About this home
238 Chelsea Street is a rare opportunity to acquire a 26-Unit value-add multifamily property located in Everett, Ma convenient to the Commuter Rail and Orange Line, the Gateway Center shops, Encore Casino and Downtown Boston. The building provides a stable rent roll that can be greatly improved through programmatic unit renovations as Everett continues to support higher-end rental stock with the local economic drivers. The property is comprised of (20) studio apartments and (6) 1-bedrooms / 1-bath units situated on a 0.34 acre lot that accommodates roughly 15 vehicles. The neighborhood continues to rapidly develop with projects like Wynn Phase 2 and the New England Revolution Stadium Waterfront development in the pipeline bringing a substantial amount of jobs and renters to the area.
Listing last checked: Listing updated:
Listed by Tony Pepdjonovic · Marcus & Millichap Real Estate Investment Services · MLS #73592372
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Details at a glance
Interior3 property facts
- Rooms
- 40
- Flooring
- Tile
- Basement
- Yes · Full, Finished
Building5 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 1970
- Parking
- 15
- Foundation
- Slab
- Roof
- Rubber
Land & utilities5 property facts
- Lot size
- 0.34 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- DD
Financial2 property facts
- Annual taxes
- $48,880
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $6,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$34,918 / monthAdjust
- Principal & interest
- $30,845
- Property tax
- $4,073
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $48,880. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Exp
$7,250,000 · Feb 24, 2026
More property insights
Automated value estimate $4,917,935
Estimated range $2,872,508–$6,963,362.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 238 Chelsea Street
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