Multi-Family for Sale: 148 Park & Pearl St, Chelsea, MA 02150

55 beds
30 full baths
24,219 sqft
$8,100,000
$8,100,000
148 Park & Pearl St, Chelsea, MA 02150
55 beds
30 full baths
24,219 sqft
$8,100,000
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Price:
$8,100,000

Type Multi-Family
Beds 55
Total Baths 30 full baths
Square Feet 24,219 sqft
Lot Size 0.24 acres
Year Built 1900

City Chelsea
County Suffolk

MLS 73281006
Status Pending
DOM 116 days
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.

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $77,895
Water Public
Foundation Other
Roof Rubber
Full Baths 30
Parking Paved Drive
Total Rooms 99
Garage Spaces 0

Price History of 148 Park & Pearl St

Date Name Price Difference
08/22/2024 Listing Price $8,100,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 148 Park & Pearl St, Chelsea, MA

Location Map Street View
Photo of Cheryl Brown
Direct: 603-929-1100
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Horvath & Tremblay, John Pentore
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1%
6.75%
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
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148 Park & Pearl St (MLS #73281006) is a multi-family listing located in Chelsea, MA. This multi-family listing is 24,219 sqft and on a lot of 10,454 sqft (or 0.24 acres) with 55 bedrooms, 30 baths and is 124 years old. This property was listed on 08/22/2024 and has been priced for sale at $8,100,000.

Nearby zip codes are 02125, 02128, 02129 and 02149. This property neighbors other cities such as Boston and Everett.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Horvath & Tremblay

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.