Four-Unit Brick
168 Pearl Street, Chelsea, MA 02150
For Sale
New
$1,050,000
The fully occupied residential building contains four apartments under tenant-at-will agreements.
Property Size3,042 SF
Price / SF$345.17
Days on Market3
Property Features for 168 Pearl Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Marcus & Millichap Real Estate Investment Services
(617) 896-7200
Listed By:
Evan Griffith · License MA #9521845
(617) 501-8895
Source:
Isosrealty
Added: Nov 11
Last Checked: Nov 13 at 2:32AM
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 Marcus & Millichap Real Estate Investment Services
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Investment Insights
Based on property information with market context.
At 168 Pearl Street, this brick quadplex contains four one-bedroom, one-bathroom apartments within 3,042 square feet. Built in 1910, the building is fully occupied, with all units held under tenant-at-will agreements.
The property is in Chelsea, Massachusetts, with a short walk to an MBTA bus line. The location also offers access to Logan Airport, Downtown Boston, and Cambridge and Somerville.
The property is in Chelsea, Massachusetts, with a short walk to an MBTA bus line. The location also offers access to Logan Airport, Downtown Boston, and Cambridge and Somerville.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 3,042 square feet in a brick building
- 100% occupied; all apartments are under tenant‑at‑will agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,954
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,080
$1.2M
Cap Rate 7%
$827,914
$827.9K
Cap Rate 9%
$643,933
$643.9K
Market Conditions
NOI Build-Up for 3,042 SF
Gross rent
$87.6K $28.80/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$82.8K $27.22/SF
− OpEx
−$24.8K −$8.16/SF
NOI
$58.0K $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 Rate 5%
$1,159,080
Cap Rate 7%
$827,914
Cap Rate 9%
$643,933
Alternative Uses
Best Use
Multifamily LT 5
$827.9K
$724.4K – $965.9K
NOI $57,954 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$754.9K
$660.5K – $880.7K
NOI $52,843 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,060 @ 7.0% cap · market cap 12.01%
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
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
$476,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Suffolk County, MA
Properties on Market for Quadplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The fully occupied residential building contains four apartments under tenant-at-will agreements.
Where is this quadplex located?
The property is located at 168 Pearl Street Chelsea, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 3,042 square feet in a brick building; 100% occupied; all apartments are under tenant‑at‑will agreements
