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$8,100,000
122 Days On Site

148 Park & Pearl St
Chelsea, MA 02150

For Sale|Multi Family|Pending
55
Beds
30
Full Baths
0
Partial Baths
24,219
SqFt
$334
/SqFt
1900
Built
County:
Suffolk

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148 Park & Pearl St148 Park & Pearl St148 Park & Pearl St148 Park & Pearl St
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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.

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Listing Snapshot
Price 
$8,100,000
Days On Site 
122 Days
Bedrooms 
55
Inside Area (SqFt) 
24,219 sqft
Total Baths 
30
Full Baths 
30
Partial Baths 
N/A
Lot Size 
0.24 Acres
Year Built 
1900
MLS® Number 
73281006
Status 
Pending
Property Tax 
$77,895
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoStatus changed to Pending
4 months agoListing first seen on site
General Features
Acres 
0.24
Disclosures 
The total monthly rent is $56,599,$32,767 is the maximum allowed by MLS. The total # of Rooms is 107,99 is the maximum allowed by MLS.
Foundation 
Other
Number Of Stories 
3
Parking 
Paved
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
24219
Water Source 
Public
Zoning 
R2
Interior Features
Appliances 
Gas Water Heater
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Exterior Features
Roof 
Rubber
Community Features
Community Features 
PoolTennis Court(s)Park
Listing courtesy of John Pentore of Horvath & Tremblay



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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.

Data Last Updated at 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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