Fantastic Investment Opportunity! Well-maintained three-family property nestled in a quiet, friendly neighborhood within walking distance to local schools. Featuring spacious 3-3-2 bedroom units, generously sized bathrooms, updated kitchens, and gleaming hardwood floors throughout. Situated on an oversized, double lot, the property offers off-street parking for up to 14 vehicles. Additional potential for a fourth unit or studio in the basement (buyer to verify permits and feasibility). Strong rental history with long-term tenants of over 5 years and an excellent record of on-time rent payments. A must-see opportunity for investors or owner-occupants looking to maximize rental income!
Addison-Orange, located between Broadway and the Chelsea Creek waterfront, is a residential and industrial Chelsea neighborhood with compact triple-deckers and working-port edges. The neighborhood’s character concentrates around Broadway near City Hall Avenue, where corner bodegas, taquerias, and small service storefronts keep the sidewalks in motion. Brick warehouses and light-industrial buildings sit alongside tight blocks of wood-frame homes, giving the streetscape a practical, lived-in rhythm. Chelsea Square’s civic buildings and plazas set a formal counterpoint to the creekside infrastructure. The Chelsea Riverwalk traces the waterline with benches and views of passing ships. Mary O’Malley Park adds a green pause near the bridge approaches.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bathrooms
3 full bathrooms
Flooring
Wood and tile flooring
Heating & cooling
3 heating units
Exterior features
Enclosed porch
Home design
Three-unit property arranged over three stories
Parking
6 parking spaces
Paved driveway
Off-street parking
Construction
Frame construction
Concrete perimeter foundation
Shingle roof
Blue exterior
Utilities
Public water
Public sewer
Gas range hookup
HOA & community
Near public transportation, a laundromat, highway access, and sidewalks
Electricity and solar
View estimated energy costs and solar savings for this home
Great 3 family located within walking distance to schools in a quiet, friendly neighborhood ! All units have 3 bedrooms, spacious bathrooms, updated kitchens and gleaming hardwood floors! Property is situated on a large double-sized lot with off street parking for 15+ cars! Property may even be able to be subdivided into 2 lots or you could rent out the extra spaces for additional income! PLUS potential for a 4th unit or studio in the basement! Great tenants, never late! A MUST see!
MLS PIN #70962406
Dec 31, 2009
Sold
$176,000
$57/sq ft
Aug 18, 2009
Contingent
—
Aug 18, 2009
Listed
$170,000
$55/sq ft
3 Family in need of TLC, parking for four cars.
Year
Property tax
Land + Additions
Assessment*
2023
$8,470 (−1.7%)
$178,900 + $505,300
$684,200
2022
$8,619 (+3.6%)
$170,400 + $480,100
$650,500
2021
$8,323 (+7.6%)
$162,300 + $448,800
$611,100
2020
$7,737 (−1.4%)
$154,500 + $423,300
$577,800
2019
$7,849 (+10.7%)
$154,500 + $396,300
$550,800
2018
$7,088 (+4.9%)
$154,500 + $348,200
$502,700
2017
$6,760 (+19.4%)
$154,500 + $316,900
$471,400
2016
$5,660 (+29.6%)
$154,500 + $242,700
$397,200
2015
$4,366 (+14.4%)
$134,400 + $168,800
$303,200
2014
$3,815 (+5.3%)
$116,900 + $139,500
$256,400
2013
$3,623 (+8.7%)
$116,900 + $139,500
$256,400
2012
$3,332 (+44.6%)
$114,600 + $126,700
$241,300
2011
$2,304 (−23.5%)
$119,300 + $59,000
$178,300
2010
$3,010 (−22.8%)
$119,300 + $129,700
$249,000
2009
$3,897
$161,300 + $199,500
$360,800
Public record
Public record
Zoning
Beds
8
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,850
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,850
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1288530
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
R2
FOD
Residential R-2 District
The purpose of the R2 district is to provide an area for multifamily dwellings and associated uses.
Zone overlays
Floodplain Overlay District
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
9/10 Flood Factor
Estimated 80%+ chance 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
74/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Chelsea. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.3 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 45 Addison
$1,049,002
$998 under list price of $1.05M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $895K to $1.2M.