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23 Pearson St Chelmsford — Photo 1 of 30

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.

View Standard Listing

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

Original Price$649,900
Annual Taxes$7,898

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces1
FlooringCarpet, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished, Interior Entry, Bulkhead

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres0.52
SqFt Lot22,560
Lot FeaturesCleared, Gentle Sloping, Level

Amenities & Appliances

Water Heater

Neighborhood

Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Dining RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Basement
Bathroom 3
Main,First
Living RoomKitchen
Living Room
Lvl Main,First

21.7 x 12.7

Closet, Flooring - Hardwood, Exterior Access

Dining Room
Lvl First

8.6 x 10.3

Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider

Kitchen
Lvl Main,First

12 x 9

Exterior Access, Gas Stove

Primary Bedroom
Lvl First

13.9 x 9.11

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

10.6 x 12.7

Bedroom 3
Lvl First

7.1 x 9.1

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

6.4 x 9.11

Bathroom - Full

Bathroom 3
Lvl Basement

7.9 x 8.9

Bathroom - Full

Property History

Listed
$649,900

Sep 22, 2026

MLS® 73580885

Sold
$269,900

Jan 11, 2011

MLS® 71174553

Listed
$269,900

Jan 3, 2011

MLS® 71174553

Listing Provided By

Listing Agent: Joyce Asack

Listing Office: RE/MAX Synergy

MLS® Number: 73580885