Duplex with Private
For Sale
$829,000
55 Parker St, Chelsea, MA 02150
Occupied two-family property with updated exterior siding, shared backyard, and in-unit laundry.
Property Size2,792 SF
Price / SF$296.92
Days on Market8
Property Features for 55 Parker St
General Information
Standard status
Active
Size
2,792 SF
Property subtype
Residential Income
Zoning
R2
Net Operating Income
$65,400
Taxes and HOA fees
Annual Taxes
$7,587
Building Details
Building Size
2,792 SF
Year Built
1922
Listing Agency:
REMAX Andrew Realty Services
Listed By:
Guy Contaldi
(617) 201-0247
Source:
413realestate
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 1:45PM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
Built in 1922, this Chelsea duplex contains two occupied residences: a three-bedroom first-floor unit and a four-bedroom second-floor unit. Both apartments feature high ceilings, hardwood flooring, eat-in kitchens with granite countertops and stainless-steel appliances, in-unit washers and dryers, and private rear decks. Recently installed exterior siding and a shared backyard add to the property’s physical improvements.
The property is located at 55 Parker St near shopping, dining, and everyday amenities, with access to major highways. WalkScore is 86, rated Very Walkable; TransitScore is 61, rated Good Transit; and BikeScore is 56, rated Bikeable.
The property is located at 55 Parker St near shopping, dining, and everyday amenities, with access to major highways. WalkScore is 86, rated Very Walkable; TransitScore is 61, rated Good Transit; and BikeScore is 56, rated Bikeable.
Key Highlights
- Two occupied units: a three‑bedroom first‑floor apartment and a four‑bedroom second‑floor apartment
- High ceilings and hardwood floors in both residences
- Eat‑in kitchens with granite countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,191
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,063,820
$1.1M
Cap Rate 7%
$759,871
$759.9K
Cap Rate 9%
$591,011
$591.0K
Market Conditions
NOI Build-Up for 2,792 SF
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.
Gross rent
$80.4K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$76.0K $27.22/SF
− OpEx
−$22.8K −$8.16/SF
NOI
$53.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,063,820
Cap Rate 7%
$759,871
Cap Rate 9%
$591,011
Alternative Uses
Best Use
Multifamily LT 5
$759.9K
$664.9K – $886.5K
NOI $53,191 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$692.9K
$606.3K – $808.3K
NOI $48,500 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,700 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-family property with updated exterior siding, shared backyard, and in-unit laundry.
Where is this duplex located?
The property is located at 55 Parker St Chelsea, MA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two occupied units: a three‑bedroom first‑floor apartment and a four‑bedroom second‑floor apartment; High ceilings and hardwood floors in both residences; Eat‑in kitchens with granite countertops and stainless‑steel appliances
