About this home

238 Chelsea Street is a rare opportunity to acquire a 26-Unit value-add multifamily property located in Everett, Ma convenient to the Commuter Rail and Orange Line, the Gateway Center shops, Encore Casino and Downtown Boston. The building provides a stable rent roll that can be greatly improved through programmatic unit renovations as Everett continues to support higher-end rental stock with the local economic drivers. The property is comprised of (20) studio apartments and (6) 1-bedrooms / 1-bath units situated on a 0.34 acre lot that accommodates roughly 15 vehicles. The neighborhood continues to rapidly develop with projects like Wynn Phase 2 and the New England Revolution Stadium Waterfront development in the pipeline bringing a substantial amount of jobs and renters to the area.

Facts and features

Schools

• Everett High School

  high · 9-12 · 0.8 mi

  2

• George Keverian School

  elementary · K-8 · 0.4 mi

  4

• Immaculate Conception School

  elementary · K-8 · 0.4 mi

• Pioneer Charter School Of Science

  elementary · K-12 · 0.4 mi

  9

• Phoenix Charter Academy

  high · 9-12 · 0.5 mi

  1

• Our Lady of Grace School

  elementary · K-8 · 0.5 mi

Price history

• Oct 19, 2026 · Listed$6,100,000
• May 20, 2026 · Listing Removed$7,250,000
• Mar 30, 2026 · Price Changed$7,250,000
• Feb 24, 2026 · Listed$8,000,000

Where it is