
148 Congress Ave Chelsea — Photo 1 of 10
Recent Drop: $105,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Laundromat • Highway Access • Public School
Geography
Property History
$985,000
Was $1,090,000
Aug 14, 2026
MLS® 73554885
$1,090,000
Jul 24, 2026
MLS® 73554885
Listing Agent: Luis Tejada
Listing Office: Century 21 North East
MLS® Number: 73554885