Duplex With Hardwood
For Sale
$829,000
55 Parker St, Chelsea, MA 02150
Residential Income, Chelsea, MA
Property Size2,792 SF
Lot Size0.07 Acres
Price / SF$296.92
Days on Market9
Property Features for 55 Parker St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3
Directions
Hawthorn Street to Parker Street
Standard status
Active
APN
M:0058 B:0000 L:0006,1288757
Size
2,792 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7587
Amenities
High ceilings
Hardwood floors
Eat-in kitchen
Granite countertops
Stainless-steel appliances
In-unit washer and dryer
Private rear deck
Shared backyard
Building Details
Year built
1922
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Sep 15
Changed: Sep 19
Last Checked: Sep 23 at 10:06AM
MLS# 73577340
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1922, this 2,792-square-foot duplex contains two residential units: a three-bedroom first-floor apartment and a four-bedroom second-floor apartment. Both residences feature high ceilings, hardwood flooring, eat-in kitchens with granite countertops, stainless-steel appliances, in-unit laundry, and private rear decks. The property also includes a shared backyard and recently installed exterior siding. Both units are currently occupied.
The property sits on a 0.0659-acre lot at 55 Parker St in Chelsea, Massachusetts, within the 02150 postal area. It carries R2 zoning and is positioned near shopping, dining, daily services, and major highway access.
The property sits on a 0.0659-acre lot at 55 Parker St in Chelsea, Massachusetts, within the 02150 postal area. It carries R2 zoning and is positioned near shopping, dining, daily services, and major highway access.
Key Highlights
- Two‑family duplex with a 3‑bedroom first‑floor unit and 4‑bedroom second‑floor unit
- 2,792 square feet on a 0.0659‑acre lot
- Both units include 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
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-family property with separate residential units, private rear decks, and shared outdoor space.
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‑family duplex with a 3‑bedroom first‑floor unit and 4‑bedroom second‑floor unit; 2,792 square feet on a 0.0659‑acre lot; Both units include eat‑in kitchens with granite countertops and stainless‑steel appliances
