Mixed-Use Asset in Chelsea
11 Williams Street Chelsea, Chelsea, MA 02150
Well-maintained mixed-use property with commercial and residential units.
Property size:
4,060 SFPrice / SF:
$319/SF- Added:
- May 16, 2026
- Days on Market:
- 14
- Last Refresh:
- May 16 at 2:44 am
Property Features for 11 Williams Street Chelsea
General Information
- Standard status
- Active
- Size
- 4,060 SF
Building Details
- Year Built
- 1915
Listing agent Stephen Rose (508) 501-1443
Listing office (508) 501-1443
Listing date May 16, 2026
Source Milestonerealtyinc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Stephen Rose
HighLights
- Strategic Chelsea location, just minutes from Logan Airport and downtown Boston.
- Long‑standing commercial tenant (El Carriel Bar) with a recently exercised 5‑year renewal option and scheduled rent increases.
- Mixed‑use property featuring a commercial space and four residential units (one 1‑bedroom and three 2‑bedroom).
- All residential units feature separately metered utilities, paid directly by tenants.
- Well‑maintained brick building constructed in 1915.
- Proven tenant stability and consistent income growth from commercial tenant.
Overview
This mixed-use property is located in a strategic Chelsea location, approximately 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property features a commercial space on the ground floor, currently occupied by El Carriel Bar, which has been operating at this location since 2018 and has recently exercised a 5-year renewal option with scheduled annual rent increases. Above the commercial space is a 1-bedroom residential unit. The adjacent structure includes three 2-bedroom/1-bath units. Each unit is separately metered for electricity, heat, and hot water, with tenants responsible for these utilities. The owner covers water and sewer expenses, with the commercial tenant reimbursing 66.67% for 9–11 Williams and 23 Division. The property is a brick building with a total size of 4060 square feet. Continued investment and development in Chelsea further support the property’s long-term upside.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.1k | $32.04 |
| − Vacancy | −$9.0k | −$2.21 |
| EGI | $121.1k | $29.83 |
| − OpEx | −$30.3k | −$7.46 |
| NOI | $90.8k | $22.37 |
4,060 SF · lease $32.04/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,830 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.01M
$881.6K – $1.18M
NOI $70,527 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,245 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
El Carriel Bar
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0390414
- Latitude
- 42.3881108
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 11 Williams Street Chelsea Chelsea, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Strategic Chelsea location, just minutes from Logan Airport and downtown Boston.; Long‑standing commercial tenant (El Carriel Bar) with a recently exercised 5‑year renewal option and scheduled rent increases.; Mixed‑use property featuring a commercial space and four residential units (one 1‑bedroom and three 2‑bedroom).
