9-11 Williams St, Chelsea, MA 02150

Building Details

Building Size 1,660 SF More

Year Built 1900 More

Tenancy Multi More

Listing Agency: MIG

Listed By: Nichols Realty Team Show Phone

Source: Classifiedrealtygroup

Added: Aug 8 Changed: Nov 10 Last Checked: Nov 10 at 5:44AM

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Investment Insights

Based on property information with market context.

This mixed-use property includes a 1,660-square-foot building with one residential unit configured as a 1BR/1BA residence. The commercial portion provides two restrooms and additional storage area, and is leased to a restaurant/liquor tenant through November 2028.

The offering includes the adjacent parcel at 25 Division St. and is being sold as a combined package rather than separately. Together, the two parcels contain four residential units and one commercial unit. The property is located in Chelsea’s waterfront district near Bellingham Square, along the Mystic River/Chelsea Creek corridor, with proximity to Chelsea Commuter Rail, the Tobin Bridge, and downtown Boston.

Key Highlights

• 1,660‑square‑foot mixed‑use property
• One residential unit with 1BR/1BA layout
• Commercial space includes 2 restrooms and storage area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,137

Cap Rate

3.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,740 $742.7K

Cap Rate 7%

$530,529 $530.5K

Cap Rate 9%

$412,633 $412.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,660 SF

Gross rent

$53.2K $32.04/SF

− Vacancy

−$3.7K −$2.21/SF

EGI

$49.5K $29.83/SF

− OpEx

−$12.4K −$7.46/SF

NOI

$37.1K $22.37/SF

Area

Suffolk County, MA

Vacancy

6.90%

Lease Rate

$32.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,740

Cap Rate 7%

$530,529

Cap Rate 9%

$412,633

Alternative Uses

Best Use

Specialty Retail

$530.5K

$464.2K – $619.0K (±1% cap)

NOI $37,137 @ 7.0% cap · market cap 3.03%

Second Best

Multifamily LT 5

$451.8K

$395.3K – $527.1K (±1% cap)

NOI $31,625 @ 7.0% cap · market cap 2.58%

Theoretical Best

Office A

$982.7K

$859.9K – $1.15M (±1% cap)

NOI $68,790 @ 7.0% cap · market cap 5.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Gym & Fitness Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,734

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

Average Price Trend$/SF for Mixed-use properties in Suffolk County, MA

$517 Jul

$564 Aug

$562 Sep

$601 Oct

Properties on Market for Mixed-use properties in Suffolk County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes a one-bedroom residence and leased commercial space with storage and two restrooms.

Where is this mixed-use property located?

The property is located at 9-11 Williams St Chelsea, MA.

What is the asking price?

The asking price for this property is $1,225,000.

What are key features of this property?

This property features: 1,660‑square‑foot mixed‑use property; One residential unit with 1BR/1BA layout; Commercial space includes 2 restrooms and storage area