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About this home
Unbelievable investment opportunity less than three miles from beautiful downtown Boston! Located in the heart of Chelsea and just 2.25 miles over the historic Tobin from downtown!! This turnkey, rock-solid 3-family home is the perfect addition to your portfolio or could be an ideal owner-occupant setup. Finding a classic multi-family property in this location at this price point so close to the city is truly unheard of! The property features a highly rental-friendly layout: a spacious 2-bedroom unit on the 1st floor, and massive 3-bedroom units on both the 2nd and 3rd floors. Upgrades include a modern updated 3rd-floor unit that can be delivered vacant, perfect for an owner-occupant looking to live for next to nothing or a landlord ready to set market rent immediately!! All units feature strong rental history with current tenants on flexible month-to-month agreements. The property boasts well-maintained, good systems throughout, offering true peace of mind for the next savvy buyer. Don't miss your chance to own a classic Chelsea cash-flowing 3-decker under $850k with unbeatable proximity to Boston. Won't last!!!
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
Bathroom
Bedroom
Interior features
14 total rooms
Full basement with walk-out access and interior entry; unfinished
Bathrooms
3 full bathrooms
Flooring
Tile, vinyl, laminate, and hardwood flooring
Exterior features
Fenced yard
Enclosed porch
Home design
Three-family property
Three stories
Construction
Frame construction
Stone foundation
Shingle roof
Light blue exterior
Utilities
Public water
Public sewer
Gas and electric range connections; gas oven connection
HOA & community
Nearby public transportation, shopping, pool, park, walking and jogging trails, medical facility, laundromat, highway access, houses of worship, private and public schools, a T-station, and a university
Electricity and solar
View estimated energy costs and solar savings for this home
LOOKING FOR INCOME PRODUCING PROPERTY? Located in the heart of Chelsea, JUST some blocks away from the Silver Line. and half block from the bus line, close to stores, restaurants and the city hall. hardwood floors on all three floors and ceramit tiles in kitchens,spacious bedrooms.Separate utilities, gas heat.
MLS PIN #71333190
May 4, 2012
Sold
$300,000
$95/sq ft
Feb 29, 2012
Contingent
—
Jan 31, 2012
Listed
$325,000
$103/sq ft
+8
This is not a short sale or Bank owned, fully rented three family home with 1, 2 and 2 bed rooms per unit, good rental income, separate gas heat,separate electric, great for the first time home buyer or investor.Close to City Hall,schools,Logan Airport,and much more. Hard wood all three floors,ceramic tile all three kitchens.
MLS PIN #70889733
Apr 2, 2010
Sold
$250,000
$79/sq ft
Jul 2, 2009
Contingent
—
Jul 1, 2009
Price Changed
$299,000
$95/sq ft
Mar 18, 2009
Listed
$499,000
$158/sq ft
Public Records
Nov 28, 2003
Sold
$420,000
$133/sq ft
Public Records
May 1, 1996
Sold
$90,000
$29/sq ft
MLS PIN #50289665
Oct 6, 1995
Sold
$72,500
$23/sq ft
Sep 15, 1995
Listing Removed
—
Jun 14, 1995
Listed
$79,900
$25/sq ft
Public Records
Sep 16, 1993
Sold
$48,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$9,016 (−1.4%)
$136,200 + $592,100
$728,300
2022
$9,148 (+17.3%)
$129,700 + $560,700
$690,400
2021
$7,800 (+7.6%)
$123,500 + $449,200
$572,700
2020
$7,247 (−5.9%)
$117,600 + $423,600
$541,200
2019
$7,704 (+10.7%)
$117,600 + $423,000
$540,600
2018
$6,958 (+4.6%)
$157,400 + $336,100
$493,500
2017
$6,652 (+18.9%)
$157,400 + $306,500
$463,900
2016
$5,593 (+14.8%)
$157,400 + $235,100
$392,500
2015
$4,873 (+15.0%)
$136,900 + $201,500
$338,400
2014
$4,239 (+5.3%)
$119,000 + $165,900
$284,900
2013
$4,026 (+21.8%)
$119,000 + $165,900
$284,900
2012
$3,306 (+3.5%)
$114,500 + $124,900
$239,400
2011
$3,194 (+6.9%)
$119,200 + $128,000
$247,200
2010
$2,989 (−18.6%)
$119,200 + $128,000
$247,200
2009
$3,670
$148,800 + $191,000
$339,800
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
1,742 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,153
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,153
Year built
1930
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1287845
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
64
49
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
53/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.2 hrs
2.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 31 Library St
$854,432
$4,432 over list price of $850K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $850K to $995K.