Triplex with Updated
For Sale
$775,000
80 Fremont Ave, Chelsea, MA 02150
Heating and electrical systems have been recently updated; hardwood floors and high ceilings remain.
Property Size3,252 SF
Price / SF$238.31
Days on Market35
Property Features for 80 Fremont Ave
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
does need updating
Additional Details
Multifamily Units
3
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Todd Mello, Lion Gate Real Estate, Inc
(781) 961-6667
Listed By:
Moor Realty Group
(781) 961-6667
Source:
Moorrealty
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 29 at 9:03AM
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 Todd Mello, Lion Gate Real Estate, Inc
Investment Insights
Based on property information with market context.
This 3,252-square-foot triplex, built in 1928, includes a two-level owner’s unit and a five-room apartment on the first floor. Large rooms, high ceilings, and hardwood floors retain the property’s original character, while the heating system and electrical service have been recently updated. A basement with exceptionally high ceilings may offer the possibility of creating two additional levels, subject to applicable approvals.
The property sits on a large lot at 80 Fremont Ave in Chelsea, Massachusetts. The site also includes a side lot identified for potential expansion, although any additional development would require applications and approval through the City of Chelsea. Existing property violations are being addressed, with some work completed. The home will not pass FHA requirements.
The property sits on a large lot at 80 Fremont Ave in Chelsea, Massachusetts. The site also includes a side lot identified for potential expansion, although any additional development would require applications and approval through the City of Chelsea. Existing property violations are being addressed, with some work completed. The home will not pass FHA requirements.
Key Highlights
- 3,252 SF triplex built in 1928
- Two‑level owner’s unit plus 5‑room first‑floor apartment
- Heating system and electrical service recently updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,100
$1.2M
Cap Rate 7%
$885,071
$885.1K
Cap Rate 9%
$688,389
$688.4K
Market Conditions
NOI Build-Up for 3,252 SF
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.
Gross rent
$93.7K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$88.5K $27.22/SF
− OpEx
−$26.6K −$8.16/SF
NOI
$62.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,100
Cap Rate 7%
$885,071
Cap Rate 9%
$688,389
Alternative Uses
Best Use
Multifamily LT 5
$885.1K
$774.4K – $1.03M
NOI $61,955 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$807.0K
$706.1K – $941.5K
NOI $56,491 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,762 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
928
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Heating and electrical systems have been recently updated; hardwood floors and high ceilings remain.
Where is this triplex located?
The property is located at 80 Fremont Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,252 SF triplex built in 1928; Two‑level owner’s unit plus 5‑room first‑floor apartment; Heating system and electrical service recently updated
