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About this home
**Exceptional Three-Family Investment Opportunity in Chelsea!**Don't miss this outstanding opportunity to own a spacious, well-maintained, and extensively updated three-family property in one of Chelsea's most convenient locations!Offering an impressive **11 bedrooms across three generously sized units**, this property features a three-bedroom first-floor apartment and two four-bedroom apartments on the second and third floors—an ideal combination for investors seeking strong rental income or owner-occupants looking to offset their mortgage with rental revenue.A standout feature is the property's **lead compliance certificates**, providing a significant advantage in today's rental market, particularly for families with young children.Additional highlights include numerous improvements over the years, a spacious backyard ideal for outdoor enjoyment, a full-size basement offering abundant storage, and strong existing rental income with potential for future growth.Conveniently situated near public transportation, schools, shopping, restaurants, parks, and major commuting routes, this property offers the accessibility and everyday conveniences that tenants value.**Whether you're expanding your investment portfolio or looking to build long-term wealth through owner-occupancy, this Chelsea three-family offers space, income potential, and lasting value.****Opportunities like this deserve a closer look. Schedule your private showing today!**
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Around this home
Schools
K - 12
Preschool & daycare
Shurtleff Early Childhood
Public PreK-1 • Assigned • 0.1mi
Eugene Wright Science And Technology Academy
Public 5-8 • Assigned • 0.4mi
4/10
Chelsea High School
Public 9-12 • Assigned • 0.9mi
2/10
Provided by GreatSchools
About Belingham
Square
Belingham Square, located between Broadway and the Chelsea Creek waterfront, is a historic and transit-linked Chelsea neighborhood with a civic plaza feel and a global food corridor. The neighborhood’s character concentrates around the Broadway and Fifth Street junction, where bakeries, taquerias, produce markets, and small storefronts keep the sidewalks in motion. Chelsea City Hall anchors the square with a dignified civic presence, while the Chelsea Clock Company building adds an industrial-era landmark note. The Chelsea Public Library brings a calm counterpoint to the street energy. Brick multifamily blocks and older commercial facades define the streetscape. The Silver Line at Chelsea Station ties daily routines to the wider region.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Interior features
17 total rooms
Full basement
Bathrooms
3 full bathrooms
Exterior features
Public road frontage
Home design
Three-family property
Three stories
Parking
On-street parking
Construction
Frame construction
Concrete perimeter and stone foundation
Rubber roof
Lead paint certified treated
Utilities
Public water
Public sewer
Circuit breakers
HOA & community
Near public transportation, a park, a laundromat, highway access, and a public school
Electricity and solar
View estimated energy costs and solar savings for this home
Large 3 family with good size hallways and rooms. Updated and well maintained by the sellers. front and rear porches as well as an enclosed yard. Seller will give 30 day notice to quit to unit of buyers choice at commitment. will leave $3,000 in escrow towards eviction cost.
MLS PIN #30535176
Sep 4, 2001
Sold
$245,000
$62/sq ft
Aug 24, 2001
Listing Removed
—
Aug 22, 2001
Listed
$359,900
$92/sq ft
Public Records
Apr 20, 2001
Sold
$245,000
$62/sq ft
MLS PIN #50482523
Mar 2, 1998
Sold
$135,000
$34/sq ft
Dec 18, 1997
Listing Removed
—
Aug 25, 1997
Listed
$135,000
$34/sq ft
Public Records
Jul 12, 1996
Sold
$94,000
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$10,221 (−1.2%)
$168,700 + $656,900
$825,600
2022
$10,342 (+3.7%)
$160,600 + $619,900
$780,500
2021
$9,974 (+31.6%)
$153,000 + $579,300
$732,300
2020
$7,577 (+3.1%)
$145,700 + $420,200
$565,900
2019
$7,352 (+10.2%)
$145,700 + $370,200
$515,900
2018
$6,672 (+4.4%)
$145,700 + $327,500
$473,200
2017
$6,391 (+19.0%)
$145,700 + $300,000
$445,700
2016
$5,369 (+15.1%)
$145,700 + $231,100
$376,800
2015
$4,666 (+14.5%)
$126,700 + $197,300
$324,000
2014
$4,076 (+5.3%)
$110,200 + $163,700
$273,900
2013
$3,870 (+7.9%)
$110,200 + $163,700
$273,900
2012
$3,586 (+3.6%)
$110,200 + $149,500
$259,700
2011
$3,463 (+6.9%)
$114,800 + $153,200
$268,000
2010
$3,240 (−18.6%)
$114,800 + $153,200
$268,000
2009
$3,981
$143,300 + $225,300
$368,600
Public record
Public record
Zoning
Beds
8
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,924
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,924
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1286507
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
R2
Residential R-2 District
The purpose of the R2 district is to provide an area for multifamily dwellings and associated uses.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Fire house
Police station
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Chelsea, MA • 02150
Average low and high temperatures (°F)
34
22
37
24
51
34
58
42
68
52
79
63
83
68
78
63
73
60
63
50
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.3 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 148 Congress Ave
$990,678
$5,678 over list price of $985K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $895K to $1.1M.