
29-31 Middlesex St #1 Chelmsford — Photo 1 of 30
$439,900
Investment Analysis — 29-31 Middlesex St #1
Chelmsford, MA 01863 — North Chelmsford
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 2-bedroom in 01863 carries an estimated $2,230/mo in gross rent — about a 3.17% cap rate and $13,929/yr in estimated NOI at the $439,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,163
Style
Condominium
Built
1900
This is the one! Location, space, charm, and outdoor living—this North Chelmsford condo has it all! Fall in love with this spacious and inviting home perfectly situated in the heart of historic and bustling Vinal Square. Step outside your door and enjoy a vibrant array of local favorites, including the lively atmosphere at Tequila's Mexican Grill & Cantina, classic morning eats at Rosie's Diner, and fresh flavors at BEYROOTS Mediterranean Fusion. With nearby shops, the library, Freeman Lake Beach, and Varney Playground all within easy reach, this location offers an exceptional, walkable lifestyle. Beyond its incredible neighborhood charm, this property offers excellent long-term value and a smart financial opportunity, particularly for a graduate student looking to invest in their future. Rather than throwing money away on rent, this two-bedroom, two-full-bath home allows you to build equity while studying. The thoughtful layout offers immense flexibility, providing the perfect balance of privacy and shared space for a stable roommate arrangement or comfortable multi-generational living. Inside, you’ll be welcomed by gleaming hardwood floors, sparkling tile, and a warm, comfortable layout. The kitchen is ready for your inner chef, featuring gas cooking, granite countertops, a peninsula, and abundant cabinet and counter space. The fireplaced living room offers a charming window seat, while the dining room showcases a classic built-in hutch—perfect for quiet study sessions, gatherings, and everyday meals. Central air keeps things comfortable, and a new gas heating system installed this past winter adds absolute peace of mind. And then there’s the fantastic outdoor space! The large, level yard offers room to garden, entertain, play, or simply relax. Enjoy your morning coffee on the front wraparound porch or unwind on the rear deck at the end of a busy day. Commuting is a breeze with easy access to Route 3, I-495, and the Lowell Commuter Rail station, plus ample driveway parking. Its great proximity to UMass Lowell and major transit routes ensures this home will always be a highly desirable and enduring asset. This special North Chelmsford property truly checks all the boxes—just unpack and move right in!
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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 15
Flooring - Hardwood, Window Seat
Dining Room
Lvl First15 x 12
Flooring - Hardwood
Kitchen
Lvl Main,First18 x 17
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Peninsula
Primary Bedroom
Lvl First13 x 12
Flooring - Hardwood
Bedroom 2
Lvl First13 x 12
Bathroom 1
Lvl FirstBathroom 2
Lvl FirstProperty History
$439,900
Sep 16, 2026
MLS® 73578526
$475,000
Jul 8, 2026
MLS® 73498250
$475,000
Apr 8, 2026
MLS® 73498250
$479,900
Dec 14, 2025
MLS® 73461260
$479,900
Dec 10, 2025
MLS® 73461260
Listing Agent: Gerald Barrett
Listing Office: Barrett, Chris. J., REALTORS®
MLS® Number: 73578526