
23 Pearson St Chelmsford — Photo 1 of 30
$649,900
Investment Analysis — 23 Pearson St
Chelmsford, MA 01824
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01824 carries an estimated $3,480/mo in gross rent — about a 3.67% cap rate and $23,840/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,508
Style
Single Family
Built
1963
Welcome to 23 Pearson Street, located in Chelmsford’s desirable South Row area! This 3-bedroom ranch is set on an amazing half-acre lot featuring a beautiful backyard with plenty of space to relax, entertain, garden, play and enjoy the outdoors. Flower and nature lovers will appreciate the wildflowers planted in the front yard, providing a colorful seasonal display that attracts butterflies and hummingbirds. The main level offers a comfortable layout with three bedrooms, living room, kitchen, dining area and full bath. A slider from the dining area opens to an oversized deck overlooking the amazing backyard—the perfect spot for outdoor dining, summer gatherings, morning coffee or simply relaxing and enjoying the surroundings. Need more space? The partially finished lower level adds approximately 500 sq. ft. of additional living area along with a second full bath, offering plenty of flexibility for a family room, home office, guest space, playroom or whatever best suits your needs. The lower level also includes a dedicated workshop area and laundry setup, adding even more function and versatility. Additional features include gas heat, town water and sewer, four off-street parking spaces and two storage sheds providing plenty of room for outdoor equipment, tools and gardening supplies. The expansive yard is truly one of the highlights of this property, offering wonderful outdoor space with so many possibilities. Enjoy a convenient Chelmsford location close to the Town Center, shopping, dining and area amenities, with easy access to Route 3 and I-495 for commuters.
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: 754 sq ft (the lesser of 900 sq ft or half the 1,508 sq ft principal dwelling). Lot size: 22,560 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
Water Heater
Neighborhood
Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First21.7 x 12.7
Closet, Flooring - Hardwood, Exterior Access
Dining Room
Lvl First8.6 x 10.3
Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider
Kitchen
Lvl Main,First12 x 9
Exterior Access, Gas Stove
Primary Bedroom
Lvl First13.9 x 9.11
Closet, Flooring - Hardwood
Bedroom 2
Lvl First10.6 x 12.7
Bedroom 3
Lvl First7.1 x 9.1
Closet, Flooring - Hardwood
Bathroom 1
Lvl First6.4 x 9.11
Bathroom - Full
Bathroom 3
Lvl Basement7.9 x 8.9
Bathroom - Full
Property History
$649,900
Sep 22, 2026
MLS® 73580885
$269,900
Jan 11, 2011
MLS® 71174553
$269,900
Jan 3, 2011
MLS® 71174553
Listing Agent: Joyce Asack
Listing Office: RE/MAX Synergy
MLS® Number: 73580885
