Cohen + White Associates
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465 Chapel St, Lee, MA 01238

$1,125,000
Property Type: MultiFamily Bedrooms: 9 Baths: 9 Square Footage: 5,690 Lot Size (sq. ft.): 108,900 Status: Active
Current Price: $1,125,000 List Date: 3/01/2025 Last Modified: 3/06/2025

Description

Prime Investment Opportunity - Fully Occupied 9-Unit Victorian on 2.5 Acres! This exceptional income-producing property features a beautifully maintained Victorian-style building with nine rental units—a mix of studios, four 1-bedroom units, and one spacious 2-bedroom apartment with open-concept kitchens. Situated on 2.5 acres, the property offers ample off-street parking for 15 cars, a coin-operated laundry, and a storage shed for added convenience. Key updates include a new natural gas furnace (to be installed) and a roof replacement in 2013. With full occupancy and strong rental demand, this is a turn-key opportunity for any savvy investor.

More Information MLS# 245624

Contract Information

Current Price: $1,125,000 Status: Active List Date: 2025-02-28 List Price: $1,125,000 Original List Price: 1125000 Limited Service: No Agent Interest: None

Location Tax Legal

Registry: Middle Registry Street #: 465 Street Name: Chapel Street Ext: St State/Province: MA Postal Code: 01238

General Property Description

Realtor.COM Type: Multi-Family Sq Ft Liv Apx: 5690 Sq Ft Source: Other Total Rooms: 16 Total Bedrooms: 9 Total Full Baths: 9 Total Bathrooms: 9 Parking Spaces Type: Off Street Surveillance: No Unit Style: Flat Year Built Apx: 1880 Year Built Source: Assessor Acres Apx: 2.5 Lot Size SqFt: 108900

Status Change Info

Status Change Date: 2025-02-28

Building Info

Exterior Color: beige

Heating Sys #

Heating Sys #: 1

Hot Wtr Sys #

Hot Wtr Sys#: 1

Property Features

No of Units: 9 or More Restrict Covenants: No Title V: Not Applicable Underground Oil Tank: Unk Water: Public Sewer: Public Right to Farm Comm: Yes Flood Hazard Area: Unk Right of Way: No; Unk Incl in Rent: Electric; Heat; Hot Water; Trash Removal Lot Description: Paved Drive Electric Type: 100 Amp Style: Victorian Interior Amenities: Pets Allowed Internet Service: Cable Available Accessibility: 1st Fl Bdrm; 1st Flr Bdrm w/Bath; 1st Flr Full Bath Exterior Amenities: Lighting; Outbuilding; Trash Private Appliances Incl: Dryer; Range; Refrigerator; Washer Construction: Wood Frame Exterior Siding: Clapboard Roof: Asphalt; Membrane Basement: Bulk head; Concrete Floor; Interior Access; Unfinished; Exterior Entrance Floor: Linoleum; Wood Garage: None Fuel: Nat Gas Hot Water: Nat Gas Laundry: Coin Op; In Basement Lead Paint: Yes Zoning: Multi; Residential Seller Disc: No Possession: Close Of Escrow
Listing Office: WILLIAM PITT SOTHEBY'S - GT BARRINGTON
Listing Agent: Christian Deckert
Last Updated: March - 06 - 2025
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