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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 26 |
| Living area | 15,464 sqft |
| Lot size | 14,810 sqft |
| Year built | 1970 |
| Price / sqft | $394 |
| County | Middlesex |
| MLS # | 73592372 |
Listing status
| Days on market | 0 days |
| Listed on | October 19, 2026 |
Taxes & financials
| Annual property tax | $48,880 |
| Tax year | 2026 |
| Assessed value | $3,873,200 |
| Zoning | DD |
| Gross income (actual) | $476,374/yr |
| Net operating income (actual) | $318,803/yr |
| Total actual rent | $5,735/mo |
Building & lot
| Stories | 3 |
| Total rooms | 40 |
| Lot size | 0.34 acres |
| Garage spaces | 0 |
| Parking spaces | 15 |
| Parking | Off Street, Driveway |
| Basement | Full, Finished |
| Foundation | Slab |
| Roof | Rubber |
| Construction | Brick |
| Flooring | Tile |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Everett →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 238 Chelsea Street, Everett MA 02149 have?
It is a 26-unit multi-family property with 15,464 sqft of living area, built in 1970.
How long has 238 Chelsea Street, Everett MA 02149 been on the market?
238 Chelsea Street, Everett MA 02149 has been listed for 0 days (since October 19, 2026).
What is the price per unit?
At a list price of $6,100,000 across 26 units, that works out to roughly $234,615 per unit.
What are the property taxes on 238 Chelsea Street, Everett MA 02149?
Annual property taxes are $48,880 (2026), on an assessed value of $3,873,200.
What is the price per square foot?
At $6,100,000 for 15,464 sqft, that's about $394 per square foot.
Is there parking?
15 total parking spaces (off street, driveway).
Where is this property located?
238 Chelsea Street, Everett MA 02149 is in Everett, Middlesex County, MA 02149.
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