4 Warren Ave, Chelsea, MA 02150
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$1,650,000
6 Unit
12 Beds
6 Baths
3712 SQFT
0.17 Acre

Property Description

Exceptional 6-unit investment opportunity in Chelsea’s desirable Prattville neighborhood, just minutes to the Tobin Bridge and Revere Beach Parkway. This well-maintained multi-family features (2) lower-level units with full-height ceilings and two egresses, (2) first-floor units, and (2) second-floor units. Four of the six units have been updated with modern kitchens and baths. Each apartment has separate utilities and its own rear balcony. The building includes gas heating systems (approx. 10 years old), a fire panel, common electric meter, and off-street parking for 6 cars. Roof replaced 8 years ago; siding is 15 years old. Strong current cash flow with 6–7% CAP rate and upside potential through future rent increases. Ideal for investors looking to grow or stabilize their portfolio in a prime commuter location close to Boston.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Medical Facility, Public Transportation, Shopping
  • Basement Features: Finished, Full, Other (See Remarks)
  • Common Rooms: Mudroom
  • Common Appliances: Dryer, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 11400
  • Net Operating Income: 117000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Concrete Block
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73389751
  • Last Updated: 06/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/15/2025Active$1,650,000$445MLSPIN
06/11/2025New$1,650,000$445MLSPIN

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Seller's Representative: Peter Giannikopoulos, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-15 04:05:00