20 Hy-Sil Avenue

Chelsea is one of the most densely populated cities in Massachusetts — roughly 38,000 residents packed directly across the Mystic River from Boston and Logan International Airport. It is a Gateway City with a young, heavily immigrant population; the median age is about 34, and roughly 65% of residents identify as Hispanic (2024). Housing skews overwhelmingly to renters: about 74% of households rent, and median household income is near $72,000 (2024). Location drives demand — Chelsea abuts Boston, Everett, Revere, and Somerville, and the Silver Line SL3 bus rapid transit runs dedicated lanes to Logan Airport, the Seaport, and South Station. The local economy runs on food distribution and logistics. The New England Produce Center on Market Street is one of the largest wholesale produce markets in the country and employs over a thousand people, and a Massachusetts General Hospital satellite adds health-care jobs.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 $4,000,000 — $250,000 per unit and $276.28 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, common-area electric, and internet and security. In-place gross scheduled rent runs $424,500, supporting net operating income of $288,640 — a 7.22% cap rate at the asking price. Marking the remaining units toward market lifts scheduled rent to $453,600 and NOI to $314,282, a 7.86% 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 above 7%, a clear path to 7.86% as leases turn, and light owner utility exposure. Coin-op laundry adds $3,302 of underwritten ancillary income, and a rooftop leased to three wireless carriers sits outside the in-place numbers. 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.