132-134 Cottage Street is a four unit multi-family building comprised of two, 2-Bedroom/1-Bathroom units and two, 3-Bedroom/1-Bathroom units with 4,496 square feet of living area in 8,112 total square feet on a 0.139-acre parcel listed at a 7.31% cap rate on current income. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly while the landlord is responsible for domestic water and sewer, which has been sub-metered so that the expense can be passed on to the tenants. The building has been well maintained during ownership. Building amenities include a coin-op laundry room, three on-site garages and additional off-street parking in front of the garage spaces. While the building is typically fully occupied, the opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all units, allowing the incoming owner to maximize rents in a supply constrained market.
Multi-familyProperty Type
1920Year Built
6,054 sq ftLot Size
$267Price/Sq.Ft.
3 garage spacesParking
Listed by Dennis Kelleher• Horvath & Tremblay
Bought with Gustavo Veloz• COM-PRO Real Estate Services, Inc
RENOVATED 4 family with detached brick 3 car garage with tons of off street parking steps to the silver line! Gleaming hardwoods, high ceilings! Gas heat, hot water and upgraded electric are all separately metered.
MLS PIN #70126265
Mar 21, 2005
Sold
$629,900
$140/sq ft
Feb 15, 2005
Listing Removed
—
Dec 10, 2004
Listed
$629,900
$140/sq ft
THE MAGIC WORD...I N C O M E...I N C O M E...INCOME... WONDERFUL INCOME PROPERTY....HAS EXCELLENT PAYING TENANTS... MY CLIENT HAS COMPLETLY UPDATED THIS HOME TO 4 FAMILIES...IT LOOKS FABULOUS! NEW OWNER COULD EASILY HAVE A 5th UNIT IN THE BASEMENT...LET ME SHOW YOU HOW... I INVITE YOU AND YOUR CLIENTS TO PREVIEW THIS GREAT OPPORTUNITY... TENANTS PAY THERE OWN UTILITIES...THE RENT IN UNIT 4 COULD BE HIGHER.
MLS PIN #70012081
Jun 9, 2004
Sold
$540,000
$120/sq ft
Mar 31, 2004
Listing Removed
—
Mar 29, 2004
Listed
$525,000
$117/sq ft
Public Records
Nov 14, 2000
Sold
$349,000
$78/sq ft
Public Records
Jul 22, 1997
Sold
$169,900
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$15,736 (+5.5%)
$236,000 + $1,035,100
$1,271,100
2022
$14,909 (+11.9%)
$224,800 + $900,400
$1,125,200
2021
$13,329 (+22.2%)
$214,100 + $764,500
$978,600
2020
$10,910 (+6.0%)
$203,900 + $610,900
$814,800
2019
$10,297 (+9.6%)
$203,900 + $518,700
$722,600
2018
$9,395 (+3.2%)
$203,900 + $462,400
$666,300
2017
$9,102 (+20.7%)
$203,900 + $430,800
$634,700
2016
$7,541 (+4.2%)
$203,900 + $325,300
$529,200
2015
$7,237 (+14.0%)
$177,300 + $325,300
$502,600
2014
$6,351 (+5.3%)
$154,300 + $272,500
$426,800
2013
$6,031 (+9.3%)
$154,300 + $272,500
$426,800
2012
$5,520 (+2.8%)
$140,300 + $259,400
$399,700
2011
$5,368 (+3.5%)
$146,100 + $269,400
$415,500
2010
$5,184 (−20.6%)
$146,100 + $282,700
$428,800
2009
$6,531
$171,400 + $433,300
$604,700
Tax history for 132-134 Cottage St
Year
Property tax
Land + Additions
Assessment*
2023
$15,736 (+5.5%)
$236,000 + $1,035,100
$1,271,100
2022
$14,909 (+11.9%)
$224,800 + $900,400
$1,125,200
2021
$13,329 (+22.2%)
$214,100 + $764,500
$978,600
2020
$10,910 (+6.0%)
$203,900 + $610,900
$814,800
2019
$10,297 (+9.6%)
$203,900 + $518,700
$722,600
2018
$9,395 (+3.2%)
$203,900 + $462,400
$666,300
2017
$9,102 (+20.7%)
$203,900 + $430,800
$634,700
2016
$7,541 (+4.2%)
$203,900 + $325,300
$529,200
2015
$7,237 (+14.0%)
$177,300 + $325,300
$502,600
2014
$6,351 (+5.3%)
$154,300 + $272,500
$426,800
2013
$6,031 (+9.3%)
$154,300 + $272,500
$426,800
2012
$5,520 (+2.8%)
$140,300 + $259,400
$399,700
2011
$5,368 (+3.5%)
$146,100 + $269,400
$415,500
2010
$5,184 (−20.6%)
$146,100 + $282,700
$428,800
2009
$6,531
$171,400 + $433,300
$604,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
6,098 Sq. Ft.
Year renovated
—
Sq. Ft.
4,496
Year built
1920
Style
Multi-Family (5+ Unit)
County
Suffolk County
APN
1286773
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 25, 2025.
R2
Residential R-2 District
The purpose of the R2 district is to provide an area for multifamily dwellings and associated uses.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Fire house
Police station
Park & open space
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 3
# of Covered Spaces: 3
Parking Spaces: 9
Parking Features: Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 4
Basement Information
Basement: Unfinished
Interior Features
# of Rooms (Total): 26
Interior Features: Laundry Room
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 4,496
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Rubber
Property Information
PropertySubType: 4 Family
Lot Information
Lot Size (Acres): 0.13
Lot Features: Corner Lot
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $13,930
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Individually Metered
Location
Location Information
Directions: Last right on Highland St heading towards Bellingham Hill Park.
UnparsedAddress: 132-134 Cottage St, Chelsea MA 02150
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Highway Access, T-Station
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 4,496
Stories: 2.0
Lot Size: 6,098 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Suffolk County
APN: 1286773
Home facts updated by county records on Jul 25, 2025
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Shurtleff Early Childhood
Public PreK-1 • Assigned • 0.5mi
Clark Avenue School
Public 5-8 • Assigned • 0.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Chelsea, MA • 02150
Average low and high temperatures (°F)
34
22
37
24
51
34
58
42
68
52
79
63
83
68
78
63
73
60
64
49
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.