Triplex with Updated
For Sale
$775,000
Pending
80 Fremont Ave, Chelsea, MA 02150
Heating and electrical systems have been recently updated; hardwood floors and high ceilings remain.
Property Size3,252 SF
Days on Market83
Property Features for 80 Fremont Ave
General Information
Standard status
Pending
Size
3,252 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
does need updating
Additional Details
Multifamily Units
3
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Danielle Canty, Keller Williams Realty Boston South West
Listed By:
Moor Realty Group
(781) 961-6667
Source:
Moorrealty
Added: Jul 27
Changed: Oct 16
Last Checked: Oct 16 at 8:22AM
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 Danielle Canty, Keller Williams Realty Boston South West
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Investment Insights
Based on property information with market context.
This 3,252-square-foot triplex, built in 1928, includes a two-level owner’s unit and a five-room apartment on the first floor. Large rooms, high ceilings, and hardwood floors retain the property’s original character, while the heating system and electrical service have been recently updated. A basement with exceptionally high ceilings may offer the possibility of creating two additional levels, subject to applicable approvals.
The property sits on a large lot at 80 Fremont Ave in Chelsea, Massachusetts. The site also includes a side lot identified for potential expansion, although any additional development would require applications and approval through the City of Chelsea. Existing property violations are being addressed, with some work completed. The home will not pass FHA requirements.
The property sits on a large lot at 80 Fremont Ave in Chelsea, Massachusetts. The site also includes a side lot identified for potential expansion, although any additional development would require applications and approval through the City of Chelsea. Existing property violations are being addressed, with some work completed. The home will not pass FHA requirements.
Key Highlights
- 3,252 SF triplex built in 1928
- Two‑level owner’s unit plus 5‑room first‑floor apartment
- Heating system and electrical service recently updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,955
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,100
$1.2M
Cap Rate 7%
$885,071
$885.1K
Cap Rate 9%
$688,389
$688.4K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$93.7K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$88.5K $27.22/SF
− OpEx
−$26.6K −$8.16/SF
NOI
$62.0K $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%
$1,239,100
Cap Rate 7%
$885,071
Cap Rate 9%
$688,389
Alternative Uses
Best Use
Multifamily LT 5
$885.1K
$774.4K – $1.03M
NOI $61,955 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$807.0K
$706.1K – $941.5K
NOI $56,491 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,762 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
928
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Heating and electrical systems have been recently updated; hardwood floors and high ceilings remain.
Where is this triplex located?
The property is located at 80 Fremont Ave Chelsea, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,252 SF triplex built in 1928; Two‑level owner’s unit plus 5‑room first‑floor apartment; Heating system and electrical service recently updated
