128 Shurtleff St Chelsea — Photo 1 of 20
$1,299,000
Investment Analysis — 128 Shurtleff St
Chelsea, MA 02150
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02150 carries an estimated $10,110/mo in gross rent — about a 6.27% cap rate and $81,408/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.
Beds
11
Baths
4.5
SqFt
4,185
Style
3 Family
Built
1920
Exceptional Investment Opportunity in the Heart of Chelsea! Welcome to an outstanding multifamily investment opportunity ideally located in one of Greater Boston's most sought areas.This impressive three-family property offers approximately 4,185 square feet of living space and features three spacious residential units, providing investors with immediate income-producing potential and opportunities for future growth. With its classic architectural character, substantial layout, and desirable location, this property is perfectly suited for investors seeking to expand their portfolio or owner-occupants looking to live in one unit while generating rental income from the others. Each unit offers generous bedroom accommodations, functional living spaces, and the flexibility today's tenants desire. The property's full basement provides valuable additional storage and potential for future conversion as accessory dwelling unit, subject to applicable zoning and permitting requirements. Located in the vibrant city of Chelsea, this property benefits from convenient access to major highways, public transportation, Boston Logan International Airport, and downtown Boston. Chelsea continues to attract residents and investors due to its proximity to Boston, strong rental demand, diverse community, and ongoing revitalization.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property History
$1,299,000
Sep 16, 2026
MLS® 73578055
$1,170,000
Apr 22, 2025
MLS® 73347065
$1,199,900
Mar 18, 2025
MLS® 73347065
Listing Agent: Liliana Delgado
Listing Office: Cameron Real Estate Group
MLS® Number: 73578055
