Mixed-Use Building with Street-Level
152-154 Chelsea Street Boston, MA 02128
152-154 Chelsea Street, Boston, MA, 02128
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For Sale
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Six-unit mixed-use property with apartments over a street-level retail storefront and an adjoining parking lot.
Property Size4,650 SF
Price / SF$494.62
Days on Market9
Property Features for 152-154 Chelsea Street
General Information
- Standard status
- Active
- Size
- 4,650 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1902
Listing Agency
NorthEast Private Client Group Newton
(857) 990-6800
Listed by
Patrick Wheeler · License #9552789
Source
Crexi
Added: Jul 9 Checked: Jul 17 at 12:59 pm
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 NorthEast Private Client Group Newton
Investment Insights
Based on property information with market context.
152-154 Chelsea Street is a six-unit mixed-use building with apartments positioned above a street-level retail storefront. The residential mix includes three one-bedroom units and two two-bedroom units, with income-producing on-site parking included through an adjoining parking lot.
Tenants are responsible for their own heat and electric, helping keep operating expenses relatively contained. The offering also benefits from additional parking-lot income reported at $4,800 per year.
The property is located in East Boston, approximately two miles from downtown Boston, with the area described as a workforce-housing hub supported by nearby major employment and transit access.
Tenants are responsible for their own heat and electric, helping keep operating expenses relatively contained. The offering also benefits from additional parking-lot income reported at $4,800 per year.
The property is located in East Boston, approximately two miles from downtown Boston, with the area described as a workforce-housing hub supported by nearby major employment and transit access.
Key Highlights
- 6‑unit mixed‑use building with apartments over a street‑level retail storefront plus an adjoining parking lot
- Apartment mix includes (3) 1‑bedroom and (2) 2‑bedroom units over the retail space
- On‑site parking lot generates $4,800/year of additional income
Local Financial Insights For Mixed Use
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 | $195.3k | $42.00 |
| − Vacancy | −$13.7k | −$2.94 |
| EGI | $181.6k | $39.06 |
| − OpEx | −$68.1k | −$14.65 |
| NOI | $113.5k | $24.41 |
4,650 SF · lease $42.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.62M
$1.42M – $1.89M
NOI $113,518 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,238 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,734 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Apartment building - Six-unit mixed-use property with apartments over a street-level retail storefront and an adjoining parking lot.
Where is this apartment building located?
The property is located at 152-154 Chelsea Street Boston, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6‑unit mixed‑use building with apartments over a street‑level retail storefront plus an adjoining parking lot; Apartment mix includes (3) 1‑bedroom and (2) 2‑bedroom units over the retail space; On‑site parking lot generates $4,800/year of additional income
