Three-Level Triplex with
For Sale
$969,000
68 Maverick St, Chelsea, MA 02150
Updated kitchen spaces and private porches complement the three-family layout.
Property Size2,541 SF
Price / SF$381.35
Days on Market98
Property Features for 68 Maverick St
General Information
Standard status
Active
Size
2,541 SF
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$103,200
Taxes and HOA fees
Annual Taxes
$9,284
Building Details
Building Size
2,541 SF
Year Built
1900
Stories
3
Listing Agency:
Karen M. Overtoom R.E.
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 27
Changed: Aug 30
Last Checked: Aug 31 at 1:38PM
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 Karen M. Overtoom R.E.
Investment Insights
Based on property information with market context.
This R3-zoned triplex at 68 Maverick St comprises three family units arranged across three levels, with 2,541 square feet, 8 bedrooms, and 3 full baths. Interior features include hardwood flooring, updated kitchen areas, bright rooms, and practical layouts. Private porches provide additional outdoor space, while deleading has been completed.
The property is positioned near major routes, public transportation, shopping, and dining. Boston airport and Rt 1 are only minutes away, adding regional access to the Chelsea location. Built in 1900, the property combines a multi-unit configuration with established residential construction.
The property is positioned near major routes, public transportation, shopping, and dining. Boston airport and Rt 1 are only minutes away, adding regional access to the Chelsea location. Built in 1900, the property combines a multi-unit configuration with established residential construction.
Key Highlights
- Three‑family property with 2,541 square feet across three levels
- 8 bedrooms and 3 full baths
- R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,180
$968.2K
Cap Rate 7%
$691,557
$691.6K
Cap Rate 9%
$537,878
$537.9K
Market Conditions
NOI Build-Up for 2,541 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.2K $28.80/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$69.2K $27.22/SF
− OpEx
−$20.7K −$8.16/SF
NOI
$48.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,180
Cap Rate 7%
$691,557
Cap Rate 9%
$537,878
Alternative Uses
Best Use
Multifamily LT 5
$691.6K
$605.1K – $806.8K
NOI $48,409 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$630.6K
$551.8K – $735.7K
NOI $44,140 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,298 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,945
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Updated kitchen spaces and private porches complement the three-family layout.
Where is this triplex located?
The property is located at 68 Maverick St Chelsea, MA.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Three‑family property with 2,541 square feet across three levels; 8 bedrooms and 3 full baths; R3 zoning
