152–154 Chelsea Street

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Address: 154 Chelsea St #152, East Boston, MA 02128, USA
Boston & New England + Apartment Buildings
Created date: July 9, 2026
Date last updated: September 16, 2026
Price: $2,300,000Investment Analyzer NEW!
  • Rents ~13% Below Market
  • The Mark Is Already Proven
  • Three Income Streams
  • Two Miles from Downtown Boston
  • Workforce Renter Base
  • Value Rents, Premium Access
  • Institutional Tailwind

Property Description

Northeast Private Client Group is pleased to present 152–154 Chelsea Street , a six-unit mixed-use building with an adjoining parking lot in, East Boston, two miles from downtown Boston. The offering consists of (3) one-bedroom and (2) two-bedroom apartments over a street-level retail storefront, plus the on-site parking lot generating $4,800 per year of additional income. Tenants pay their own heat and electric, keeping the expense load light. In-place residential rents run roughly 13% below market, and ownership’s own recent leasing proves the mark — one-bedrooms have already achieved $2,155 and two-bedrooms $2,895. Marking the remaining units to market lifts NOI from $128,958 to $151,881 and the cap rate from 5.61% to 6.60% on the $2,300,000 asking price. East Boston is the city’s workforce-housing hub: 71% renter-occupied, anchored by Logan Airport’s ~20,000 jobs next door, the Encore casino across the creek, and downtown’s employment core two Blue Line stops from Maverick Square. Asking rents here still sit hundreds of dollars below Boston’s citywide average — durable demand at attainable rents, minutes from everything. All interested and qualified parties will have the opportunity to obtain additional information upon request.
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Broker Details

Francis Saenz
Francis Saenz

Northeast Private Client Group 857-990-6803

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,300,000
No. of Units: 6
Year Built: 1902
Lot Size: 0.04 Acres
Opportunity Zone: No
Price per unit: $383,333
Property Website Click Here
Address: 152–154 Chelsea Street, East Boston, MA 02128, USA
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Step 4Final Deal Analysis

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