Triplex with Expansive Roof
For Sale
$1,125,000
Pending
227 Chelsea St, Boston, MA 02128
Three residential units support rental income, owner occupancy, or a combination of both.
Property Size3,127 SF
Days on Market48
Property Features for 227 Chelsea St
General Information
Standard status
Pending
Size
3,127 SF
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$10,291
Building Details
Building Size
3,127 SF
Year Built
1910
Listing Agency:
Keller Williams Realty Boston-Metro | Back Bay
Listed By:
Fine Homes Group
(617) 542-0012
Source:
Classifiedrealtygroup
Added: Aug 20
Changed: Sep 26
Last Checked: Oct 5 at 3:51PM
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 Keller Williams Realty Boston-Metro | Back Bay
Investment Insights
Based on property information with market context.
Located at 227 Chelsea St in East Boston, this 1910 triplex contains three residential units with layouts suited to either full rental operation or owner occupancy of one unit alongside the others. Interior details include bay windows, eat-in kitchens, hardwood flooring, rear sunrooms, French doors, and built-in features. The property is described as nicely maintained and includes an expansive roof deck with 360-degree views toward the Boston skyline.
The home is near Maverick Square and Jeffries Point, with restaurants, bakeries, markets, and daily conveniences in the surrounding area. East Boston Greenway, the East Boston Public Library, the YMCA, and Logan Airport T Station are also nearby. MBTA and bus service connect the area with downtown and Logan Airport, while the Greenway provides local biking and pedestrian access. A city gym with an indoor pool is available to residents at no cost.
The home is near Maverick Square and Jeffries Point, with restaurants, bakeries, markets, and daily conveniences in the surrounding area. East Boston Greenway, the East Boston Public Library, the YMCA, and Logan Airport T Station are also nearby. MBTA and bus service connect the area with downtown and Logan Airport, while the Greenway provides local biking and pedestrian access. A city gym with an indoor pool is available to residents at no cost.
Key Highlights
- Three‑unit property with rental and owner‑occupant use options
- Expansive roof deck with 360‑degree views of the Boston skyline
- Bay windows, hardwood floors, French doors, and built‑in details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,017
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,340
$1.6M
Cap Rate 7%
$1,128,814
$1.1M
Cap Rate 9%
$877,967
$878.0K
Market Conditions
NOI Build-Up for 3,127 SF
Gross rent
$118.2K $37.80/SF
− Vacancy
−$5.3K −$1.70/SF
EGI
$112.9K $36.10/SF
− OpEx
−$33.9K −$10.83/SF
NOI
$79.0K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,340
Cap Rate 7%
$1,128,814
Cap Rate 9%
$877,967
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.7K – $1.32M
NOI $79,017 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$1.05M
$918.3K – $1.22M
NOI $73,460 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,905 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units support rental income, owner occupancy, or a combination of both.
Where is this triplex located?
The property is located at 227 Chelsea St Boston, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑unit property with rental and owner‑occupant use options; Expansive roof deck with 360‑degree views of the Boston skyline; Bay windows, hardwood floors, French doors, and built‑in details
