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8 Days on Jacob Realty
1
$8,000,000
Total Beds: 26 Total Baths: 26
Total Units: 26 SQFT: 15372
LOT size: 0.34 Acres
238 Chelsea Street
Everett, MA 02149
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Property Description

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.

Property Details

Building Information

  • Total Units: 26
  • Total Floors: 3
  • Total Bedrooms: 26
  • Total Full Baths: 26

Financial

  • APOD Available: Yes
  • Gross Operating Income: 44880
  • Net Operating Income: 44880

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1970
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: None, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73479682
  • Last Updated: 02/28/26

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Map

Seller's Representative: Drew Kirkland, Northeast Private Client Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-02-28 03:05:00