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About this home
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.
Multi-familyProperty Type
1920Year Built
2,687 sq ftLot Size
$310Price/Sq.Ft.
Listed by Liliana Delgado• Cameron Real Estate Group
Downtown Chelsea Residential District, located between Chelsea Square and the Mystic River waterfront, is a historic and walkable Chelsea neighborhood with brick mill architecture and pocket parks. The neighborhood’s character concentrates around Broadway at Everett Avenue, where taquerias, bakeries, barbershops, and small markets keep the sidewalks in motion. Anchors like the Chelsea Theatre Works, the Chelsea Clock Company building, and the Chelsea Public Library give the district a civic, creative pulse. Triple-deckers and compact apartment blocks line side streets, while older commercial facades frame the main corridor. Mary O’Malley Park and the waterfront paths add open-air breathing room. Silver Line service at Chelsea Station links the district to the region’s transit grid.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
17 total rooms
Full basement that is partially finished
Three heating units
Bathrooms
3 full bathrooms
3 half bathrooms
Heating & cooling
Three separate heating units
Exterior features
Patio
Public road frontage on a paved road
Home design
3-family property
3 levels/stories total
Parking
Paved driveway and on-street parking
Open parking available
Construction
Stone construction
Rubber roof
Concrete perimeter foundation
Built (year per public records)
Utilities
Public water
Public sewer
HOA & community
Access to public transportation, T-Station, shopping, park, medical facility, laundromat, highway access, house of worship, and public school
Other
Above-grade finished area of 4,185 and below-grade finished area of 1,395
Property listed as active
Lead paint present and certified treated
Electricity and solar
View estimated energy costs and solar savings for this home
This exceptional package deal features two side-by-side, attached 3-family brick buildings in the heart of Central Chelsea. Each property offers a 3-4-4 bedroom unit layout, with 1.5 baths in each unit. Additionally, there’s approximately 800 sq. ft. of basement space per building, presenting the potential to add an extra unit (subject to approval). Current rents are significantly below market value, providing a substantial upside for investors. All units are tenant-occupied, on a tenant-at-will basis.Please note that 128 and 130 Shurtleff St must be sold together as a package — no separate sales. Showings available by appointment with accompaniment. Properties are being sold as-is.
Public Records
Jul 27, 2000
Sold
$300,000
$72/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$9,889 (−1.2%)
$154,000 + $644,800
$798,800
2022
$10,008 (+3.7%)
$146,700 + $608,600
$755,300
2021
$9,652 (+7.6%)
$139,700 + $569,000
$708,700
2020
$8,971 (−0.4%)
$133,100 + $536,900
$670,000
2019
$9,006 (+4.2%)
$133,100 + $498,900
$632,000
2018
$8,639 (−28.2%)
$133,100 + $479,600
$612,700
2017
$12,024 (+19.5%)
$203,300 + $635,200
$838,500
2016
$10,063
$203,300 + $502,900
$706,200
2015
$10,073 (+14.3%)
$176,800 + $522,700
$699,500
2014
$8,816 (+5.3%)
$153,800 + $438,700
$592,500
2013
$8,372 (+3.4%)
$153,800 + $438,700
$592,500
2012
$8,098 (+4.2%)
$139,800 + $446,600
$586,400
2011
$7,775 (+2.8%)
$145,600 + $456,200
$601,800
2010
$7,566 (−2.5%)
$145,600 + $480,200
$625,800
2009
$7,757
$181,700 + $536,500
$718,200
Public record
Public record
Zoning
Beds
9
Baths
4.5
Stories
3
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,185
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,185
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1287186
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 25, 2025.
R2
Residential R-2 District
The purpose of the R2 district is to provide an area for multifamily dwellings and associated uses.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Fire house
Police station
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Chelsea, MA • 02150
Average low and high temperatures (°F)
34
22
37
24
51
34
58
42
68
52
79
63
84
69
78
63
73
60
64
49
53
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 128 Shurtleff St
$1,307,664
$8,664 over list price of $1.30M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $895K to $1.4M.