31 Franklin Ave Chelsea — Photo 1 of 36
$889,900
Investment Analysis — 31 Franklin Ave
Chelsea, MA 02150
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02150 carries an estimated $6,300/mo in gross rent — about a 5.38% cap rate and $47,868/yr in estimated NOI at the $889,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,486
Style
Multi Family
Built
1900
Welcome to 31 Franklin Ave, a spacious Chelsea two-family that was substantially rebuilt in 2012 following a fire, giving buyers the benefit of a much newer-feeling property within a classic multi-family setup. Each unit offers 3 bedrooms, 1 full bath, hardwood floors, central heat and air, generous living space, and open kitchen and dining areas. Both units will be delivered vacant, giving the next owner the flexibility to move right in, place their own tenants, or house hack from day one. With nearly 2,500 sq. ft. of living area, a full basement, city water and sewer, and convenient access to public transportation, shopping, highways and nearby amenities, this is a strong opportunity for both owner-occupants and investors looking for a well-maintained Chelsea two-family.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Property History
$889,900
Sep 9, 2026
MLS® 73570594
$115,000
Aug 30, 2011
MLS® 71275177
$115,000
Aug 15, 2011
MLS® 71275177
$160,000
Jul 29, 2011
MLS® 71210138
$160,000
Apr 4, 2011
MLS® 71210138
Listing Agent: The Trustpoint Group
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73570594