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238 Chelsea Street Everett, MA 2149

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For Sale
$7,250,000

26-unit apartment building near Boston with value-add potential.

Type:Multi-family
Property size:
15,372 SF
Lot size:
0.34 Acres
Price / SF:
$471/SF
Added:
Feb 6, 2026
Days on Market:
77
Last Refresh:
Apr 21 at 6:07 am

Property Features for 238 Chelsea Street

General Information

Standard status
Active
Size
15,372 SF
Lot size
0.34 Acres
Property subtype
Multi-family

Building Details

Year Built
1970

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Listing Contact
Drew Kirkland

Listing agent Drew Kirkland

Listing office Northeast Private Client Group,LLC

Listing date Feb 6, 2026

Source Stevebremis

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,LLC


Overview

Everett Multifamily Investment Opportunity

The Chelsea Street Apartments, located at 238 Chelsea Street in Everett, Massachusetts, offer an investment opportunity in a multifamily property. Situated directly north of Boston, the property benefits from its proximity to Route 1 and convenient access to the MBTA Orange Line and Chelsea Train Station. Constructed in 1970, this three-story brick building contains 26 units: 20 studio apartments and 6 one-bedroom apartments. The building is fully deleaded and sits on a 0.34-acre lot, which is equivalent to 14,810 square feet. Residents have access to off-street parking and coin-operated laundry facilities. The property is located less than 2 miles from the Wynn Casino and near new developments, including The Pioneer, Jade, and Anthem Everett. The current average rent for studio apartments is $1,674 per month, while the fair market rent in Everett is $2,359. The current average rent for one-bedroom apartments is $1,838 per month, while the fair market rent in Everett is $2,475. The building size is 15,372 square feet.
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Location Insight

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City
Everett
County
Middlesex
State
Massachusetts
Longitude
-71.0459592
Latitude
42.4032892

FAQs

What type of property is this?
Apartment building - 26-unit apartment building near Boston with value-add potential.
Where is this apartment building located?
The property is located at 238 Chelsea Street Everett, MA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Significant opportunity to increase rents to market rates, with potential gains of $685/month per studio and $637/month per one‑bedroom unit.; Located in close proximity to Boston, Route 1, MBTA Orange Line, and Chelsea Train Station, offering convenient transportation options.; Property consists of 20 studio apartments and 6 one‑bedroom units, providing a diverse tenant base.
More about this property
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