Sold for $1,450,000

$1,450,000

59-61 Division Street, Chelsea, MA 02150

12beds

4,500sqft

5+ Family - 5+ Units Up/Down

Built in 1920

-- sqft lot

$1,602,700 Zestimate^®

$322/sqft

$2,715 Estimated rent

Home value

$1,602,700

$1.49M - $1.76M

$2,715/mo

Zestimate^® history

Owner options

List your home for rent

$2,715/mo

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$2,715/mo

Rent Zestimate^®

Refinance and save

$6,916/mo

Est. payment

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$6,916/mo

Est. payment

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What's special

Tiled bathroomsNew stainless steel appliancesFresh paint

Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out – seize this lucrative investment today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 5
1/2 bathrooms: 1

Heating

Forced Air, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range, Dishwasher, Microwave, Refrigerator
Laundry: Electric Dryer Hookup

Features

Lead Certification Available, Living Room, Kitchen
Flooring: Wood
Windows: Insulated Windows, Storm Window(s)
Basement: Full
Has fireplace: No

Interior area

Total structure area: 4,500
Total interior livable area: 4,500 sqft

Property

Features

Waterfront features: 1 to 2 Mile To Beach

Lot

Size: 2,200 sqft
Features: Other

Details

Zoning: BR

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1920

Utilities & green energy

Electric: 110 Volts
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Oven, for Electric Dryer

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina

Location

Region: Chelsea

HOA & financial

Other financial information

Total actual rent: 11600

Price history

Date	Event	Price
5/15/2024	Sold	$1,450,000-1.7%$322/sqft
Source: MLS PIN #73213564 Report a problem
4/4/2024	Contingent	$1,475,000$328/sqft
Source: MLS PIN #73213564 Report a problem
3/18/2024	Listed for sale	$1,475,000+7.3%$328/sqft
Source: MLS PIN #73213564 Report a problem
6/30/2022	Sold	$1,375,000-1.4%$306/sqft
Source: MLS PIN #72966431 Report a problem
4/13/2022	Listed for sale	$1,395,000+80%$310/sqft
Source: MLS PIN #72966431 Report a problem
1/8/2016	Sold	$775,000$172/sqft
Source: Agent Provided Report a problem