241 Webster Ave Chelsea — Photo 1 of 26
$399,900
Investment Analysis — 241 Webster Ave
Chelsea, MA 02150 — Prattville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02150 carries an estimated $3,150/mo in gross rent — about a 5.81% cap rate and $23,220/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,379
Style
Single Family
Built
1893
Attention contractors, investors and cash buyers! Here’s your opportunity to bring new life to this charming 7 room, 3 bedroom, 2 full bath home in highly desirable Chelsea, just minutes from Boston. Offering a versatile layout with a spacious living room, dining room, large kitchen, three bedrooms, two full baths and a bonus sunroom/office space. Hardwood floors throughout provide a great starting point for renovation and design ideas. The property is in need of renovation, making it an excellent opportunity for those looking to create value through improvements. Additional features include off-street parking and a good sized fenced backyard. Ideally located with easy access to Route 1, Revere Beach Parkway and multiple major highways, with Boston approximately 10 minutes away. Chelsea offers a vibrant urban setting with trendy restaurants, shops, shopping plazas, waterfront areas and walking paths, plus convenient Silver Line service direct to Boston's South Station. Bring your vision, tools and ideas! This one is ready for its next chapter!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 690 sq ft (the lesser of 900 sq ft or half the 1,379 sq ft principal dwelling). Lot size: 3,960 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First16.333333333 x 12.833333333
Flooring - Hardwood
Dining Room
Lvl Main,First16.333333333 x 12.666666666
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl Main,First12.666666666 x 13.833333333
Ceiling Fan(s), Flooring - Vinyl
Family Room
Lvl First7.916666666 x 10.833333333
Bathroom - Full, Flooring - Vinyl, Exterior Access
Master Bedroom
Lvl Second12.25 x 12.25
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Main,First7.5 x 13.833333333
Bedroom 3
Lvl Second12.083333333 x 12.5
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First4.416666666 x 10.833333333
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second5.5 x 9.25
Bathroom - Full, Bathroom - Tiled With Tub
Listing Agent: Michael Foulds
Listing Office: Trinity Real Estate
MLS® Number: 73572971
