Three-Unit Townhouse
18 Suffolk St, Chelsea, MA 02150
For Sale
$1,090,000
Pending
Includes a three-bedroom, two-bath home, a two-bedroom townhouse, and a one-bedroom walk-in apartment.
Property Size3,436 SF
Days on Market56
Property Features for 18 Suffolk St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Mastrocola Management, Inc.
Listed By:
Frank Mastrocola
(781) 396-1010
Source:
413realestate
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 8 at 3:09AM
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 Mastrocola Management, Inc.
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Investment Insights
Based on property information with market context.
This 3,436-square-foot triplex, built in 1987, contains three distinct residential layouts. The largest unit offers three bedrooms, two full baths, and natural-stained doors and trim. A separate two-bedroom townhouse and a one-bedroom walk-in apartment complete the property, providing a range of unit sizes within one building.
Located at 18 Suffolk Street in Chelsea, the property is described as being in a waterfront setting. The building previously operated as three condominiums, and the prior association documents may provide a basis for exploring a similar structure, subject to attorney review. Unit 1 is currently vacant and was digitally staged for photography.
Located at 18 Suffolk Street in Chelsea, the property is described as being in a waterfront setting. The building previously operated as three condominiums, and the prior association documents may provide a basis for exploring a similar structure, subject to attorney review. Unit 1 is currently vacant and was digitally staged for photography.
Key Highlights
- 3,436‑square‑foot triplex at 18 Suffolk Street, Chelsea, MA 02150
- Built in 1987
- Unit mix includes three‑bedroom, two‑bedroom, and one‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,460
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,200
$1.3M
Cap Rate 7%
$935,143
$935.1K
Cap Rate 9%
$727,333
$727.3K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$99.0K $28.80/SF
− Vacancy
−$5.4K −$1.58/SF
EGI
$93.5K $27.22/SF
− OpEx
−$28.1K −$8.16/SF
NOI
$65.5K $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%
$1,309,200
Cap Rate 7%
$935,143
Cap Rate 9%
$727,333
Alternative Uses
Best Use
Multifamily LT 5
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$852.7K
$746.1K – $994.8K
NOI $59,687 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,387 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
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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
$476,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Suffolk County, MA
Properties on Market for Triplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Includes a three-bedroom, two-bath home, a two-bedroom townhouse, and a one-bedroom walk-in apartment.
Where is this triplex located?
The property is located at 18 Suffolk St Chelsea, MA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: 3,436‑square‑foot triplex at 18 Suffolk Street, Chelsea, MA 02150; Built in 1987; Unit mix includes three‑bedroom, two‑bedroom, and one‑bedroom residences
