Three-Family Residential
For Sale
$869,900
Pending
259 Chelsea St, Boston, MA 02128
Three one-bedroom units with separate utilities, rear decks, and a fenced backyard, with major updates including a recent roof.
Property Size2,118 SF
Days on Market100
Property Features for 259 Chelsea St
General Information
Standard status
Pending
Size
2,118 SF
Property subtype
Residential Income
Site & Location
Neighborhood
East Boston
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,089
Amenities
rear decks
fenced backyard
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
The TrustPoint Group
(617) 294-5081
Source:
Exprealty
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 9:36AM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
This three-family residential income property offers three one-bedroom units. The units feature functional layouts, with hardwood flooring in many areas. Utilities are separately metered for each unit, supporting independent tenant control. The first-floor unit includes an updated kitchen with white cabinetry, granite countertops, and stainless steel appliances, while the additional units offer spacious rooms and flexible living areas.
The exterior includes rear decks and a fenced backyard, providing usable outdoor space. Major updates noted include a roof approximately four years old, replacement windows completed around ten years ago, and newer water heaters.
Conveniently positioned near public transportation and shopping, with access to parks, restaurants, schools, and highway routes, the property is also described as being near the T.
The exterior includes rear decks and a fenced backyard, providing usable outdoor space. Major updates noted include a roof approximately four years old, replacement windows completed around ten years ago, and newer water heaters.
Conveniently positioned near public transportation and shopping, with access to parks, restaurants, schools, and highway routes, the property is also described as being near the T.
Key Highlights
- Three one‑bedroom units in a East Boston three‑family with separately metered utilities.
- First‑floor unit features an updated kitchen with white cabinetry, granite countertops, and stainless steel appliances.
- Rear decks plus a fenced backyard for outdoor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,520
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,400
$1.1M
Cap Rate 7%
$764,571
$764.6K
Cap Rate 9%
$594,667
$594.7K
Market Conditions
NOI Build-Up for 2,118 SF
Gross rent
$80.1K $37.80/SF
− Vacancy
−$3.6K −$1.70/SF
EGI
$76.5K $36.10/SF
− OpEx
−$22.9K −$10.83/SF
NOI
$53.5K $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%
$1,070,400
Cap Rate 7%
$764,571
Cap Rate 9%
$594,667
Alternative Uses
Best Use
Multifamily LT 5
$764.6K
$669.0K – $892.0K
NOI $53,520 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$710.8K
$622.0K – $829.3K
NOI $49,756 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,017 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom units with separate utilities, rear decks, and a fenced backyard, with major updates including a recent roof.
Where is this triplex located?
The property is located at 259 Chelsea St Boston, MA.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Three one‑bedroom units in a East Boston three‑family with separately metered utilities.; First‑floor unit features an updated kitchen with white cabinetry, granite countertops, and stainless steel appliances.; Rear decks plus a fenced backyard for outdoor space.
