Rare opportunity to acquire a well-maintained brick mixed-use asset in a highly strategic Chelsea location, only 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property includes a long-standing commercial tenant, El Carriel Bar, on the ground floor with a 1-bedroom residential unit above. The adjacent structure consists of three quality 2-bedroom/1-bath units. All units feature separately metered electricity, heat, and hot water, which tenants pay directly. The owner covers water and sewer, with the commercial tenant reimbursing 66.67% for 9–11 Williams and 23 Division. El Carriel has operated at this location since 2018 and recently exercised a 5-year renewal option with scheduled annual rent increases, providing proven tenant stability and consistent income growth. Continued investment and development in Chelsea further support the property’s long-term upside.
Unique 16 Unit Residential Building - 10 units of 2 bed 2 bath configuration. 5 Units of 3 bed 2 bath configuration and 1 Unit 1 bed plus den configuration. This former church was gutted and retrofitted into luxury style finishes and appliances in 2023. Located within Chelsea's Opportunity Zone, it's a great addition to real estate portfolio for the savvy investor. Elevator was installed as part of renovation. Financials and tours available with signing of NDA and proof of financing. Situated in Center of Chelsea with close proximity to Chelsea Downtown Business District, Tobin Bridge Off/On Ramps, MBTA Bus Routes and local large employers including Mass Information Technical Center.
Update income-producing two-family with eight parking spaces, updated gas heating system, updated bathrooms and kitchen on the first floor, centrally located, near Route 16, Route One Tobin Bridge, elementary schools, and Chelsea High School, TAW.
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.
Chelsea is located in Massachusetts. Chelsea, Massachusetts has a population of 40,025. Chelsea is more family-centric than the surrounding county with 33.96% of the households containing married families with children. The county average for households married with children is 23.74%.
The median household income in Chelsea, Massachusetts is $64,782. The median household income for the surrounding county is $80,260 compared to the national median of $69,021. The median age of people living in Chelsea is 33.6 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 47.9 inches per year, with 47.5 inches of snow per year.
