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148 Park & Pearl St

Chelsea, MA 02150

55 beds
30 baths
24,219 sqft
10,454 sqft lot
$322 per sqft
1900 build
– on site

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The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit’s interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.

Listing courtesy of MLSPIN / John Pentore / Horvath & Tremblay

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 73281006 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
Roof:

Rubber
Foundation Details:

Other
Levels:

3
Stories Total:

3
Stories:

3
# of Units Total:

30
Building Area Total:

24219
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

99
Fireplace:

false

Room Dimensions

Living Area:

24219
Living Area Source:

Public Record

Location

Directions:

Multiple Buildings, Please Use GPS
Latitude:

42.388095
Longitude:

-71.038609

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - 5+ Units Side by Side
Lot Size Units:

Acres
Lot Size Area:

0.24
Lot Size SqFt:

10454
Lot Size Acres:

0.24
Zoning:

R2
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Book Number:

58775
Tax Annual Amount:

77895
Tax Assessed Value:

6453500

Beds

Bedrooms Total:

55

Baths

Total Baths:

30
Total Baths:

30
Full Baths:

30

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Utilities

Electric:

Individually Metered
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/20/25 Feb 20, 2025	Sold	MLSPIN	$7,800,000	-3.7%
10/15/24 Oct 15, 2024	Pending	MLSPIN	$8,100,000
8/22/24 Aug 22, 2024	Listed / Active	MLSPIN	$8,100,000

Multifamily Sold on 2/20/2025

$7,800,000

Listing provided by broker:

John Pentore

Horvath & Tremblay

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Listing Courtesy of: MLSPIN and Horvath & Tremblay.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

148 Park & Pearl St

Chelsea, MA 02150