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Active

238 Chelsea Street, Everett MA 02149

$6,100,000

Estimated $13,964/month Calculator

Multi Family

Total Units: 26

Price Per Unit: $234,615.38

Total Rent: 68820/year

Estimated CAP Rate:

26 Bedrooms

Baths

15464

Total Parking: 15

14,810 (0.34)

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.

This home has been viewed 8 times

Last Checked: October 23rd, 2026 at 7:03pm (Source: MLS PIN #73592372)

Gross Income: $68,820

Gross Expenses: $48,880

Net Income Calc: $19,940

Water Views

Annual Expenses for 238 Chelsea Street, Everett MA 02149

Total Gross Expenses (Calculated)$48,880/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax48880

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

Total Gross Income (Calculated)$68,820

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

General Information for 238 Chelsea Street, Everett MA 02149

Listing ID73592372

Property TypeMulti Family

Price6100000 ($394.46/SqFt)

Style5+ Family - 5+ Units Up/down

CityEverett

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total15464

Approximate Lot Size (Acres)0.34

Total Parking15

Garage Parking0

Year Built1970

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningDD

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 238 Chelsea Street, Everett MA 02149

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSurveillance Devices

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 238 Chelsea Street, Everett MA 02149

Real Estate Taxes48880

Tax Year2026

Assessed Value$3,873,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 238 Chelsea Street, Everett MA 02149

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 238 Chelsea Street, Everett MA 02149

Agent

Name: Tony Pepdjonovic

Office

Name: Marcus & Millichap Real Estate Investment Services

Phone: 617-896-7200

Payment Calculator

, Interest

Property Taxes 4073.33

Principal & Interest 37586.26

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic

Agent Phone

Office Phone

(617) 896-7200

Text Agent Call Agent Call Office

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    [unparsed] => 238 Chelsea Street, Everett MA 02149
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EXIT

21 More Photos

Active

238 Chelsea Street, Everett MA 02149

$6,100,000

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

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic