Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous new kitchen with stainless appliances and granite counters, new bath, flooring, windows, sheetrock, heating, recessed lights, paint. Laundry for upstairs unit included. Both tenants pay all of their own utilities. Current gross rent is $56,400/yr and scheduled to increase to $64,800/yr+ The numbers make sense on this one, fully turn-key and the best deal in town.
Sold for $550,000
$550,000
416 Crescent Ave, Chelsea, MA 02150
2beds
1,771sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$311/sqft
$3,122 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,122/mo
Zestimate® history
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List your homeWhat's special
Commercial spaceGorgeous new kitchenCentral acConvenience storeLarge take-out restaurantNew bathStainless appliances
Zillow last checked:
Listing updated:
Listed by:
David Gradus 617-733-8717,
Boston Realty Consultants, Inc 617-538-3530,
David Gradus 617-733-8717
Bought with:
Michelle Tenaglia
Berkshire Hathaway HomeServices Verani Realty Bradford
Source: MLS PIN,MLS#: 73134695
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Basement: Bulkhead
- Has fireplace: No
Interior area
- Total structure area: 1,771
- Total interior livable area: 1,771 sqft
Property
Lot
- Size: 1,411 sqft
- Features: Corner Lot
Details
- Parcel number: M:069 P:012,1289671
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Other
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chelsea
HOA & financial
Other financial information
- Total actual rent: 4700
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $550,000-4.3%$311/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 10/4/2023 | Contingent | $574,900$325/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 9/23/2023 | Price change | $574,900-2.6%$325/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 9/13/2023 | Price change | $589,990-1.7%$333/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 8/5/2023 | Listed for sale | $599,990$339/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 7/31/2023 | Contingent | $599,990$339/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 7/11/2023 | Listed for sale | $599,990+47.4%$339/sqft |
Source: MLS PIN #73134695 Report a problem | ||
| 6/19/2023 | Sold | $407,000-9.4%$230/sqft |
Source: MLS PIN #73086240 Report a problem | ||
| 4/25/2023 | Price change | $449,000-10%$254/sqft |
Source: MLS PIN #73086240 Report a problem | ||
| 3/9/2023 | Listed for sale | $499,000+31.3%$282/sqft |
Source: MLS PIN #73086240 Report a problem | ||
| 9/20/2017 | Sold | $380,000-4.8%$215/sqft |
Source: Public Record Report a problem | ||
| 4/13/2017 | Listed for sale | $399,000+17.4%$225/sqft |
Source: Madelyn Garcia Real Estate #72100316 Report a problem | ||
| 8/29/2007 | Sold | $340,000+54.5%$192/sqft |
Source: Public Record Report a problem | ||
| 8/12/2004 | Sold | $220,000+161.9%$124/sqft |
Source: Public Record Report a problem | ||
| 10/28/1999 | Sold | $84,000+86.7%$47/sqft |
Source: Public Record Report a problem | ||
| 4/11/1995 | Sold | $45,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,006 | $501,300 +8.2% |
| 2024 | $11,006 | $463,400 +11.4% |
| 2023 | -- | $415,800 +17% |
| 2022 | -- | $355,400 +12.9% |
| 2021 | -- | $314,700 +1.9% |
| 2020 | $10,946 +26.6% | $308,800 +4% |
| 2019 | $8,649 -15.4% | $296,800 +12.7% |
| 2018 | $10,227 | $263,300 +3.4% |
| 2017 | $10,227 +26.2% | $254,700 +1.2% |
| 2016 | $8,105 | $251,800 -1.1% |
| 2015 | $8,105 | $254,700 +2.4% |
| 2011 | -- | $248,700 -1.3% |
| 2010 | -- | $252,000 +11.8% |
| 2009 | -- | $225,400 +2.1% |
| 2008 | -- | $220,800 |
| 2007 | -- | $220,800 +9.5% |
| 2006 | -- | $201,700 +35.9% |
| 2005 | -- | $148,400 |
| 2004 | -- | $148,400 +2.9% |
| 2003 | $1,448 | $144,200 +62.6% |
| 2002 | -- | $88,700 +8.7% |
| 2000 | $429 | $81,600 |
Find assessor info on the county website
Neighborhood: 02150
Nearby schools
GreatSchools rating
- 7/10William A Berkowitz Elementary SchoolGrades: 1-4Distance: 0.3 mi
- 3/10Clark Avenue SchoolGrades: 5-8Distance: 0.9 mi
- 2/10Chelsea High SchoolGrades: 9-12Distance: 1.3 mi
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- Massachusetts
- Suffolk County
- Chelsea
- 02150
- 416 Crescent Ave
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