238 Chelsea Street, Everett, MA 02149

Building Details

Year Built

1970

Listing office Northeast Private Client Group,LLC

Listing date Feb 6, 2026

Source Stevebremis

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Everett

County

Middlesex

State

Massachusetts

Longitude

-71.0459592

Latitude

42.4032892

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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.