Active
50 Days on market
148 Congress Ave Chelsea — Photo 1 of 10

148 Congress Ave Chelsea — Photo 1 of 10

Recent Drop: $105,000

$1,090,000
$985,000

$985,000

Investment Analysis — 148 Congress Ave

Chelsea, MA 02150

Based on rent reported on the MLS listing, a 3-unit multi-family in 02150 carries $6,400/mo in gross rent — about a 4.79% cap rate and $47,203/yr in estimated NOI at the $985,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

11

Baths

3

SqFt

3,924

Style

3 Family

Built

1920

Don't miss this outstanding opportunity to own a well-maintained and extensively updated three-family property in one of Chelsea's most convenient locations. Offering 3 bedrooms on the first floor and 4 bedrooms on both the second and third floors, this spacious multi-family provides an ideal layout for owner-occupants or investors seeking strong cash flow and long-term appreciation.One of this property's most valuable features is that it is Lead Compliant, offering added peace of mind when renting to families with young children—an important advantage for a building with larger bedroom counts.The property also features:Numerous updates throughout the yearsSpacious backyard perfect for outdoor enjoymentFull-size basement with abundant storage and additional potentialStrong existing rental income with excellent upside for future rent growthConvenient location near schools, public transportation, shopping, laundromats, restaurants, parks, and major commuting routesWhether you're looking to expand your investment portfolio or occupy one unit while collecting rental income from the others, this property presents an exceptional opportunity in today's market.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,090,000
Annual Taxes$11,165

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms17
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationConcrete Perimeter, Stone, Other
ZoningR3

Property & Lot

Acres0.08
SqFt Lot3,325
Lot FeaturesOther

Neighborhood

Public Transportation • Park • Laundromat • Highway Access • Public School

Geography

Property History

Price Drop
$985,000

Was $1,090,000

Aug 14, 2026

MLS® 73554885

Listed
$1,090,000

Jul 24, 2026

MLS® 73554885

Listing Provided By

Listing Agent: Luis Tejada

Listing Office: Century 21 North East

MLS® Number: 73554885