
71 Princeton St #213 Chelmsford — Photo 1 of 33
Recent Drop: $12,000
$428,000
Investment Analysis — 71 Princeton St #213
Chelmsford, MA 01863
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 2-bedroom in 01863 carries an estimated $2,230/mo in gross rent — about a 1.92% cap rate and $8,228/yr in estimated NOI at the $428,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,330
Style
Condominium
Built
1986
Somewhere between the condos that feel like every other condo and the older homes that need more work than you have time for, there is this. The Mill in Chelmsford is a historic mill building converted to condominiums, and Unit 213 is a two-level loft that kept everything worth keeping. Sand-blasted brick. Exposed beams. Cathedral ceilings that climb overhead. Oversized windows that pull light across the floors all afternoon. The main level opens into a 14x19 living and dining area with timber posts standing where the building's original structure has always been, and the result is a sense of space that is rare at this price. The kitchen was thoughtfully renovated with granite counters, glass front cabinets, and stainless steel appliances, and a pass-through keeps whoever is cooking part of the conversation. A half bath completes the level. Upstairs, two large bedrooms carry the same brick and beam character, with hardwood floors and walk-in closets in both. The main bedroom opens through a slider to a private balcony, the kind of spot where mornings start slowly and peacefully and evenings wind down without pressure. A full bath serves both rooms. The practical pieces are handled. Central air and forced-air heat, ceiling fans throughout, elevator access, rare hard-to-find spot with two parking spaces, AND a private storage unit. The monthly fee covers water, sewer, master insurance, exterior and road maintenance, landscaping, snow removal, refuse removal, the elevator, and the building laundry facilities, which means weekends belong to you. Professionally managed, pet-friendly with restrictions. The location adds another layer. The Establishment, a popular restaurant and bar, is in the same mill complex, so dinner and drinks are right on the property. Vinal Square is just up the road, and Drum Hill is minutes south for groceries and everyday errands. The Southwell Nature Trail follows the river less than a mile away, and Oak Hill Conservation Area offers miles of wooded trails. Downtown Lowell is about ten minutes out, and Routes 3 and 495 keep the rest of the region within easy reach. Lofts like this one do not come up often here. When they do, people tend to stand in the middle of the living room and start deciding where their things would go.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl null14 x 19
Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Flooring - Wood, Open Floorplan
Kitchen
Lvl null7 x 10
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Master Bedroom
Lvl null12 x 14
Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck, Slider
Bedroom 2
Lvl null11 x 12
Property History
$428,000
Was $440,000
Aug 18, 2026
MLS® 73556317
$440,000
Jul 29, 2026
MLS® 73556317
Listing Agent: Lisa Johnson Sevajian
Listing Office: Compass
MLS® Number: 73556317