100 Boatswains Way #308 Chelsea — Photo 1 of 34
$499,000
Investment Analysis — 100 Boatswains Way #308
Chelsea, MA 02150
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02150 carries an estimated $2,630/mo in gross rent — about a 2.23% cap rate and $11,135/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,090
Style
Condominium
Built
1987
Value-add opportunity at the Admiral's Flagship Condominiums in Admiral’s Hill, one of Chelsea’s most desirable waterfront communities. This spacious 1,090-square-foot residence offers two bedrooms, two full bathrooms, and excellent potential for a buyer to build equity through updates to the original kitchen and baths. The generous living and dining area opens to a private balcony, while the galley-style kitchen provides a functional layout with remodeling possibilities. The bedrooms and bathrooms are thoughtfully separated for added privacy. The primary bedroom features an en-suite bath and direct balcony access. Additional conveniences include an easily accessible in-unit laundry closet, a deeded garage parking space, and a deeded storage unit. This professionally managed elevator building features well-maintained common areas, guest parking, and a private outdoor pool. Enjoy nearby waterfront parks, a marina, tennis courts, Market Basket, Starbucks, Katz Bagels, Ciao! Pizza & Pasta, and convenient access to Boston and major highways.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Roy Avellaneda
Listing Office: ERA Metropolitan Homes
MLS® Number: 73577540