Brick Three-Unit Apartment
For Sale
$1,299,000
141 Hawthorne St, Chelsea, MA 02150
Spacious apartments feature updated kitchens, while residents handle their own utility costs.
Property Size3,565 SF
Price / SF$364.38
Days on Market131
Property Features for 141 Hawthorne St
General Information
Standard status
Active
Size
3,565 SF
Property subtype
Multi-Family
Zoning
BR
Net Operating Income
$105,600
Taxes and HOA fees
Annual Taxes
$13,948
Building Details
Building Size
3,565 SF
Year Built
1910
Stories
3
Listing Agency:
Coldwell Banker Realty - Brookline
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 1:11PM
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 Coldwell Banker Realty - Brookline
Investment Insights
Based on property information with market context.
This brick triplex contains three apartments, each with 3 bedrooms. Two units have been remodeled and include 2 baths apiece, while the kitchens have been updated from their original condition. The property measures 3565 SF and was built in 1910.
Located at 141 Hawthorne St in Chelsea’s Broadway area, the property offers access to local amenities, bus service, and the Silver Line to Boston. Residents pay their own utilities, providing a clearly defined utility arrangement for the property.
Located at 141 Hawthorne St in Chelsea’s Broadway area, the property offers access to local amenities, bus service, and the Silver Line to Boston. Residents pay their own utilities, providing a clearly defined utility arrangement for the property.
Key Highlights
- Three apartments, each with 3 bedrooms
- Two remodeled apartments with 2 baths each
- Brick exterior and 3565 SF of building area
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
$67,918
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
5.23%
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%
$1,358,360
$1.4M
Cap Rate 7%
$970,257
$970.3K
Cap Rate 9%
$754,644
$754.6K
Market Conditions
NOI Build-Up for 3,565 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
$102.7K $28.80/SF
− Vacancy
−$5.6K −$1.58/SF
EGI
$97.0K $27.22/SF
− OpEx
−$29.1K −$8.16/SF
NOI
$67.9K $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%
$1,358,360
Cap Rate 7%
$970,257
Cap Rate 9%
$754,644
Alternative Uses
Best Use
Multifamily LT 5
$970.3K
$849.0K – $1.13M
NOI $67,918 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$884.7K
$774.1K – $1.03M
NOI $61,928 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,733 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,941
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 - Spacious apartments feature updated kitchens, while residents handle their own utility costs.
Where is this triplex located?
The property is located at 141 Hawthorne St 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: Three apartments, each with 3 bedrooms; Two remodeled apartments with 2 baths each; Brick exterior and 3565 SF of building area
