Attention investors! Brick 3-family in the heart of booming Chelsea. Steps away from new Silver Line T opening Spring 2018. Walking distance to downtown shops, restaurants, and entertainment. 100% occupied with TAW. Each unit is separately metered for gas and electric. Each unit has lead paint certificates. Option to buy attached neighbor for a 6-family detached property. Open house is Saturday, September 23rd from 1:00 pm to 4:00 pm.
Multi-familyProperty Type
1920Year Built
1,242 sq ftLot Size
$327Est. Price/Sq.Ft.
Listed by Geoffrey Smith• Philbin Realty and Renovations
Bought with William Black• Cobblestone Real Estate
This property is a nice 3 family located near the center of town. It features easy to maintain brick facade and fairly good size rooms. Separate heat and electric as well as a newer roof. The building bring in a decent rental income and it is great as a rental property as it is within walking distance to the bus, commuter rail, restaurants, stores and parks.
Public Records
Nov 13, 2009
Sold
$205,000
$80/sq ft
MLS PIN #70871505
Nov 13, 2009
Sold
$410,000
$160/sq ft
Aug 24, 2009
Contingent
—
Aug 19, 2009
Relisted
—
Aug 12, 2009
Contingent
—
Aug 10, 2009
Price Changed
$429,000
$167/sq ft
Aug 10, 2009
Relisted
—
Aug 8, 2009
Contingent
—
Aug 8, 2009
Relisted
—
Jul 31, 2009
Contingent
—
Jul 21, 2009
Price Changed
$449,900
$176/sq ft
Jul 8, 2009
Price Changed
$469,900
$183/sq ft
Jun 15, 2009
Price Changed
$499,900
$195/sq ft
Jun 14, 2009
Price Changed
$529,000
$206/sq ft
Apr 15, 2009
Price Changed
$539,000
$210/sq ft
Mar 30, 2009
Price Changed
$569,900
$222/sq ft
Mar 10, 2009
Price Changed
$599,000
$234/sq ft
Feb 3, 2009
Listed
$619,000
$242/sq ft
Well Maintained 6 unit brick building side by side,featuring 4/2 bdrms in four units and two 1 bdrm units.The other 3 units are renting for $700,$850,$850.Modern kitchen and baths,all separate utilities,H/W heaters and windows have all been updated,property is separately deeded as well.Convenient location,close to public transportation,REQUIRES 48HRS NOTICE.MOTIVIATED SELLER!!!BRING YOUR OFFERS!!!
Year
Property tax
Land + Additions
Assessment*
2023
$7,828 (−1.6%)
$108,100 + $524,200
$632,300
2022
$7,953 (+3.8%)
$102,900 + $497,300
$600,200
2021
$7,665 (+7.6%)
$98,000 + $464,800
$562,800
2020
$7,121 (−5.9%)
$93,300 + $438,500
$531,800
2019
$7,568 (+21.3%)
$93,300 + $437,800
$531,100
2018
$6,241 (+5.9%)
$93,300 + $349,300
$442,600
2017
$5,892 (+23.0%)
$93,300 + $317,600
$410,900
2016
$4,791 (+30.8%)
$93,300 + $242,900
$336,200
2015
$3,663 (+15.5%)
$81,200 + $173,200
$254,400
2014
$3,172 (+5.3%)
$70,600 + $142,600
$213,200
2013
$3,013 (+5.2%)
$70,600 + $142,600
$213,200
2012
$2,864 (+3.7%)
$78,500 + $128,900
$207,400
2011
$2,761
$81,700 + $132,000
$213,700
Tax history for 245 Chestnut
Year
Property tax
Land + Additions
Assessment*
2023
$7,828 (−1.6%)
$108,100 + $524,200
$632,300
2022
$7,953 (+3.8%)
$102,900 + $497,300
$600,200
2021
$7,665 (+7.6%)
$98,000 + $464,800
$562,800
2020
$7,121 (−5.9%)
$93,300 + $438,500
$531,800
2019
$7,568 (+21.3%)
$93,300 + $437,800
$531,100
2018
$6,241 (+5.9%)
$93,300 + $349,300
$442,600
2017
$5,892 (+23.0%)
$93,300 + $317,600
$410,900
2016
$4,791 (+30.8%)
$93,300 + $242,900
$336,200
2015
$3,663 (+15.5%)
$81,200 + $173,200
$254,400
2014
$3,172 (+5.3%)
$70,600 + $142,600
$213,200
2013
$3,013 (+5.2%)
$70,600 + $142,600
$213,200
2012
$2,864 (+3.7%)
$78,500 + $128,900
$207,400
2011
$2,761
$81,700 + $132,000
$213,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
1,307 Sq. Ft.
Year renovated
—
Sq. Ft.
2,564
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
4774874
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 26, 2025.
R2
WCFOD
Residential R-2 District
The purpose of the R2 district is to provide an area for multifamily dwellings and associated uses.
Zone overlays
WIRELESS OVERLAY DISTRICT
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Fire house
Police station
Park & open space
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 3
Interior Features
# of Rooms (Total): 11
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 2,562
Foundation Details: Block
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Lead Paint: None
Exterior Features
Fencing: Fenced/Enclosed
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.03
Financial
Tax Information
Tax Annual Amount: $5,892.32
Tax Year: 2018
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: From route 1, take 4th street to Division Street to Broadway Street then onto Chestnut Street.
UnparsedAddress: 245 Chestnut, Chelsea MA 02150
Community Information
Senior CommunityYN: No
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,564
Stories: 3.0
Lot Size: 1,307 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Suffolk County
APN: 4774874
Home facts updated by county records on Jul 26, 2025
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Eugene Wright Science And Technology Academy
Public 5-8 • Assigned • 0.1mi
4/10
Chelsea High School
Public 9-12 • Assigned • 0.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 16-24% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Chelsea, MA • 02150
Average low and high temperatures (°F)
34
22
37
24
51
34
58
42
68
52
79
63
84
69
78
63
73
60
64
49
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$797,000 – $965,000
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