86 Grove St Chelsea, MA 02150
Well-maintained three-family with 2-bedroom units, eat-in kitchens, private decks, and recent updates to key systems.
- Added:
- Jul 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 10 at 3:06 am
Property Features for 86 Grove St
General Information
- Standard status
- Active
- Size
- 2,343 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing office REMAX Andrew Realty Services (617) 201-0247
Listing date Jul 7, 2026
Source Lockandkeyre
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
Set at the top of the hill in flourishing Bellingham Square in Chelsea, the home provides easy highway access and close proximity to the Chelsea Greenway. Commuting and day-to-day access are supported by nearby bus routes and the Silver Line, along with walking and bike paths.
Recent improvements include renovated bathrooms, a new furnace, and newer water heaters. With leases currently on a tenancy at will basis, the property may offer added flexibility for future ownership plans, including rental adjustments or the possibility of owner occupancy.
Key Highlights
- 3‑family property built in 1900 with three 2‑bedroom units
- Each unit includes an eat‑in kitchen, spacious living area, and private deck space
- Recent updates include renovated bathrooms, a new furnace, and newer water heaters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $28.80 |
| − Vacancy | −$3.7k | −$1.58 |
| EGI | $63.8k | $27.22 |
| − OpEx | −$19.1k | −$8.16 |
| NOI | $44.6k | $19.05 |
