65 Woodlawn Avenue Chelsea — Photo 1 of 42
Recent Drop: $100,000
$1,750,000
Investment Analysis — 65 Woodlawn Avenue
Chelsea, MA 02150 — Prattville
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 5-unit multi-family in 02150 carries an estimated $11,895/mo in gross rent — about a 5.35% cap rate and $93,682/yr in estimated NOI at the $1,750,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
5
SqFt
4,357
Style
5-9 Family
Built
1970
The property consists five condominiums within a five unit HOA. (5 of 5) This condominium structure provides significant upside potential should the buyer wish to sell them individually shortly after closing, or at some point in the future. The "conversion" has already been done. Because the Buyer will own 100% of the condominiums, it can be operated as an apartment building. The best of both worlds. If the Buyer prefers, the HOA can be revoked prior to closing, and the property can be delivered to the buyer as an apartment building. Three of the five condominiums have seen significant improvement since original construction. See photos of each condominium. Four of the condominiums have large walk-in storage closets at the 3rd level. See floor plans with the Documents tab. This property has been owned, professionally managed, and maintained for more than forty years by Mastrocola Management. Inspect it. It will be obvious that it has been well cared for.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Washer • Dryer • Range • Disposal • Microwave • Refrigerator • Range Hood • Dishwasher
Neighborhood
Public Transportation • Park • Highway Access • Sidewalks
Geography
Property History
$1,750,000
Was $1,850,000
Sep 24, 2026
MLS® 73576991
$1,850,000
Sep 14, 2026
MLS® 73576991
Listing Agent: Frank Mastrocola
Listing Office: Mastrocola Management, Inc.
MLS® Number: 73576991