239 Chestnut St, Chelsea, MA 02150

239 Chestnut Street is a three unit multi-family building comprised of three, 3-Bedroom/1-Bathroom units with 3,513 square feet of living area in 4,684 total square feet on a 0.043-acre parcel. 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. The building has been well maintained during ownership. 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. 239 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, with public transportation readily available.