heating system. Washer and dryer hookups are available on the first floor and in the basement, which also includes a full bath, sump pump, French drain, water purification and softening system, humidity control, and Wave ventilation. Outside, the property features a driveway for two cars, a backyard, and an enclosed porch.
The property has a gas-fired Burnham heating system. Washer and dryer hookups are available on the first floor and in the basement, which also includes a full bath, sump pump, French drain, water purification and softening system, humidity control, and Wave ventilation. Outside, the property features a driveway for two cars, a backyard, and an enclosed porch.
Key Highlights
- Two‑family duplex with 2,463 square feet; built in 1925
- First‑floor residence has 1 bedroom, 1 full bath, remodeled kitchen, and flexible additional room
- Upper residence spans two levels, with 3 bedrooms, 2 bathrooms, and a kitchen area without a stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,923
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,460
$938.5K
Cap Rate 7%
$670,329
$670.3K
Cap Rate 9%
$521,367
$521.4K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$70.9K $28.80/SF
− Vacancy
−$3.9K −$1.58/SF
EGI
$67.0K $27.22/SF
− OpEx
−$20.1K −$8.16/SF
NOI
$46.9K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,460
Cap Rate 7%
$670,329
Cap Rate 9%
$521,367
Alternative Uses
Best Use
Multifamily LT 5
$670.3K
$586.5K – $782.1K
NOI $46,923 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,785 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,066 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
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Business Placement
Demographics for 02150, MA
40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Suffolk County, MA
Properties on Market for Duplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas and laundry hookups on the first floor and in the basement support flexible household arrangements.
Where is this duplex located?
The property is located at 49 Carroll Street Chelsea, MA.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Two‑family duplex with 2,463 square feet; built in 1925; First‑floor residence has 1 bedroom, 1 full bath, remodeled kitchen, and flexible additional room; Upper residence spans two levels, with 3 bedrooms, 2 bathrooms, and a kitchen area without a stove
