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Active

238 Chelsea Street, Everett MA 02149

$8,000,000

Estimated $16,481.46/month Calculator

Multi Family

Total Units: 26

Price Per Unit: $307,692.31

Total Rent: 44880/year

Estimated CAP Rate: 0.03%

26 Bedrooms

26 Full Baths

15,372 SqFt

Total Parking: 18

14,810 SqFt

Pleased to present the Chelsea Street Apartments are located at 238 Chelsea Street in Everett, MA. Directly north of Boston, close proximity to Route 1, easy access to MBTA (Orange Line) & Chelsea Train Station. This fully deleaded 3-story brick building built in 1970 sits on a 0.34 acre (14,810 SF) lot. Consisting of (20) studio apartments & (6) One bedroom units. Tenants enjoy off-street parking and coin-op laundry. Located less than 2 miles from Wynn Casino and down the street from new developments including The Pioneer, Jade, Anthem Everett etc. There is a significant opportunity to bring rents up to market across the board. Currently, the building average for studio apartments is $1,674 a month compared to the fair market rent for a studio in Everett of $2,359, a difference of $685 per unit per month. The building average for one-bedroom apartments is $1,838 a month compared to the fair market rent for a one bedroom in Everett of $2,475, a difference of $637 per unit per month.

This home has been viewed 5 times

Last Checked: February 24th, 2026 at 7:40pm (Source: MLS PIN #73479682)

Gross Income: $44,880

Gross Expenses: $42,114

Net Income Calc: $2,766

CAP Rate: 0.03%

Annual Expenses for 238 Chelsea Street, Everett MA 02149

Total Gross Expenses (Calculated)$42,114/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$42,114

Annual Income & Unit Breakdown for 238 Chelsea Street, Everett MA 02149

Total Gross Income (Calculated)$44,880

Unit 1

Rental Income$1,750

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,990

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 238 Chelsea Street, Everett MA 02149

Listing ID73479682

Property TypeMulti Family

Price$8,000,000 ($520.43/SqFt)

Style5+ Family - 5+ Units Up/down

CityEverett

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total15,372 SqFt

Approximate Lot Size (Acres)0.34 acres

Total Parking18

Garage Parking

Year Built1970

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningDD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 238 Chelsea Street, Everett MA 02149

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$44,880

Total Net Income By Broker$44,880

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 238 Chelsea Street, Everett MA 02149

Real Estate Taxes$42,114

Tax Year2025

Assessed Value$3,873,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$44,880

BostonRealEstate.com Gross Income

Total Net Income By Broker$44,880

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.03%

Location Information for 238 Chelsea Street, Everett MA 02149

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 238 Chelsea Street, Everett MA 02149

Agent

Name: Drew Kirkland

Office

Name: Northeast Private Client Group, LLC

Phone: 857-990-6800

Payment Calculator

, Interest

Property Taxes 3509.5

Principal & Interest 49293.46

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland

Agent Phone

Office Phone

(857) 990-6800

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Active

238 Chelsea Street, Everett MA 02149

$8,000,000

Annual Expenses for 238 Chelsea Street, Everett MA 02149

Annual Income & Unit Breakdown for 238 Chelsea Street, Everett MA 02149

General Information for 238 Chelsea Street, Everett MA 02149

Disclosures for 238 Chelsea Street, Everett MA 02149

Financial Information for 238 Chelsea Street, Everett MA 02149

Location Information for 238 Chelsea Street, Everett MA 02149

Contact Information for 238 Chelsea Street, Everett MA 02149

Agent

Office

Payment Calculator

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland