148 Park & Pearl St Chelsea, MA 02150
Listing Courtesy of: MLS PIN / Horvath & Tremblay / John Pentore

  148 Park & Pearl St Chelsea, MA 02150

Sold (54 Days)
$7,800,000
55
BED
30
BATH
24,219
SQFT

Description

The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit’s interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.

MLS #:
73281006
Taxes
$77,895(2024)
Lot Size
10,454 SQFT
Type
Multifamily
Year Built
1900
County
Suffolk County

Listed By

John Pentore, Horvath & Tremblay
Bought with
John Pentore
Source
MLS PIN
Last checked May 27 2025 at 5:46 PM EDT
Bathroom Details
Property Features
  • Fireplace: 0
  • Foundation: Other
Exterior Features
  • Roof: Rubber
Utility Information
  • Utilities: Water: Public
  • Sewer: Public Sewer
Parking
  • Paved Drive
Stories
  • 3
Living Area
  • 24,219 sqft
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