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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.

More Info

Basic Information

  • Gross Income $476,374
  • Lot Features Other
  • Mls StatusNew
  • Parcel Number 483854
  • Rent Includes Unit 1(Heat, Hot Water)

Location

  • Address238 Chelsea Street
  • Building Number238
  • CountyMiddlesex
  • StateMA
  • StreetChelsea Street
  • TownEverett
  • Zip02149

Utilities

  • Electric Circuit Breakers, Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $3,873,200
  • Tax Year 2026
  • Taxes$48,880

Rooms

  • Bathroom26
  • Bathrooms Total Decimal 26
  • Bedrooms26
  • Full Bath26

Building

  • BasementFull, Finished
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationSlab
  • Levels 3
  • Rooms40
  • Stories3
  • Units26
  • Utilities For Gas Range
  • Year Built1970
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Driveway
  • Parking Spaces15

Basic Information

  • List Price$6,100,000
  • MLS Number73592372
  • Modification Date10/19/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.34

Interior

  • Flooring Tile

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 15,464
  • Lot Size Square Feet 14,810
  • Lot Size Units Acres
  • Square Feet15,464

Other

  • Date Listed10/19/2026
  • Farm Land Area Units Square Feet

Map Location

Listed by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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