Back to Search
Property profile & analytics
OFF-MARKET
Residential income homes
51 Chelsea St Everett, MA 02149-3549
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1775460
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1920
Construction
FRAME
Total area
8,073 SF
Lot
0.11 ac (5,001 SF)
Zoning code
BD
APN
EVER M:K0 B:01 L:000085
UPID
US38-1775460
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
51 Chelsea Street LLC · 3 yrs held
51 Chelsea Street LLC
since 2022
Last sale
$405,000
7 recorded transactions
Zoning & alternative use
BD · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,742
Tax year 2024
Assessed value
$1,722,700
Assessed 2024
Previous assessed
$1,722,700
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$900,000
Assessed improvement
$822,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
30
Rooms
30
Bathrooms
6
Total area
8,073 SF
Lot
0.11 ac (5,001 SF)
Zoning code
BD
APN
EVER M:K0 B:01 L:000085
UPID
US38-1775460
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Everett, MA
Zoning BD · permitted uses
BD · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
30
Rooms
30
Bathrooms
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
51 Chelsea Street LLC
Entity
Mailing address
629 BROADWAY, EVERETT, MA 02149-3801
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
51 Chelsea Street LLC
—
Deed
related
$2,330,000 · Everett Cooperative Bank
Oct 4, 2022
—
51 Chelsea Street LLC
Matthew T Philbin
Quit Claim Deed
related
—
Nov 4, 2020
—
Andrew W Philbin
—
Deed
related
$3,245,500 · Everett Cooperative Bank
Dec 31, 2012
$1
Andrew T Philbin
Philbin Middlesex RT
Grant Deed
related
—
Feb 17, 2012
—
Philbin-middlesex RT
—
Deed Of Trust
related
$550,000 · Digital FCU
Jan 9, 2012
$1
Andrew T Philbin
Philbin,andrew T
Grant Deed
related
—
Nov 2, 2004
—
Andrew T Philbin
—
Deed Of Trust
related
$800,000 · Central Cooperative Bank
Jan 26, 2004
—
Andrew T Philbin
—
Deed Of Trust
related
$250,000 · Everett Coop Bank
Sep 13, 1990
—
Andrew T Philbin
—
Deed Of Trust
related
$450,000 · Everett Savings Bank
Aug 1, 1989
$405,000
Andrew T Philbin
51 Chelsea RT
Grant Deed
$324,000 · Everett Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51 Chelsea St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
