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46 Addison St #2 Chelsea — Photo 1 of 28

46 Addison St #2 Chelsea — Photo 1 of 28

Recent Drop: $1,000

$650,000
$649,000

$649,000

Investment Analysis — 46 Addison St #2

Chelsea, MA 02150 — Bellingham Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02150 carries an estimated $3,480/mo in gross rent — about a 2.60% cap rate and $16,869/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,557

Style

Condominium

Built

1900

***Ask how the seller can help lower your monthly mortgage payment! Seller is open to offering credit toward buyer closing costs or an interest rate buy down.*** Rare Turnkey Value | Expansive 2,557 SF Bi-Level Layout | Exceptional Multi-Generational Versatility. Priced decisively under prevailing price-per-square-foot market averages, this fully renovated 4-bedroom, 3-bathroom residence offers an expansive, single-family feel across two full levels of living space. Spanning the 2nd and 3rd floors, the generous 4-bed, 3-bath configuration provides ideal adaptability for multi-generational living, au pair accommodations, or dual executive work-from-home suites. Enjoy a designer quartz/stainless kitchen with marble backsplash, rich hardwoods, cathedral ceilings, upper-level laundry, and substantial basement storage. Commuter Dominance: Minutes to Downtown Boston, Logan Airport, the MBTA Commuter Rail, and the Silver Line. Unpack, settle in, and capture unbeatable square footage and value in today’s market. Flood insurance is conveniently factored directly into the monthly HOA for streamlined budgeting.

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 MLS and other third-party data may be inaccurate or out of date.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$699,900
Annual Taxes$8,869
HOA Fee$500

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Highway Access • T-Station

Geography

Floorplan Breakdown

Structural Layout

Third
Primary BedroomBedroom 2Bathroom 1
Second
Living RoomDining RoomKitchenBedroom 3Bedroom 4Bathroom 2Bathroom 3
Living Room
Lvl Second

Flooring - Hardwood

Dining Room
Lvl Second

Flooring - Hardwood

Kitchen
Lvl Second

Countertops - Stone/Granite/Solid, Cabinets - Upgraded

Primary Bedroom
Lvl Third

Skylight, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Third
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

Closet, Flooring - Hardwood

Bathroom 1
Lvl Third

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile

Property History

Price Drop
$649,000

Was $650,000

Oct 4, 2026

MLS® 73570912

Price Drop
$650,000

Was $699,900

Sep 17, 2026

MLS® 73570912

Listed
$699,900

Sep 2, 2026

MLS® 73570912

Listing Provided By

Listing Agent: Colleen & Company Team

Listing Office: Keller Williams Realty

MLS® Number: 73570912