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    103-105 Broadway Chelsea, MA 02150

    For Sale
    $2,250,000

    Turnkey multifamily property with retail space in Chelsea, Massachusetts.

    Lot size:
    0.06 Acres

    Property Features for 103-105 Broadway

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    Source: Douglas Elliman Real Estate - The Sarkis Team Agent The Sarkis Team

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chelsea Multifamily and Retail Property

    This is a turnkey multifamily property located in Chelsea, featuring a fully renovated brick row house with historical charm. The property includes 5 residential units and 1 commercial space, providing a diversified income stream. The residential units have been updated while preserving the building's classic character. Each unit is equipped with central heat, mini-splits, and tankless systems. Tenants have access to common laundry facilities and a shared large deck. The commercial space includes a built-out kitchen, office, and additional storage. The property is located minutes from public transportation, including the Silver Line and Commuter Rail, with easy access to Logan Airport, downtown Boston, and surrounding areas, making it suitable for commuters and a long-term investment.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0414757
    Latitude
    42.3884777

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    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property with retail space in Chelsea, Massachusetts.
    Where is this apartment building located?
    The property is located at 103-105 Broadway Chelsea, MA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Strong, diversified income stream from 5 residential units and 1 commercial space.; - Fully renovated, turnkey property in the heart of Chelsea.; - Ideally located near public transportation (Silver Line, Commuter Rail) with easy access to Logan Airport and downtown Boston.
    (617) 875-4950
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    103-105 Broadway Chelsea, MA 02150
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    Realmo Value Estimation

    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.

    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.

    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
    103-105 Broadway Chelsea, MA 02150
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