Three-Unit
New
For Sale
$875,000
188 Clark Ave, Chelsea, MA 02150
Each residence contains three bedrooms, offering a consistent layout across the property.
Property Size2,664 SF
Days on Market2
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Property Features for 188 Clark Ave
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Multifamily
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,403
Amenities
3 x 3BR
Building Details
Building Size
2,664 SF
Year Built
1900
Listing Agency:
Perlera Real Estate
Listed By:
Arquimides Chinchilla · License #9061399
(617) 970-6278
Source:
Classifiedrealtygroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:19AM
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 triplex in Chelsea contains three separate units, each with three bedrooms. The building dates to 1900, and its three-unit configuration supports rental or owner-occupant use.
Key Highlights
- Three units, each with three bedrooms
- Built in 1900
- Located at 188 Clark Ave in Chelsea, MA 02150
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,752
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,040
$1.0M
Cap Rate 7%
$725,029
$725.0K
Cap Rate 9%
$563,911
$563.9K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$76.7K $28.80/SF
− Vacancy
−$4.2K −$1.58/SF
EGI
$72.5K $27.22/SF
− OpEx
−$21.8K −$8.16/SF
NOI
$50.8K $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%
$1,015,040
Cap Rate 7%
$725,029
Cap Rate 9%
$563,911
Alternative Uses
Best Use
Multifamily LT 5
$725.0K
$634.4K – $845.9K
NOI $50,752 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$661.1K
$578.5K – $771.3K
NOI $46,277 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,395 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,283
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence contains three bedrooms, offering a consistent layout across the property.
Where is this triplex located?
The property is located at 188 Clark Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three units, each with three bedrooms; Built in 1900; Located at 188 Clark Ave in Chelsea, MA 02150
