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.
| MLS Listing ID: | 73592372 |
|---|---|
| Listing Price: | $6,100,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 26 |
| Full Baths: | 26 |
| Living Space: | 15464 sf. |
| Lot Size: | 0.34 acres (14810 sf.) |
| Parking: | Yes |
| Taxes: | $48,880.00 |
| Tax Year: | 2026 |
Listing Current as of October 21, 2026 12:00pm
This listing brought to you by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services.
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