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100 Boatswains Way #510 Chelsea — Photo 1 of 41

100 Boatswains Way #510 Chelsea — Photo 1 of 41

$549,900

Investment Analysis — 100 Boatswains Way #510

Chelsea, MA 02150 — Admirals Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02150 carries an estimated $2,630/mo in gross rent — about a 2.02% cap rate and $11,088/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,023

Style

Condominium

Built

1987

Welcome to 100 Boatswains Way #510, a spectacular top-floor corner penthouse at Admiral’s Flagship Condominiums, where sophisticated condo living near the city meets the serenity of 19+ acres of waterfront open space. Perched high above Chelsea’s coveted Admiral’s Hill neighborhood, nestled on a private way, this sun-drenched residence offers dramatic vaulted ceilings, exceptional open space, a private 14-foot balcony, deeded garage parking & storage. In 2025/2026, the seller invested $25K+ in improvements, creating a beautifully refreshed, truly move-in-ready home. The renovated 2023 kitchen features sleek quartz countertops, custom cabinetry, stainless steel appliances and brand-new flooring. Both bathrooms were completely renovated in 2023, including a beautifully appointed primary bath with custom tile walk-in shower and frameless glass door. A new custom designed coffee niche/bar with coordinating cabinetry was thoughtfully added to the dining area — perfect for morning coffee or evening entertaining. The expansive living area is flooded with natural light and framed by dramatic vaulted ceilings. Both bedrooms are exceptionally spacious, featuring new hardwood flooring, new custom blinds and generous closets. Additional conveniences include in-unit laundry with stackable washer/dryer. Apprx 2023 - The HVAC system was replaced. In 2026, the association replaced the main stack heating/cooling systems - Need some fresh air? Step outside to your private, sun-splashed balcony, accessible from both the living room and primary suite—the perfect place to start your day, entertain friends or simply unwind as the sun sets. Outdoor enthusiasts will love having acres of waterfront open space a short distance beyond their front door at The Mary O’Malley State Park. Enjoy scenic waterfront trails, running paths, tennis courts, expansive green space and a playground. ADD a well-managed association with LOW condominium fees that include HEAT & HOT WATER, a private inground swimming pool, private evening security from 6PM–5AM and association-wide security cameras, and you have a truly rare combination of LOCATION, VALUE, LIFESTYLE & PEACE OF MIND. All condo documents and additional materials are available in MLS or upon request. Private showings commence Monday, 10/05/26 after 3PM. Private showings will be easy to schedule throughout the week.

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$549,900
Annual Taxes$5,854
HOA Fee$587

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementN

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Unknown
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl null

15 x 14

Vaulted Ceiling(s), Flooring - Hardwood, Balcony / Deck, Recessed Lighting, Slider

Dining Room
Lvl null

11.5 x 10.5

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Half Vaulted Ceiling(s)

Kitchen
Lvl null

10 x 8

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances

Primary Bedroom
Lvl null

20 x 13

Vaulted Ceiling(s), Closet, Flooring - Hardwood, Balcony - Exterior

Bedroom 2
Lvl null

19 x 12.5

Bathroom 1
Lvl null

6 x 8

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting, Remodeled

Bathroom 2
Lvl null

5 x 7

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting, Remodeled

Property History

Listed
$549,900

Oct 4, 2026

MLS® 73586355

Sold
$566,000

Apr 22, 2025

MLS® 73354412

Listed
$529,900

Apr 3, 2025

MLS® 73354412

Listing Provided By

Listing Agent: Paula Buono

Listing Office: Elite Realty Experts, LLC

MLS® Number: 73586355