Three-Unit Apartment
For Sale
$1,062,500
67 Marlborough St, Chelsea, MA 02150
Lead-paint certification covers every unit, while the top floor is vacant for leasing or owner occupancy.
Property Size5,000 SF
Price / SF$212.50
Days on Market50
Property Features for 67 Marlborough St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 4BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1930
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License #9526383
(860) 424-7613
Source:
Gooddeedsrealtypartners
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 4:18PM
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 Boston Realty Advisors
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Investment Insights
Based on property information with market context.
This 5,000-square-foot multifamily property contains three apartment units, each configured with four bedrooms and one bathroom. The building dates to 1930, and all units are lead-paint certified. Two apartments are occupied, while the third-floor residence is vacant and follows the same floor plan as the units below, creating flexibility for a new owner to lease it or occupy the space.
Located in Chelsea, the property benefits from the city’s proximity to downtown Boston and transit connections. The surrounding urban setting is described as diverse and walkable, with ongoing investment and redevelopment across the community. The combination of consistent unit layouts and one vacant apartment provides a straightforward configuration for evaluating both continued rental use and partial owner occupancy.
Located in Chelsea, the property benefits from the city’s proximity to downtown Boston and transit connections. The surrounding urban setting is described as diverse and walkable, with ongoing investment and redevelopment across the community. The combination of consistent unit layouts and one vacant apartment provides a straightforward configuration for evaluating both continued rental use and partial owner occupancy.
Key Highlights
- Three apartment units, each with 4 bedrooms and 1 bathroom
- 5,000 SF multifamily building constructed in 1930
- Third‑floor unit is vacant and matches the layout of the two occupied apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,256
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,905,120
$1.9M
Cap Rate 7%
$1,360,800
$1.4M
Cap Rate 9%
$1,058,400
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$144.0K $28.80/SF
− Vacancy
−$7.9K −$1.58/SF
EGI
$136.1K $27.22/SF
− OpEx
−$40.8K −$8.16/SF
NOI
$95.3K $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%
$1,905,120
Cap Rate 7%
$1,360,800
Cap Rate 9%
$1,058,400
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,256 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,856 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,199 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Lead-paint certification covers every unit, while the top floor is vacant for leasing or owner occupancy.
Where is this triplex located?
The property is located at 67 Marlborough St Chelsea, MA.
What is the asking price?
The asking price for this property is $1,062,500.
What are key features of this property?
This property features: Three apartment units, each with 4 bedrooms and 1 bathroom; 5,000 SF multifamily building constructed in 1930; Third‑floor unit is vacant and matches the layout of the two occupied apartments
