Multifamily Property with
72 Sagamore Ave, Chelsea, MA 02150
For Sale
$999,900
The owner’s residence spans two floors and includes seven bedrooms and three full bathrooms.
Property Size3,216 SF
Price / SF$310.91
Days on Market18
Property Features for 72 Sagamore Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
private yard
Full,Sump Pump,Concrete,Unfinished
Wood,Tile,Laminate
3
No
7
Public Record
3216
Corner Lot
Public
0.07
6
2
Off Street
Paved
Concrete Perimeter
Building Details
Building Size
Year Built
Stories
Listing Agency:
Madelyn Garcia Real Estate
Listed By:
Marilyn Garcia
Source:
Jrpierre
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 4:28PM
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 Madelyn Garcia Real Estate
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Investment Insights
Based on property information with market context.
This 3,216-square-foot multifamily property was built in 1900 and has a three-story layout. The owner’s residence occupies two floors, with seven bedrooms and three full bathrooms. A two-car garage and private yard are also part of the property.
Located at 72 Sagamore Ave in Chelsea, the property is zoned R1.
Located at 72 Sagamore Ave in Chelsea, the property is zoned R1.
Key Highlights
- 3,216‑square‑foot multifamily property built in 1900
- Owner’s residence spans two floors and has 7 bedrooms
- Three‑story layout with 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,866
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,320
$1.1M
Cap Rate 7%
$798,086
$798.1K
Cap Rate 9%
$620,733
$620.7K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$108.1K $33.60/SF
− Vacancy
−$6.5K −$2.02/SF
EGI
$101.6K $31.58/SF
− OpEx
−$45.7K −$14.21/SF
NOI
$55.9K $17.37/SF
Area
Suffolk County, MA
Vacancy
6.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,320
Cap Rate 7%
$798,086
Cap Rate 9%
$620,733
Alternative Uses
Best Use
Apartment 5plus
$798.1K
$698.3K – $931.1K
NOI $55,866 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,270 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,203
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
$476,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Chelsea, MA
Properties on Market for Multifamily properties in Chelsea
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The owner’s residence spans two floors and includes seven bedrooms and three full bathrooms.
Where is this multifamily property located?
The property is located at 72 Sagamore Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,216‑square‑foot multifamily property built in 1900; Owner’s residence spans two floors and has 7 bedrooms; Three‑story layout with 3 full bathrooms
