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Investment Highlights

  • Zoned R-3
  • Site access on two major roads
  • Ideal for residential development
  • Prime location in Boston area
  • Flat paved site requiring minimal demolition
  • High-demand area

Executive Summary

Experience an exceptional investment opportunity with this prime multifamily property in the Boston area. Zoned R-3, the property at 717-721 Broadway & 10-24 Spencer Ave, Chelsea, MA offers an ideal setting for a prospective Land/Multifamily investor. Boasting a strategic location, this site is primed for residential development, presenting an attractive proposition for those looking to capitalize on the continuously growing demand for housing in the bustling Boston area. With its advantageous zoning and coveted position, this property invites investors to explore the potential for creating a valuable multifamily asset in this dynamic market.
Discover the vibrant potential of the Chelsea, MA, market with the Broadway & Spencer Ave Development. As a prospective Land/Multifamily investor, you'll appreciate the area's convenience to Boston, just a short drive away, providing access to a dynamic job market and diverse cultural attractions. Nearby, you'll find iconic landmarks such as Bellingham Square, Chelsea Square, and lively dining and entertainment options. With easy access to public transportation and major highways, the location offers a blend of urban energy and suburban tranquility, making it an enticing investment opportunity in the Greater Boston area.

Property Facts

Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Land Area 0.70 AC

Properties

Property Name / Address Property Type Size Individual Price
10-24 Spencer Ave, Chelsea, MA 02150 Land 0.53 AC -
717-721 Broadway, Chelsea, MA 02150 Land 0.18 AC -
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  • Listing ID: 39793447

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: Broadway & Spencer Ave Development, Chelsea, MA

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