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Bean Group
Offered at $850,000Active
beds
8
baths
3
sq ft
3,153
Built
1930

31 Library St

Chelsea, MA 02150

Upcoming open house

Sat, Oct 31 · 12:00 PM–2:00 PM

Arrive prepared. Get the October 2026 Chelsea Bean Group Buyer’s Guide before you tour.

About this home

Unbelievable investment opportunity less than three miles from beautiful downtown Boston! Located in the heart of Chelsea and just 2.25 miles over the historic Tobin from downtown!! This turnkey, rock-solid 3-family home is the perfect addition to your portfolio or could be an ideal owner-occupant setup. Finding a classic multi-family property in this location at this price point so close to the city is truly unheard of! The property features a highly rental-friendly layout: a spacious 2-bedroom unit on the 1st floor, and massive 3-bedroom units on both the 2nd and 3rd floors. Upgrades include a modern updated 3rd-floor unit that can be delivered vacant, perfect for an owner-occupant looking to live for next to nothing or a landlord ready to set market rent immediately!! All units feature strong rental history with current tenants on flexible month-to-month agreements. The property boasts well-maintained, good systems throughout, offering true peace of mind for the next savvy buyer. Don't miss your chance to own a classic Chelsea cash-flowing 3-decker under $850k with unbeatable proximity to Boston. Won't last!!!

Listing last checked: Listing updated:

Listed by Team Rovi · Real Broker MA, LLC · MLS #73594925

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Details at a glance

Interior3 property facts
Rooms
14
Flooring
Tile, Vinyl, Laminate, Hardwood
Basement
Yes · Full, Walk-Out Access, Interior Entry, Unfinished
Building4 property facts
Style
3 Family
Year built
1930
Foundation
Stone
Roof
Shingle
Land & utilities5 property facts
Lot size
0.04 acres
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
R3
Financial2 property facts
Annual taxes
$9,850
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $850,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,119 / monthAdjust
Principal & interest
$4,298
Property tax
$821
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $9,850. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Ter

    $299,000 · Jul 12, 2010

More property insights

Automated value estimate $893,231

Estimated range $852,165–$934,296.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 31 Library St

Can I request a private showing?

Request a tour of 31 Library St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.