23-25 Division St is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams/23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.
Listed by John Pentore
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Horvath & Tremblay
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781-776-4004
Listed by Dennis Kelleher
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Horvath & Tremblay
Listed by Kelleher - Pentore Team
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Horvath & Tremblay
Last updated September 06, 2025
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Source: MLSPin #73352092
Listing Facts
TypeMulti-family
NeighborhoodDowntown Chelsea Residential District
Bedrooms8
Bathrooms6
Days on Prevu160
Taxes$18,235/year
Size3,435 sqft
Price per sqft$377
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/05/2025
Price Decreased
$1,295,000
06/05/2025
Status changed to Active
$1,325,000
06/01/2025
Status changed to Expired
$1,325,000
03/31/2025
Listed by Horvath & Tremblay
$1,325,000
Property Details for 23-25 Division St
Exterior
Construction
Number Of Units Total: 5
Roof: Rubber
Stories: 5
Stories Total: 5
Year Built: 1900
Year Built Details: Approximate
Features
Waterfront Features: 1/2 To 1 Mile To Beach
Measurements
Building Area Total: 3,435
Building Area Units: Square Feet
Lot Features: Corner Lot
Lot Size Acres: 0.05
Lot Size Area: 0
Lot Size Square Feet: 2,178
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $153,740.00
Operating Expense: $48,357.00
Taxes
Tax Annual Amount: $18,235.00
Tax Assessed Value: $1,132,600.00
Tax Year: 2025
Interior
Measurements
Living Area: 3,435
Living Area Source: Public Record
Rooms
Bathrooms Full: 4
Bathrooms Half: 2
Bathrooms Total Integer: 6
Bedrooms Total: 8
Rooms Total: 18
Utilities
Equipment
Electric: Individually Metered
Sewer: Public Sewer
Water Source: Public
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