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For sale
  • $995,000

    465 Chapel St, Lee, MA 01238

    7beds
    5,690sqft
    : 
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    Multi Family
    Built in 1880
    -- sqft lot
    $933,900 Zestimate®
    $175/sqft
    $-- HOA

    What's special

    One spacious two-bedroom unitTwo efficiency one-bedroom unitsSix standard one-bedroom units
    For Sale: 9-Unit Victorian Investment Property - Prime South County Location This is an exceptional opportunity to own a fully occupied, income-producing Victorian multifamily property set on 2.5 beautifully landscaped acres in a highly desirable South County location. Combining classic charm with strong rental performance, this property is ideal for investors seeking both stability and long-term potential-MLS listing only displays 8 units. Please see rent roll under documents. The building features a total of nine residential units, thoughtfully configured to attract a diverse tenant base. There are two efficiency one-bedroom units, one spacious two-bedroom unit, and six standard one-bedroom units, each offering a comfortable layout with a living room and full kitchen. The property is currently fully occupied, providing immediate and consistent rental income. It has a strong occupancy history and appealing unit mix contribute to long-term tenant retention and investment reliability. The grounds are beautifully landscaped, enhancing curb appeal while offering a pleasant environment for residents. The expansive 2.5-acre lot provides a sense of privacy and space that is rarely found in multifamily properties of this size. Additional amenities include private parking for up to 16 vehicles, ensuring convenience for tenants, as well as a coin-operated washer and dryer that generates supplemental income. A storage shed is also located on the property, offering space for maintenance equipment or tenant use. Recent updates include a furnace and chimney liner that are both less than one year old, helping to reduce immediate capital expenses and improve overall efficiency. An extra lot is included with the sale, presenting potential for future development, expansion, or added value. This is a turnkey investment opportunity in a desirable location, offering immediate income with room for future growth. Financial details are available upon request for qualified buyers.
    48 days
    |
    248
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Timothy Gallagher 413-822-1008,

    STONE HOUSE PROPERTIES, LLC

    Source: BCMLS,MLS#: 249582MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 9
      • Full bathrooms: 9
      Heating
      • Nat Gas
      Appliances
      • Laundry: In Basement, Coin Op
      Features
      • Flooring: Linoleum, Wood
      • Basement: Exterior Entry,Unfinished,Interior Entry,Concrete,Bulk head
      Interior area
      • Total structure area: 5,690
      • Total interior livable area: 5,690 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Lot
      • Size: 2.5 Acres
      Details
      • Additional structures: Outbuilding
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Victorian
      • Property subtype: Multi Family
      Materials
      • Roof: Asphalt
      Condition
      • Year built: 1880

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Trash Private

      Community & HOA

      Location
      • Region: Lee

      Financial & listing details

      • Price per square foot: $175/sqft
      • Tax assessed value: $777,000
      • Annual tax amount: $8,741
      • Date on market: 5/19/2026

        Estimated market value

        $933,900

        $887,000 - $981,000

        $2,226/mo

        Price history

        DateEventPrice
        5/19/2026Listed for sale$995,000-11.6%$175/sqft
        Source: BCMLS #249582 Report a problem
        9/2/2025Listing removed$1,125,000$198/sqft
        Source: BCMLS #245624 Report a problem
        3/1/2025Listed for sale$1,125,000+95.7%$198/sqft
        Source: BCMLS #245624 Report a problem
        3/6/2021Listing removed--
        Source: Owner Report a problem
        9/15/2017Listing removed$965
        Source: Zillow Rental Manager Report a problem
        8/15/2017Listed for rent$965+1.6%
        Source: Owner Report a problem
        1/8/2016Listing removed$950
        Source: Storybook Homes Report a problem
        11/17/2015Listed for rent$950
        Source: Storybook Homes Report a problem
        7/31/2014Sold$575,000-11.5%$101/sqft
        Source: BCMLS #206029 Report a problem
        4/5/2014Listing removed$650,000$114/sqft
        Source: BERKSHIRE PROPERTY AGENTS #202080 Report a problem
        5/4/2013Listed for sale$650,000+45.4%$114/sqft
        Source: BERKSHIRE PROPERTY AGENTS #202080 Report a problem
        5/23/2003Sold$447,000$79/sqft
        Source: BCMLS #157423 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 01238

        Getting around

        28 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lee
        • Middle: Lee
        • High: Lee

        Source: BCMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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