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$850,000
Total Beds: 7 Total Baths: 2
Total Units: 2 SQFT: 2718
LOT size: 0.08 Acres
29 Cottage St
Chelsea, MA 02150
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Property Description

Beautiful and updated two-family home featuring 7 bedrooms, 4 full bathrooms, a driveway, garage, and a cozy backyard. This property offers newer electrical systems, kitchens, and baths, hardwood floors, high ceilings, and gas heat and cooking. The large, dry basement includes separate laundry rooms for each unit. Conveniently located near Downtown Chelsea with easy access to Boston via the Silver Line, Commuter Rail, and multiple bus routes. Enjoy proximity to Katz Bagels, John’s Pizza, and local dining spots. Fully rented with $7,300/month in gross income from TAW Section 8 leases. Ideal for investors or a 1031 tax exchange before year-end.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 7
  • Total Full Baths: 2
  • Amenities: Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Internet Available - Fiber-Optic, Lead Certification Available, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Geothermal Heat Source, Heat Pump, Hot Water Radiators, Individual, Oil
  • Common Cooling: Individual, None

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 86520
  • Gross Expenses: 21880
  • Electric Expenses: 600
  • Water/Sewer: 6000
  • INSC: 3275
  • Repairs & Maintenance: 1000
  • RFS: 3000
  • Net Operating Income: 64640

Utilities

  • Heat Zones: 2
  • Cooling Zones: 2
  • Electric Info: 200 Amps, Circuit Breakers, Common, Individually Metered, Other (See Remarks), Underground
  • Utility Connections: Washer Hookup, for Electric Dryer, for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73443279
  • Last Updated: 10/14/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Jeffrey Bowen, eRealty Advisors, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-10-14 19:07:00

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