Active
45 Days on market
71 Princeton St #213 Chelmsford — Photo 1 of 33

71 Princeton St #213 Chelmsford — Photo 1 of 33

Recent Drop: $12,000

$440,000
$428,000

$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.

View Standard Listing

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

Original Price$440,000
Annual Taxes$5,042
HOA Fee$589

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringHardwood
BasementN

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningCD

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Unknown
Living RoomKitchenMaster BedroomBedroom 2
Living Room
Lvl null

14 x 19

Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Flooring - Wood, Open Floorplan

Kitchen
Lvl null

7 x 10

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances

Master Bedroom
Lvl null

12 x 14

Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck, Slider

Bedroom 2
Lvl null

11 x 12

Property History

Price Drop
$428,000

Was $440,000

Aug 18, 2026

MLS® 73556317

Listed
$440,000

Jul 29, 2026

MLS® 73556317

Listing Provided By

Listing Agent: Lisa Johnson Sevajian

Listing Office: Compass

MLS® Number: 73556317