OFF MARKET

Off market may 2024 for $1.4M

—

Est. refi paymentEst. refi $2,068/mo

•

4,500

sq ft

59-61 Division St, Chelsea, MA 02150

About this home

Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out – seize this lucrative investment today!

Multi-familyProperty Type

1920Year Built

2,200 sq ftLot Size

$322Price/Sq.Ft.

Listed by BLINK Estates Group • eXp Realty LLC

Bought with TEAM BRUSIL • Keller Williams Realty Boston-Metro | Back Bay

Redfin checked: a few seconds ago

•Source:MLS PIN #73213564

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 02150, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.3%

0.4% MoM

Median sale price

$528K

$20K MoM

Avg. days on market

26d

1 days MoM

Recently sold homes

2 MoM

New listings for sale

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415 Crescent Ave, Chelsea, MA 02150
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$380,000
1 bed1 bath623 sq ft
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$869,900
4 beds3.5 baths2,463 sq ft
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$539,900
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$685,900
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See all

Provided by Redfin

Sale history for 59-61 Division St

Date

Event

Price

MLS PIN #73213564

May 15, 2024

Sold

$1,450,000

$322/sq ft

Apr 4, 2024

Contingent

—

Mar 18, 2024

Listed

$1,475,000

$328/sq ft

MLS PIN #72966431

Jun 30, 2022

Sold

$1,375,000

$306/sq ft

Apr 13, 2022

Listed

$1,395,000

$310/sq ft

+16

GREAT INVESTMENT OPPORTUNITY!!. Well maintained, updated and professionally managed 5 unit building in the Lower Broadway area of Chelsea. New plumbing, electrical and heating in 2012, lead certificates, granite kitchen countertops, stainless steel appliances, newly painted common areas. 100% OCCUPANCY, STABLE TENANTS WITH 3+ YEARS OF RESIDENCY AND GROSSING $106,500 A YEAR WHICH IS UNDER MARKET. (1) one bed (2) two bed (1) three bed (1) four bed. Tenants pay their own utilities except water. Minutes from shops on Broadway, Route 1, Logan airport, Downtown Boston and much more.NO SHOWINGS UNTIL OPEN HOUSE ON 4/22 & 4/23

MLS PIN #71893806

Jan 8, 2016

Sold

$775,000

$172/sq ft

Nov 4, 2015

Pending

—

Sep 15, 2015

Price Changed

$799,000

$178/sq ft

Aug 24, 2015

Listed

$828,000

$184/sq ft

EAST BOSTON/CHELSEA INVESTORS TAKE NOTICE! INCREDIBLE 5 UNIT BUILDING FOR SALE! Consisting of 5 units and featuring (1) large one bed, (2) large two beds, (1) three bed and (1) four bed with two levels of living! The units were completely renovated just a few years ago and are very well maintained. Enjoy granite kitchens with ss. Appliances, bamboo floors, tiles baths and beautiful crown molding throughout. Seller has lead certificates for each unit! New electrical, plumbing and heating installed in 2012! Wow! This gem is currently grossing approx $85,000 per year! Stable tenants pay their own utilities. A true must own for the long term investor. Located minutes from major transportation routes, Boston Logan Airport, Boston’s Financial District and East Boston! Do not miss!

MLS PIN #71234115

Jun 29, 2011

Sold

$201,000

$45/sq ft

May 17, 2011

Listed

—

Public Records

Oct 18, 2005

Sold

$275,000

$61/sq ft

Year

Property tax

Land + Additions

Assessment*

2023

$12,489 (−4.5%)

$148,700 + $860,100

$1,008,800

2022

$13,071 (+34.7%)

$141,700 + $844,800

$986,500

2021

$9,707 (+4.7%)

$134,900 + $577,800

$712,700

2020

$9,269 (−3.4%)

$128,500 + $563,700

$692,200

2019

$9,592 (+2.0%)

$128,500 + $544,600

$673,100

2018

$9,400 (+35.2%)

$128,500 + $538,200

$666,700

2017

$6,953 (+17.6%)

$128,500 + $356,400

$484,900

2016

$5,912 (+2.9%)

$128,500 + $286,400

$414,900

2015

$5,748 (+10.7%)

$111,700 + $287,500

$399,200

2014

$5,192 (+5.3%)

$97,200 + $251,700

$348,900

2013

$4,930 (−10.4%)

$97,200 + $251,700

$348,900

2012

$5,505 (+15.4%)

$108,800 + $289,800

$398,600

2011

$4,771 (+3.1%)

$113,300 + $256,000

$369,300

2010

$4,628 (−7.3%)

$113,300 + $269,500

$382,800

2009

$4,992

$184,600 + $277,600

$462,200

Tax history for 59-61 Division St

Year

Property tax

Land + Additions

Assessment*

2023

$12,489 (−4.5%)

$148,700 + $860,100

$1,008,800

2022

$13,071 (+34.7%)

$141,700 + $844,800

$986,500

2021

$9,707 (+4.7%)

$134,900 + $577,800

$712,700

2020

$9,269 (−3.4%)

$128,500 + $563,700

$692,200

2019

$9,592 (+2.0%)

$128,500 + $544,600

$673,100

2018

$9,400 (+35.2%)

$128,500 + $538,200

$666,700

2017

$6,953 (+17.6%)

$128,500 + $356,400

$484,900

2016

$5,912 (+2.9%)

$128,500 + $286,400

$414,900

2015

$5,748 (+10.7%)

$111,700 + $287,500

$399,200

2014

$5,192 (+5.3%)

$97,200 + $251,700

$348,900

2013

$4,930 (−10.4%)

$97,200 + $251,700

$348,900

2012

$5,505 (+15.4%)

$108,800 + $289,800

$398,600

2011

$4,771 (+3.1%)

$113,300 + $256,000

$369,300

2010

$4,628 (−7.3%)

$113,300 + $269,500

$382,800

2009

$4,992

$184,600 + $277,600

$462,200

*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

Baths

5.5

Stories

Lot width

—

Lot depth

—

Lot size

2,178 Sq. Ft.

Year renovated

—

Sq. Ft.

3,600

Year built

1920

Style

Multi-Family (5+ Unit)

County

Suffolk County

APN

1286216

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 25, 2025.

Property details

Interior

Bathroom Information
# of Bathrooms (Full): 5
# of Bathrooms (Half): 1

Basement Information
Basement: Full

Laundry Information
Laundry Features: Electric Dryer Hookup

Interior Features
# of Rooms (Total): 22
Window Features: Insulated Windows, Storm Window(s)
Flooring: Wood
Interior Features: Lead Certification Available, Living Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: Y

Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N

Exterior

Building Information
Building Area (Total): 4,500
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Actual
Lead Paint: Certified Treated

Exterior Features
Roof: Shingle

Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down

Lot Information
Lot Size (Acres): 0.05
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $12,489
Tax Year: 2023

Utilities

Utility Information
Utilities: for Gas Range, for Gas Oven, for Electric Dryer
Sewer: Public Sewer
Water Source: Public
Electric: 110 Volts

Heating & Cooling
Has Heating
Has Cooling
Heating: Forced Air, Natural Gas
Cooling: Window Unit(s)

Location

Location Information
Directions: Park St to Division St
UnparsedAddress: 59-61 Division St, Chelsea MA 02150

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina

Public facts

Beds: 12
Baths: 5.5
Sq. Ft.: 3,600
Stories: 2.0
Lot Size: 2,178 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Suffolk County
APN: 1286216

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 • 0.2mi

Eugene Wright Science And Technology Academy

Public 5-8 • Assigned • 0.4mi

4/10

Chelsea High School

Public 9-12 • Assigned • 0.8mi

2/10

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

66% 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)

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

Is this your home?

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Home values near 59-61 Division St

Data from public records.

Address	Redfin Estimate
50 Division Street, Chelsea, MA 4 Beds \| 2 Baths \| 1232 Sq. Ft.	$628,276
84 Pearl Street, Chelsea, MA 3 Beds \| 3 Baths \| 2274 Sq. Ft.	$795,704

Address	Redfin Estimate
80 Pearl Street, Chelsea, MA 4 Beds \| 2.5 Baths \| - Sq. Ft.	$868,142
92 Pearl Street #1, Chelsea, MA 1 Beds \| 1 Baths \| 1047 Sq. Ft.	$462,310

Address	Redfin Estimate
82 Pearl Street, Chelsea, MA 4 Beds \| 3 Baths \| 2320 Sq. Ft.	$781,520
92 Pearl Street #3, Chelsea, MA 1 Beds \| 1 Baths \| 700 Sq. Ft.	$370,412

Property information provided by MLS PIN when last listed in 2024. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 02150, MA

Sale history for 59-61 Division St

Tax history for 59-61 Division St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 02150

Home values near 59-61 Division St

More real estate resources