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Multifamily City-Block Apartment Building
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31-47 Louis St, Chelsea, MA 02150

Apartment community on a full city block, with unobstructed waterfront views near Chelsea Creek.

Property SizeContact for details
Days on Market138

Property Features for 31-47 Louis St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Seth Richard · License #NY 10401275108
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 10:17AM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

The Louis Street Apartments comprise a residential property spanning a full city block that is approximately 290 feet long. The offering includes an apartment community with views described as unobstructed from the Chelsea Creek area.

The property is located at 31–47 Louis St in Chelsea, MA, about 100 yards from the water’s edge of Chelsea Creek, which connects to Boston Harbor. The public remarks note panoramic views that include Boston Harbor and surrounding areas such as East Boston, Logan Airport, South Boston, downtown Boston, and Charlestown.

This is a for-sale multifamily asset presented as a full-block ownership opportunity in Chelsea, MA, with the waterfront-adjacent outlook highlighted as a key characteristic of the property.

Key Highlights

  • Apartment community on a full city block in Chelsea, MA that is 290 feet long
  • Located about 100 yards from the water’s edge of Chelsea Creek
  • Chelsea Creek connects to Boston Harbor

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm HVAC Service Accounting Firm Gym & Fitness Center (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

933
Businesses Nearby

Demographics for 02150, MA

40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Apartment community on a full city block, with unobstructed waterfront views near Chelsea Creek.
Where is this multifamily property located?
The property is located at 31-47 Louis St Chelsea, MA.
What are key features of this property?
This property features: Apartment community on a full city block in Chelsea, MA that is 290 feet long; Located about 100 yards from the water’s edge of Chelsea Creek; Chelsea Creek connects to Boston Harbor
More about this property
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