237 Chestnut is situated in the heart of Chelsea, a high-density urban-infill city just northeast of downtown Boston, and located one block from Broadway, the area’s primary commercial corridor. The building has been well maintained during ownership, and the incoming owner has the option to improve unit conditions strategically to maximize rents in a supply constrained market. The property is a three unit multi-family building comprised of three, 3-Bedroom/1-Bathroom units. 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. Building amenities include a coin-op laundry room. 237 Chestnut Street is 0.5-miles from the Mystic Mall, 1-mile from Parkway Plaza Shopping Center and is 2.5-miles from the Gateway Center, anchored by Costco, Home Depot & Target, and the new Encore Boston Harbor Resort & Casino.
Multi-familyProperty Type
1920Year Built
1,873 sq ftLot Size
$306Est. Price/Sq.Ft.
Listed by Dennis Kelleher• Horvath & Tremblay
Bought with Juan Cano• Broad Sound Real Estate, LLC
Clean solid Three-Family investment with modern kitchens and baths. Property has been very well maintained and is fully occupied with all tenant-at-will rental agreements. Lead certificates on file, building equipment such as Boilers, H/W Heaters and windows all updated. Property is located close to public transportation, Schools and all major access routes which keep occupancy at 100%. Great Investment opportunity.
Public Records
Jan 1, 1986
Sold
$550,000
$156/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$13,057 (−1.2%)
$122,000 + $932,700
$1,054,700
2022
$13,217 (+3.9%)
$116,200 + $881,300
$997,500
2021
$12,725 (+7.7%)
$110,700 + $823,600
$934,300
2020
$11,810 (+56.5%)
$105,400 + $776,600
$882,000
2019
$7,545 (+20.1%)
$105,400 + $424,100
$529,500
2018
$6,283 (+5.2%)
$105,400 + $340,200
$445,600
2017
$5,970 (+21.6%)
$105,400 + $310,900
$416,300
2016
$4,908 (+15.1%)
$105,400 + $239,000
$344,400
2015
$4,265 (+15.2%)
$91,600 + $204,600
$296,200
2014
$3,702 (+5.3%)
$79,700 + $169,100
$248,800
2013
$3,516 (+5.0%)
$79,700 + $169,100
$248,800
2012
$3,350 (+3.7%)
$89,000 + $153,600
$242,600
2011
$3,230 (+6.8%)
$92,700 + $157,300
$250,000
2010
$3,023 (−28.2%)
$92,700 + $157,300
$250,000
2009
$4,209
$158,000 + $231,700
$389,700
Tax history for 237 Chestnut St
Year
Property tax
Land + Additions
Assessment*
2023
$13,057 (−1.2%)
$122,000 + $932,700
$1,054,700
2022
$13,217 (+3.9%)
$116,200 + $881,300
$997,500
2021
$12,725 (+7.7%)
$110,700 + $823,600
$934,300
2020
$11,810 (+56.5%)
$105,400 + $776,600
$882,000
2019
$7,545 (+20.1%)
$105,400 + $424,100
$529,500
2018
$6,283 (+5.2%)
$105,400 + $340,200
$445,600
2017
$5,970 (+21.6%)
$105,400 + $310,900
$416,300
2016
$4,908 (+15.1%)
$105,400 + $239,000
$344,400
2015
$4,265 (+15.2%)
$91,600 + $204,600
$296,200
2014
$3,702 (+5.3%)
$79,700 + $169,100
$248,800
2013
$3,516 (+5.0%)
$79,700 + $169,100
$248,800
2012
$3,350 (+3.7%)
$89,000 + $153,600
$242,600
2011
$3,230 (+6.8%)
$92,700 + $157,300
$250,000
2010
$3,023 (−28.2%)
$92,700 + $157,300
$250,000
2009
$4,209
$158,000 + $231,700
$389,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
1,742 Sq. Ft.
Year renovated
—
Sq. Ft.
3,513
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1287677
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Unfinished
Interior Features
# of Rooms (Total): 15
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: 3
Exterior
Building Information
Building Area (Total): 3,515
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Rubber
Property Information
PropertySubType: 3 Family - 3 Units Up/Down
Lot Information
Lot Size (Acres): 0.04
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $12,349
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Individually Metered
Location
Location Information
Directions: One block from Broadway
UnparsedAddress: 237 Chestnut St, Chelsea MA 02150
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Highway Access, T-Station
Public facts
Beds: 9
Baths: 3.0
Sq. Ft.: 3,513
Stories: 3.0
Lot Size: 1,742 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Suffolk County
APN: 1287677
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Eugene Wright Science And Technology Academy
Public 5-8 • Assigned • 0.1mi
4/10
Chelsea High School
Public 9-12 • Assigned • 0.5mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
79
64
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.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.02M – $1.24M
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