39 Spencer Ave Chelsea — Photo 1 of 36
Recent Drop: $64,000
$865,000
Investment Analysis — 39 Spencer Ave
Chelsea, MA 02150
Based on rent reported on the MLS listing, a 3-unit multi-family in 02150 carries $6,650/mo in gross rent — about a 6.03% cap rate and $52,199/yr in estimated NOI at the $865,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
2,496
Style
3 Family
Built
1900
Solid, well-maintained three-family investment opportunity! Perfect for investors or owner-occupants seeking a turnkey property with easy access to downtown Boston. Located in a quiet neighborhood, it's within walking distance of schools, shopping centers, a supermarket, bus routes 111, 116 & 117, the commuter rail, and other everyday amenities. The first-floor unit has been fully renovated, while the renovated third-floor unit offers beautiful city views. The property features separate utilities, a private driveway for two off-street parking spaces, and a roof and siding in good condition. Numerous updates include electrical improvements, renovated kitchens, and updated bathrooms. Well maintained with great tenants already in place, this is an excellent opportunity to own a quality income-producing property in a convenient location. One unit can be delivered vacant if needed.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Refrigerator
Geography
Property History
$865,000
Was $879,000
Sep 10, 2026
MLS® 73541138
$879,000
Was $899,000
Aug 15, 2026
MLS® 73541138
$899,000
Was $929,000
Jul 17, 2026
MLS® 73541138
$929,000
Jun 24, 2026
MLS® 73541138
Listing Agent: Ella Goren
Listing Office: Sunrise Realty & Investment LLC
MLS® Number: 73541138
