Chelsea Multi-Family Investment
For Sale
$1,099,000
Pending
230 Chestnut St, Chelsea, MA 02150
Multi-family property with cash-flow potential near transportation and amenities.
Property Size4,164 SF
Lot Size0.05 Acres
Days on Market312
Property Features for 230 Chestnut St
General Information
Standard status
Pending
Size
4,164 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,076
Building Details
Building Size
4,164 SF
Year Built
1920
Stories
6
Units
3
Listed By:
Ventsi Kichikov
(617) 851-3972
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 5 at 7:40PM
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 Ventsi Kichikov
Investment Insights
Based on property information with market context.
This multi-family property features 9 bedrooms and 3 bathrooms distributed across 3 units. Each unit is equipped with separate heating, hot water, and electricity. The heating system utilizes gas. The roof is approximately 4 years old. On and off-street parking options are available. The property is located near schools and shopping centers, and is a 3-minute walk to the bus stop with routes to multiple destinations, and only minutes from Boston and major highways. This property is located directly next to a residential parking lot named after the original owner of this property Grant Bennett Jr. This property is suitable for investors or owner-occupants, offering rental potential in a Chelsea location.
Key Highlights
- Excellent cash‑flow potential from a multi‑family property with 3 units.
- Prime location in Chelsea near schools, shopping, and transportation (bus to multiple destinations, minutes from Boston and major highways).
- Separate heating, hot water, and electricity for each of the 3 units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,329
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,580
$1.6M
Cap Rate 7%
$1,133,271
$1.1M
Cap Rate 9%
$881,433
$881.4K
Market Conditions
NOI Build-Up for 4,164 SF
Gross rent
$119.9K $28.80/SF
− Vacancy
−$6.6K −$1.58/SF
EGI
$113.3K $27.22/SF
− OpEx
−$34.0K −$8.16/SF
NOI
$79.3K $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%
$1,586,580
Cap Rate 7%
$1,133,271
Cap Rate 9%
$881,433
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$991.6K – $1.32M
NOI $79,329 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.03M
$904.2K – $1.21M
NOI $72,334 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,555 @ 7.0% cap · market cap 15.70%
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
2,079
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
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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?
Multifamily property - Multi-family property with cash-flow potential near transportation and amenities.
Where is this multifamily property located?
The property is located at 230 Chestnut St Chelsea, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Excellent cash‑flow potential from a multi‑family property with 3 units.; Prime location in Chelsea near schools, shopping, and transportation (bus to multiple destinations, minutes from Boston and major highways).; Separate heating, hot water, and electricity for each of the 3 units.
