20 Hy-Sil Avenue, Chelsea, MA 02150 For Sale

Northeast Private Client Group is pleased to present 7 & 20 Hy-Sil Ave, a 16-unit, 14,478-square-foot brick apartment building in Chelsea, Massachusetts, directly across the Mystic River from downtown Boston. Built in 1978 and set on a 0.153-acre lot with an off-street parking lot, the property is offered at $4,250,000 — $265,625 per unit and $293.55 per square foot.

The rent roll is entirely residential: nine one-bedrooms averaging 700 square feet, four two-bedrooms at 900, and three three-bedrooms at 1,100. Tenants carry their own electric baseboard heat, holding owner-paid expenses to water and sewer, trash, and internet and security.

In-place gross scheduled rent runs $421,200, supporting net operating income of $287,185 — a 6.8% cap rate at the asking price. Marking the remaining units toward market lifts scheduled rent to $453,600 and NOI to $320,254, a 7.54% pro forma yield, with management underwritten at 4% of effective income.

7 & 20 Hy-Sil Ave offers a stabilized multifamily investment with a going-in yield near 7%, a clear path to 7.54% as leases turn, and light owner utility exposure. Coin-op laundry and a rooftop leased to three wireless carriers add ancillary income. It is stabilized income today with room to grow — minutes from Boston.

All interested and qualified parties will have the opportunity to obtain additional information upon request.