23-25 Division Street

Chelsea, MA 02150

$1,395,000
Price
7
Beds
4
Baths
2
1/2 Baths
4,060 Sq. Ft.
$344 / Sq. Ft.
4,060
Sq. Ft.
$344
per Sq. Ft.

Description

Two buildings for the price of one! Seriously, if you are looking for a great investment with value add potential, this is it. 2 attached buildings on 2 separate parcels comprising 4 residential units + 1 commercial unit. 23 Division/9-11 Williams is a 2 story building w/a 2 bed/1 bath residential unit and a commercial space which is leased to a popular Tavern. 25 Division Street is a 3 story brick rowhouse containing (3) 2 bedroom apartments. All residential units are on fixed term leases, with...Two buildings for the price of one! Seriously, if you are looking for a great investment with value add potential, this is it. 2 attached buildings on 2 separate parcels comprising 4 residential units + 1 commercial unit. 23 Division/9-11 Williams is a 2 story building w/a 2 bed/1 bath residential unit and a commercial space which is leased to a popular Tavern. 25 Division Street is a 3 story brick rowhouse containing (3) 2 bedroom apartments. All residential units are on fixed term leases, with most having renewed to 8/31/25! The Tavern is a long standing tenant with a lease to 2028. Anticipated income is $149K with net income of over $108K. The location is at the gateway from East Boston to Chelsea, and is prime for FUTURE DEVELOPMENT/expansion with POTENTIAL WATER VIEWS FROM THE PROPERTY. In a sea of overpriced listings, THIS IS A DEAL. Pro-forma Available.
  1. Listed by The Residential Group • William Raveis R.E. & Home Services
  2. Listed by Jason Manganello • William Raveis R.E. & Home Services

Property Details for 23-25 Division Street

Town
Chelsea
Area
MA-Chelsea
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of William Raveis R.E. & Home Services, The Residential Group; William Raveis R.E. & Home Services, Jason Manganello
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LISTING UPDATED: 04/18/2024 05:59 PM

Property Details for 23-25 Division Street

StatusActive
MLS #73220764
Days on Market25
Taxes$16,546 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountySuffolk County

Location

Listing Courtesy of William Raveis R.E. & Home Services, The Residential Group; William Raveis R.E. & Home Services, Jason Manganello
Add your commute

Building Information for 23-25 Division Street

Stories8Residences5Year Built1900Building Size-Lot Size0.05 AC / 2,033 SF

Payment Calculator

$8,992 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$1,379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 23-25 Division Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station
  • Living Area: 4060.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 6.0
  • Num of Full Baths: 4
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Kitchen, Living RM/Dining RM Combo
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Sale includes 23 Division Street/9-11 Williams Street (building w/1 residential + 1 commercial) and 25 Division Street (building w/3 residential). A total of 4 residential + 1 commercial. Data shown is for the combination of both buildings. Rents and Expenses are pro-forma as of 9/1/24.
Tax Information
  • Assessments: $1,016,900
  • Book: 0
  • Tax Year: 2023
  • Zoning: W
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Pro. Forma Available
  • GOI: $149,181.00
  • GRE: $40,678
  • NOI: $108,503.00
  • Operating Expense: $40,678.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,641.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 23-25 Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 23-25 Division Street

This home is within Chelsea School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 5 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Shurtleff Early Childhood
PublicPK to 1

Joseph A. Browne School
Public5 to 8

Chelsea High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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23-25 Division Street is a multi-family home for sale in Chelsea, MA 02150. This property was listed for sale on April 5, 2024 by William Raveis R.E. & Home Services, it's currently listed at $1,395,000. This listing's school district is Chelsea School District. Nearby schools include Shurtleff Early Childhood, Joseph A. Browne School and Chelsea High School. 23-25 Division Street is a 7-bed, 5-bath, 4,060 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis R.E. & Home Services, The Residential Group; William Raveis R.E. & Home Services, Jason Manganello

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.