Active
Price Drop -$100,000
Listed Sep 26, 2025 • MLS# 73389751
About this home
Exceptional 6-unit investment opportunity in Chelsea’s desirable Prattville neighborhood, just minutes to the Tobin Bridge and Revere Beach Parkway. This well-maintained multi-family features (2) lower-level units with full-height ceilings and two egresses, (2) first-floor units, and (2) second-floor units. Four of the six units have been updated with modern kitchens and baths. Each apartment has separate utilities and its own rear balcony. The building includes gas heating systems (approx. 10 years old), a fire panel, common electric meter, and off-street parking for 6 cars. Roof replaced 8 years ago; siding is 15 years old. Strong current cash flow with 6–7% CAP rate and upside potential through future rent increases. Ideal for investors looking to grow or stabilize their portfolio in a prime commuter location close to Boston.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
12
Full Bathrooms
6
Living Area
3,712 sq ft
Total Rooms
15
Stories
5
Levels
5
Interior Features
Heating
Natural Gas
Has Heating
Yes
Has Fireplace
No
Appliances
Washer, Dryer
Interior Features
Laundry Room, Mudroom
Basement Details
Full, Finished
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Block, Brick/Mortar
Patio/Porch Features
Deck - Wood
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.17 acres
Lot Size
7,200 sq ft
Lot Size Area
0.1700
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Medical Facility, Highway Access
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$14,880
Tax Year
2025
Tax Assessed Value
$1,292,800
Parcel Number
M:072 P:047,1289783
Zoning
R-2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
6 apartments = (2) basement lower, (2) first floor, (2) second floor. #6 unit is 1 bed/1 bath basement with $1, 650 in rent. all TAW tenants no leases. Total rent is $11, 400. Public Record lists 12 bedrooms. Current usage is 9 bedrooms.
Location
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Neighborhood
Prattville
4 Warren Ave, Chelsea MA 02150
Chelsea, MA 02150
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,240
Homeowners Insurance$200
PMI$0
Property History
Property Timeline
🏠
Listed for Sale
Jun 12, 2025
$1,550,000
Original listing
Agent: Peter GiannikopoulosOffice: Coldwell Banker Realty - Boston
