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116-118 Cottage St

Chelsea, MA 02150
$1,525,000
14 Beds
4 Baths
5,336 Living Area
  • Property Description
    ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more
  • Highlights
    • Heating: Baseboard, Natural Gas, Hot Water, Oil, Individual
    • Property Class: Residential Income
    • Total Rooms: 26
    • Status: Closed
    • Parking Spots: 2
    • Property Type: 4 Family - 4 Units Side by Side
    • Year Built: 1920
  • Additional Details
    • Appliances: Range, Microwave, Refrigerator, Dishwasher, Range Hood, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
    • Construction: Frame
    • Flooring: Vinyl, Carpet, Laminate, Wood, Parquet
    • Interior Features: Pantry, Bathroom With Tub & Shower, Remodeled, Ceiling Fan(s), Living Room, Dining Room, Kitchen
    • Road Frontage Type: Public
    • Total Number of Units: 4
    • Year Built Source: Public Records
    • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
    • Exclusions: Personal/Tenant Possessions
    • Foundation: Block, Brick/Mortar
    • Lot Features: Gentle Sloping
    • Roof: Other
    • Year Built Details: Approximate
    • Zoning: R3
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School
    • Parking Features: Shared Driveway, Off Street
    • Covered Parking Spaces: 2
    • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Utilities
    • Electric: Circuit Breakers, Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $1,140,000
    • Tax Year: 2024
    • Total Rent: $2,700
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
    • Taxes: $13,566

Location

116-118 Cottage St, Chelsea, MA 02150

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Century 21 Mario Real Estate. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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