Triplex with Updated
For Sale
$875,000
68 Cook Ave, Chelsea, MA 02150
Three occupied residences feature bonus areas, modern kitchens, and a private yard in a low-maintenance exterior package.
Property Size2,271 SF
Price / SF$385.29
Days on Market135
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 68 Cook Ave
General Information
Standard status
Active
Size
2,271 SF
Property subtype
Multi-Family
Zoning
R1
Occupancy
100%
Net Operating Income
$64,800
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,244
Amenities
private yard
Building Details
Building Size
2,271 SF
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Peggy Carter Team
(603) 742-4663
Listed By:
Michael Forcillo
(617) 593-6674
Source:
Churchillprop
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 14 at 9:34PM
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 Coldwell Banker Peggy Carter Team
Investment Insights
Based on property information with market context.
This 1925 triplex contains three residential units totaling 2,271 square feet. All units are occupied under tenancy-at-will arrangements. Units 2 and 3 include bonus areas and updated kitchens, while the property also features a newer roof, newer heating systems, and newer hot water heaters. Low-maintenance siding, finished exterior stairs, and a private yard complete the improvements.
Located at 68 Cook Ave in Chelsea, the property is 2.5 miles from Boston and Logan Airport. Route 1 access and public transportation into Boston provide established regional connectivity while the home remains in a residential setting. The R1-zoned property may suit an investor or an owner-occupant seeking a three-unit configuration.
Located at 68 Cook Ave in Chelsea, the property is 2.5 miles from Boston and Logan Airport. Route 1 access and public transportation into Boston provide established regional connectivity while the home remains in a residential setting. The R1-zoned property may suit an investor or an owner-occupant seeking a three-unit configuration.
Key Highlights
- Three‑family triplex with 2,271 square feet, built in 1925
- All three units occupied under TAW arrangements
- Units 2 and 3 include bonus spaces and modern kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,265
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,300
$865.3K
Cap Rate 7%
$618,071
$618.1K
Cap Rate 9%
$480,722
$480.7K
Market Conditions
NOI Build-Up for 2,271 SF
Gross rent
$65.4K $28.80/SF
− Vacancy
−$3.6K −$1.58/SF
EGI
$61.8K $27.22/SF
− OpEx
−$18.5K −$8.16/SF
NOI
$43.3K $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%
$865,300
Cap Rate 7%
$618,071
Cap Rate 9%
$480,722
Alternative Uses
Best Use
Multifamily LT 5
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$563.6K
$493.1K – $657.5K
NOI $39,450 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,110 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences feature bonus areas, modern kitchens, and a private yard in a low-maintenance exterior package.
Where is this triplex located?
The property is located at 68 Cook Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑family triplex with 2,271 square feet, built in 1925; All three units occupied under TAW arrangements; Units 2 and 3 include bonus spaces and modern kitchens
