Mixed-Use Brick Building with
144 Chelsea Street Boston, MA 02128
144 Chelsea Street, Boston, MA, 02128
$1,590,000
For Sale
$1,590,000
Mixed-use brick building with four one-bedroom units and a ground-floor beauty salon, with all units currently leased.
Property Size3,102 SF
Price / SF$512.57
Days on Market140
Property Features for 144 Chelsea Street
General Information
- Standard status
- Active
- Size
- 3,102 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1896
Listing agency
Perlera Real Estate
Listed by
Saul Perlera
(617) 680-0690
Source
Inrealtyinc
Added: Mar 3 Updated: Jul 21 at 12:10PM Checked: Jul 21 at 12:10PM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
This mixed-use brick building offers four residential units and one commercial space. The commercial unit is currently operating as a beauty salon. There are four one-bedroom apartments, each with separate utilities. Heating is provided by a combination of older hot-water baseboard gas-heating systems and a newer on-demand heating system. Additional property features include a rubber roof.
A one-car garage is located at the rear of the building and is accessible via a common alleyway.
All units are currently rented, with leases in place. The property is described as being within a short distance of the Airport, Maverick T Station, Greenway Park, and the YMCA.
A one-car garage is located at the rear of the building and is accessible via a common alleyway.
All units are currently rented, with leases in place. The property is described as being within a short distance of the Airport, Maverick T Station, Greenway Park, and the YMCA.
Key Highlights
- Mixed‑use brick building (c. 1896) with 4 one‑bedroom residential units plus 1 ground‑floor commercial space
- Commercial unit currently operating as a beauty salon; all units are currently rented with leases in place
- Four one‑bedroom units, each with separate utilities
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.3k | $37.80 |
| − Vacancy | −$5.3k | −$1.70 |
| EGI | $112.0k | $36.10 |
| − OpEx | −$33.6k | −$10.83 |
| NOI | $78.4k | $25.27 |
3,102 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.8K – $1.31M
NOI $78,385 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$1.04M
$910.9K – $1.21M
NOI $72,872 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,594 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Luzess Beauty Salon ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use brick building with four one-bedroom units and a ground-floor beauty salon, with all units currently leased.
Where is this quadplex located?
The property is located at 144 Chelsea Street Boston, MA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Mixed‑use brick building (c. 1896) with 4 one‑bedroom residential units plus 1 ground‑floor commercial space; Commercial unit currently operating as a beauty salon; all units are currently rented with leases in place; Four one‑bedroom units, each with separate utilities
