Two-Unit Duplex with
13 Cheever St, Chelsea, MA 02150
For Sale
New
$810,000
The ground-floor residence is scheduled for delivery vacant, while both units currently have two bedrooms.
Property Size2,352 SF
Price / SF$344.39
Days on Market1
Property Features for 13 Cheever St
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Full
2
No
3
4
Public Record
2352
Public
0.07
Paved Drive,Off Street,Tandem,Paved
Block
Building Details
Building Size
Year Built
Stories
Listing Agency:
Pena Realty Corporation
Listed By:
Jose Clavel
Source:
Popularproperties
Added: Nov 7
Last Checked: Nov 7 at 2:11PM
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 Pena Realty Corporation
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Investment Insights
Based on property information with market context.
This 2,352-square-foot, two-family property in Chelsea contains two residences, each with two bedrooms. The first-floor unit will be vacant at transfer. Hardwood floors are present, and the electrical system and heating have been updated. Improvements also include a newer roof, recently added front and side porches, and low-maintenance siding. The property dates to 1920 and occupies a 0.07-acre lot.
Off-street parking is available, with highway access and downtown a short distance away. The property is zoned R1. Both units may offer the possibility of a third bedroom, subject to the applicable requirements and feasibility.
Off-street parking is available, with highway access and downtown a short distance away. The property is zoned R1. Both units may offer the possibility of a third bedroom, subject to the applicable requirements and feasibility.
Key Highlights
- Two units, each currently configured with two bedrooms
- First‑floor unit to be delivered vacant
- 2,352 square feet on a 0.07‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,808
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,160
$896.2K
Cap Rate 7%
$640,114
$640.1K
Cap Rate 9%
$497,867
$497.9K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$67.7K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$64.0K $27.22/SF
− OpEx
−$19.2K −$8.16/SF
NOI
$44.8K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,160
Cap Rate 7%
$640,114
Cap Rate 9%
$497,867
Alternative Uses
Best Use
Multifamily LT 5
$640.1K
$560.1K – $746.8K
NOI $44,808 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$583.7K
$510.7K – $681.0K
NOI $40,857 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
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
$476,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Suffolk County, MA
Properties on Market for Duplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The ground-floor residence is scheduled for delivery vacant, while both units currently have two bedrooms.
Where is this duplex located?
The property is located at 13 Cheever St Chelsea, MA.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Two units, each currently configured with two bedrooms; First‑floor unit to be delivered vacant; 2,352 square feet on a 0.07‑acre lot
