Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37 Maverick St Chelsea, MA 02150

    View on Map
    Claim this Listing
    For Sale
    $1,099,988

    MULTI_FAMILY - Chelsea, MA

    Property size:
    3,045 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $361/SF
    Added:
    Mar 11, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 27 at 1:06 am

    Property Features for 37 Maverick St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 7, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 9, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 2
    Standard status
    Active
    APN
    1286445
    Size
    3,045 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9816

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3

    We can help!

    Listing Contact
    Christina Hill

    Listing agent Christina Hill

    Listing office Keller Williams Realty Boston Northwest 20 University Rd, Suite 500, Concord, MA

    Listing date Mar 11, 2026

    MLS# 73485149 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chelsea Multi-Family Investment Opportunity

    This well-maintained 3-family home is located in Chelsea. The property contains 9 bedrooms and 3 full baths. Each unit features spacious layouts with large kitchens, living areas, and three bedrooms. The building has separate gas heating systems, hot water heaters, and electrical panels. All units are de-leaded. Recent updates include a kitchen update, new paint, sanded floors, and newer appliances, along with additional interior updates. The property has a strong tenant rental history with rental income potential. It is conveniently located near schools, shopping, public transportation, Route 1, Route 1A, and the Silver Line, and is just minutes from Boston. The third floor will be delivered vacant, and Units 1 & 2 are ready for rental income collection. The property is situated on a lot of 0.0541 acres and the property size is 3045 square feet. The zoning is R3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.033396
    Latitude
    42.389046

    Nearby Similar for Sale

    • $700,000
      1,990 SF

      Two-Family Property Near Boston Airport

      Two-unit property with recent updates, convenient location, and parking.
      80 Maverick St, Chelsea, MA 02150
      View Details
    • $700,000

      Two-Family Property Near Boston

      Two-unit property with recent updates, convenient location near Boston.
      80 Maverick St, Chelsea, MA 02150
      View Details
    • $799,900

      Renovated Brick Rowhouse with Loft-Style Apartments

      Meticulously renovated rowhouse featuring stylish, urban loft-like apartments.
      319 Spruce St, Chelsea, MA 02150
      View Details
    • $1,299,000

      Mixed-Use Asset in Chelsea Location

      Well-maintained mixed-use property with commercial and residential units.
      11 Williams Street, Chelsea, MA 02150
      View Details
    • $799,215

      Renovated Two-Family Home

      Two-family home with renovated unit, convenient location.
      205 Webster Ave, Chelsea, MA 02150
      View Details
    • $359,000

      Centrally Located Garage For Sale

      Garage available for sale, great for contractors and tradesmen.
      155 Division St, Chelsea, MA 02150
      View Details
    • $1,099,988

      Chelsea Three-Family Home

      Well-maintained, 9-bedroom, 3-unit property in Chelsea, MA.
      37 Maverick St, Chelsea, MA 02150
      View Details
    • $1,299,000
      4,060 SF

      Chelsea Mixed-Use Asset For Sale

      Mixed-use property with commercial tenant and residential units in Chelsea.
      11 Williams Street, Chelsea, MA 02150
      View Details
    • $2,700,000

      Chelsea Multifamily Asset with Parking

      Newly constructed 6-unit multifamily property with condo finishes and parking.
      43-45 Blossom Street, Chelsea, MA 02150
      View Details
    • $1,399,000
      1,338 SF

      Chelsea Commercial Building with Redevelopment Potential

      Versatile commercial building in Chelsea's transforming downtown district.
      22 Washington Ave, Chelsea, MA 02150
      View Details
    • $1,299,000
      4,060 SF

      Mixed-Use Asset in Chelsea Location

      Well-maintained mixed-use property with commercial and residential units.
      11 Williams Street, Chelsea, MA 02150
      View Details
    • $1,299,000
      4,060 SF

      Chelsea Mixed-Use Asset For Sale

      Mixed-use property with commercial tenant and residential units in Chelsea.
      11 Williams Street, Chelsea, MA 02150
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained 3-family home in Chelsea with strong rental income.
    Where is this triplex located?
    The property is located at 37 Maverick St Chelsea, MA.
    What is the asking price?
    The asking price for this property is $1,099,988.
    What are key features of this property?
    This property features: Strong rental income potential with existing tenant history.; De‑leaded units suitable for investment or owner‑occupancy.; Three spacious units, each with three bedrooms, large kitchens, and living areas.
    (978) 369-5775
    We can help!
    Listing Contact
    Christina Hill
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!