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238 Chelsea Street, Everett MA 02149

Everett, MA 02149
$6,100,000
Est. $35,118/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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26
Beds
26
Baths
15,464
Sq Ft
$394
Price/Sq Ft
0.34
Acres
1970
Year Built
15
Parking
5+ Family - 5+ Units Up/Down
Type
New today
Time on Market
For Sale Listed Oct 19, 2026 • MLS# 73592372 Copied! • Updated Oct 19, 2026

Track this home for price, status, and open-house alerts.

About this home

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.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 19, 2026
$6,100,000
Original listing
Agent: Tony Pepdjonovic Office: Marcus & Millichap Real Estate Investment Services

Tax History

Year Taxes Assessment
2026 $48,880 $3,873,200

Financial Details

Annual Property Tax
$48,880
Tax Year 2026
Assessed Value
$3,873,200

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1970
Living Area 15,464 sq ft
Lot Size 0.34 acres
Stories 3
Bedrooms 26
Full Baths 26
Total Rooms 40

Investment Metrics

Units 26
Unit 1 Rent $1,995/mo · N
Unit 2 Rent $1,990/mo · N
Unit 3 Rent $1,750/mo · N
Total Monthly Rent $5,735/mo
Gross Income $476,374
Net Operating Income $318,803
Operating Expenses $157,571
Cap Rate 5.23%
Heating None
Cooling None
Flooring Tile
Appliances None
Fireplace None
Basement Full, Finished
Laundry None
Features None
Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Driveway
Total Spaces 15
Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $48,880
Assessed Value $3,873,200
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures 3 Apartments Were Damaged In A Small 2025 Fire. They Have Been Remediated And Will Be Delivered Gutted To The Studs And Ready For Renovation.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1970
Bedrooms
26
Full Bathrooms
26
Living Area
15,464 sq ft
Total Rooms
40
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Tile
Appliances:
Interior Features:
Windows:
Basement: Full, Finished
Laundry:
Security:

Construction & Materials

Year Built: 1970
Structure Type:
Exterior Materials: Brick
Roof: Rubber
Foundation: Slab
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 15
Parking Features: Off Street, Driveway
School District
Everett School District local
C-
✓ School Safety 2024-25
1.8% Average
1.7% Suspensions 2.5% In-School 0.1% Emergency
↓ 3.7% below state avg
E

Elementary Schools

9 schools
C
George Keverian School
0.4 mi | #284 of 352 | Score: 33.1
Improved 10 spots from last year
-25.1 below state avg
836 students Moderate
Grades K-08
A
Pioneer Charter School of Science
0.4 mi | #42 of 346 | Score: 68.5
Improved 48 spots from last year
+10.3 above state avg
786 students Very Diverse
High Graduation Rate Rising School College Ready Curriculum Diverse Student Body
Grades K-12
C
Sumner G. Whittier School
0.6 mi | #279 of 352 | Score: 34.0
Improved 27 spots from last year
-24.2 below state avg
583 students Moderate
Rising School
Grades K-08
Devens School
0.6 mi
32 students Diverse
Diverse Student Body
Grades K-12
St. Anthony Elementary School
0.7 mi
Grades PK-08
C
Lafayette School
1.3 mi | #276 of 352 | Score: 34.3
Improved 33 spots from last year
-23.9 below state avg
978 students Diverse
Rising School
Grades K-08
C-
Madeline English School
1.3 mi | #312 of 352 | Score: 30.7
Improved 29 spots from last year
-27.6 below state avg
683 students Moderate
Rising School
Grades K-08
Webster Extension
0.7 mi
200 students Diverse
Diverse Student Body
Grades PK
Adams School
1.0 mi
144 students Diverse
Diverse Student Body
Grades PK
H

High Schools

1 school
C+
Everett High School
0.8 mi | #228 of 346 | Score: 49.8
Improved 47 spots from last year
-8.4 below state avg
2,210 students Diverse
17 sports • 1,298 athletes
Rising School Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $4,073
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

238 Chelsea Street, Everett MA 02149

Everett, MA 02149

Listing Information

Listing Agent Tony Pepdjonovic
Listing Office Marcus & Millichap Real Estate Investment Services
Office Phone 617-896-7200
Agent MLS ID CN212672
Office MLS ID AN1252
Listing Data Updated Oct 19, 2026 9:45 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

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