Active
4 Days on market
128 Washington Avenue Chelsea — Photo 1 of 34

128 Washington Avenue Chelsea — Photo 1 of 34

$769,900

Investment Analysis — 128 Washington Avenue

Chelsea, MA 02150 — Bellingham Square

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 02150 carries an estimated $5,500/mo in gross rent — about a 5.57% cap rate and $42,863/yr in estimated NOI at the $769,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

2,112

Style

Multi Family

Built

1900

Just over the Tobin sits this classic brick 2-family offering 2,112 SF across 4 levels, one rented unit and one vacant unit. For an owner-occupant, the numbers actually work—move into the vacant unit and let Unit 1’s $2,350/month rent help offset the mortgage. Unit 1: rented at $2,350/mo, 2BR/1BA over 2 levels with hardwood floors, in-unit laundry, storage and direct access to a private fenced backyard. Unit 2: vacant and move-in ready, 3BR*/1BA across 3 levels with SOARING CEILINGS, oversized windows, exposed brick, UPDATED kitchen, NEW APPLIANCES and laundry hookups. Major improvements include NEWER ROOF, heating systems & WATER HEATERS, plus electrical, masonry, railing, fascia/flashing and flooring updates. Separate utilities. John Ruiz Park across the street; Mystic Mall puts Market Basket, Home Goods and TJ Maxx within easy reach, while local favorites Chelsea Station Restaurant Bar & Lounge, Ciao! Pizza & Pasta &Katz Bagel Bakery all nearby. Craving steak tips? New Bridge Café just down the street. 111 bus service outside the front door that goes to Haymarket & Government Center. Chelsea MBTA Commuter Rail nearby. Bellingham Square T stop and the SL3 offer direct service to South Station, with continued public investment reshaping the Broadway corridor. Boston access without the Boston price tag—and plenty of Chelsea flavor along the way. Unit 1 is occupied & to be seen at open houses. Open houses on Friday, September 18th from 6:30pm - 7:30pm and Saturday, September 19th from 11:30am - 1pm. Offers due 9/22 at 10am.

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$769,900
Annual Taxes$7,297

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms9
FireplacesNone
FlooringWood, Tile
BasementFull, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic, Individual Meter
SewerPublic Sewer

Building & Exterior

Construction--
RoofRubber
FoundationStone
ZoningR3

Property & Lot

Acres0.03
SqFt Lot1,158
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School

Geography

Property History

Listed
$769,900

Sep 16, 2026

MLS® 73578321

Sold
$2,700

Oct 21, 2025

MLS® 73428397

Listed
$2,700

Sep 9, 2025

MLS® 73428397

Listing Provided By

Listing Agent: Lindsay Higgins

Listing Office: The Market

MLS® Number: 73578321