Active
80 Days on market
39 Spencer Ave Chelsea — Photo 1 of 36

39 Spencer Ave Chelsea — Photo 1 of 36

Recent Drop: $64,000

$929,000
$865,000

$865,000

39 Spencer Ave, Chelsea, MA 02150

Chelsea, MA 02150

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$347/sqft
Local Avg (Chelsea)$362/sqft
4% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Chelsea, MA.

Property Details

Financials

Original Price$929,000
Annual Taxes$8,449

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

HeatingNatural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.04
SqFt Lot1,666
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Refrigerator

Geography

Property History

Price Drop
$865,000

Was $879,000

Sep 10, 2026

MLS® 73541138

Price Drop
$879,000

Was $899,000

Aug 15, 2026

MLS® 73541138

Price Drop
$899,000

Was $929,000

Jul 17, 2026

MLS® 73541138

Listed
$929,000

Jun 24, 2026

MLS® 73541138

Population

39,908

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$72K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

74.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Suffolk County

2,527 housing units permitted in the last 12 months (+37% vs the prior 12 months) — 2,269 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Ella Goren

Listing Office: Sunrise Realty & Investment LLC

MLS® Number: 73541138

Browse More Homes in Chelsea

Explore other active listings in the area.