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59 61 Division St

Chelsea, MA 02150

12 beds
6 baths
4,500 sqft
2,200 sqft lot
$322 per sqft
1920 build
– on site

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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!

Listing courtesy of MLSPIN / BLINK Estates Group / eXp Realty

Last checked: Checking… • Last updated Jun 4, 2024 •

MLS# 73213564 —

The Building

Year Built:

1920
Year Built Details:

Actual
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Concrete Perimeter
Window Features:

Insulated Windows
Stories Total:

10
# of Units Total:

5
Building Area Total:

4500
Building Area Units:

Square Feet
Building Area Source:

Other

Interior

Rooms Total:

22
Interior Features:

Lead Certification Available
Flooring:

Wood
Fireplace:

false
Laundry Features:

Electric Dryer Hookup

Room Dimensions

Living Area:

4500

Location

Directions:

Park St to Division St
Latitude:

42.389014
Longitude:

-71.038492

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - 5+ Units Up/Down
Lot Features:

Other
Lot Size Units:

Acres
Lot Size Area:

0.05
Lot Size SqFt:

2200
Lot Size Acres:

0.05
Zoning:

BR
Waterview:

No
Waterfront:

false
Waterfront Features:

Beach Front
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Book Number:

67885
Tax Annual Amount:

12489
Tax Assessed Value:

1008800

Beds

Bedrooms Total:

12

Baths

Total Baths:

5.5
Total Baths:

6
Full Baths:

5
Half Baths:

1

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Window Unit(s)
Cooling:

true

Utilities

Utilities:

for Gas Range
Electric:

110 Volts
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false

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
5/15/24 May 15, 2024	Sold	MLSPIN	$1,450,000	-1.7%
4/18/24 Apr 18, 2024	Pending	MLSPIN	$1,475,000
4/4/24 Apr 4, 2024	Sold Subject To Contingencies	MLSPIN	$1,475,000

Multifamily Sold on 5/15/2024

$1,450,000

Listing provided by broker:

BLINK Estates Group

eXp Realty

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Listing Courtesy of: MLSPIN and eXp Realty.

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.

59 61 Division St

Chelsea, MA 02150