Everett Multifamily Investment
238 Chelsea St, Everett, MA 02149
26-unit apartment building in Everett with value-add potential.
Type:Multifamily
Property size:
16,500 SFLot size:
0.34 AcresPrice / SF:
$484/SF- Added:
- Feb 17, 2026
- Days on Market:
- 85
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 238 Chelsea St
General Information
- Standard status
- Active
- Size
- 16,500 SF
- Lot size
- 0.34 Acres
- Property subtype
- Multifamily
Listing agent Anthony Rakuskas License #9588289
Listing office NorthEast Private Client Group Shelton
Listing date Feb 17, 2026
Source Crexi
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 NorthEast Private Client Group Shelton
HighLights
- Significant opportunity to increase rents, with studios averaging $685 and one‑bedrooms averaging $637 below market.
- Prime location directly north of Boston with easy access to Route 1, MBTA Orange Line, and Chelsea Train Station.
- Fully deleaded 3‑story brick building constructed in 1970.
- Consists of (20) studio apartments and (6) one‑bedroom units.
- Includes tenant amenities such as off‑street parking and coin‑op laundry.
- Located less than 2 miles from Wynn Casino and near new developments.
Overview
The Chelsea Street Apartments, located at 238 Chelsea Street in Everett, Massachusetts, present a multifamily investment opportunity. The 3-story brick building, constructed in 1970, is situated on a 0.34-acre (14,810 SF) lot. The property contains 20 studio apartments and 6 one-bedroom units. Residents have access to off-street parking and coin-operated laundry facilities. The building is located less than 2 miles from the Wynn Casino and near new developments including The Pioneer, Jade, and Anthem Everett. The property is located directly north of Boston, with convenient access to Route 1, the MBTA Orange Line, and the Chelsea Train Station. There is an opportunity to increase rents to market rates. The current average rent for studio apartments is $1,674 per month, while the fair market rent for a studio in Everett is $2,359. The current average rent for one-bedroom apartments is $1,838 per month, compared to the fair market rent of $2,475.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0459592
- Latitude
- 42.4032892
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 26-unit apartment building in Everett with value-add potential.
Where is this apartment building located?
The property is located at 238 Chelsea St Everett, MA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Significant opportunity to increase rents, with studios averaging $685 and one‑bedrooms averaging $637 below market.; Prime location directly north of Boston with easy access to Route 1, MBTA Orange Line, and Chelsea Train Station.; Fully deleaded 3‑story brick building constructed in 1970.
