Rare opportunity to own a generational family-owned multi-family with excellent cash-flow potential! This property offers 9 bedrooms and 3 bathrooms across 3 units, each with separate heating, hot water, and electricity. Heating is gas for efficiency and cost saving. The roof was recently done and it’s only 4 years old. There is on & off street parking this property is located directly next to a residential parking lot named after the original owner of this property Grant Bennett Jr.Conveniently located near schools, shopping centers, & just a 3-minute walk to the bus stop with routes to multiple destinations, and only minutes from Boston and major highways. Ideal for investors or owner-occupants, offering strong rental potential in a prime location in Chelsea.
Broadway, located between Chelsea Square and the Mystic River waterfront, is a historic and commercial Chelsea neighborhood with a classic main-street corridor and a dense mix of civic landmarks. The neighborhood’s character concentrates around Broadway at Everett Avenue, where taquerias, bakeries, barbershops, and small storefronts keep the sidewalks in motion. Brick rowhouses and older mixed-use blocks frame the streetwall, with pocket parks and municipal buildings breaking up the grid. The Chelsea Clock Company building and the Strand Theatre act as cultural anchors along the corridor. Mary O’Malley Park adds river views and a breezy walking loop at the edge of the neighborhood.
UnparsedAddress: 230 Chestnut St, Chelsea MA 02150
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station, University
Public facts
Beds: 9
Baths: 3.0
Finished Sq. Ft.: 4,164
Unfinished Sq. Ft.: —
Total Sq. Ft.: 4,164
Stories: 3.0
Lot Size: 2,178 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Suffolk County
APN: 1287687
Home facts updated by county records on Jul 20, 2023
Other
Miscellaneous Information
Heat Zones: 3
Listing Information
StandardStatus: Pending
Sale and tax history for 230 Chestnut St
Sale History
Tax History
Date
Event
Price
MLS PIN #73427640
Sep 30, 2025
Contingent
—
Sep 8, 2025
Listed
$1,099,000
$264/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$9,004 (−0.9%)
$128,000 + $599,300
$727,300
2022
$9,088 (+3.8%)
$121,900 + $564,000
$685,900
2021
$8,759 (+38.6%)
$116,200 + $526,900
$643,100
2020
$6,319 (−3.8%)
$110,600 + $361,300
$471,900
2019
$6,568 (+10.5%)
$110,600 + $350,300
$460,900
2018
$5,945 (+4.6%)
$110,600 + $311,000
$421,600
2017
$5,683 (+20.4%)
$110,600 + $285,700
$396,300
2016
$4,722 (+14.8%)
$110,600 + $220,800
$331,400
2015
$4,113 (+14.4%)
$96,200 + $189,400
$285,600
2014
$3,595 (+5.3%)
$83,600 + $158,000
$241,600
2013
$3,414 (+3.4%)
$83,600 + $158,000
$241,600
2012
$3,301 (+3.7%)
$93,600 + $145,400
$239,000
2011
$3,183 (+6.8%)
$97,500 + $148,900
$246,400
2010
$2,979 (−28.4%)
$97,500 + $148,900
$246,400
2009
$4,162
$166,100 + $219,300
$385,400
Public record
Public record
Zoning
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
2,178 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,164
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,164
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1287687
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
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
Climate risks
3/10 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
7/10 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
84
69
78
63
73
60
64
49
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
73/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Chelsea. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 230 Chestnut St
$1,040,958
$58K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $800K to $1.1M.