86 Grove St, Chelsea, MA 02150
MULTI_FAMILY - Chelsea, MA
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 2:06 am
Property Features for 86 Grove St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4
- Standard status
- Active
- APN
- M:0030 B:0000 L:0064,1287273
- Size
- 2,343 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7676
Building Details
- Year built
- 1900
- Floors in Building
- 5
- Number of units
- 3
Listing agent John Veneziano (781) 395-7676
Listing office REMAX Andrew Realty Services 9 Main St., Medford, MA (781) 395-7676
Listing date Jul 7, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑family property built in 1900 with three separate 2‑bedroom units
- Each unit includes spacious living area, eat‑in kitchen, and private deck space
- Renovated bathrooms plus a new furnace and newer water heaters
- Tenancy is currently at will for all leases, offering flexibility for future ownership plans
- Backyard access provided for tenant or owner use
Overview
The property is located at 86 Grove St in Chelsea, Massachusetts, and it is described as being positioned at the top of the hill near Bellingham Square. The listing also notes convenient connections to area bus routes and the Silver Line, along with proximity to walking and bike paths and the Chelsea Greenway.
For tenants, the configuration supports comfortable everyday living with in-unit kitchen space and private outdoor decks. For owner-occupants or investors, the property presents a straightforward multi-family setup, and the listing states that all leases are currently tenancy at will, which may provide flexibility for future ownership plans and adjustments. Zoning is listed as R3, supporting residential use consistent with the property’s existing configuration.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.029678
- Latitude
- 42.392324
