465 Chapel St Lee, MA 01238
10 Beds
9 Baths
5,690 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,690 sqft
Price per Sqft $174
MLS Listing ID 249582
Style Victorian
Bedrooms 10
Full Baths 9
Year Built 1880
Annual Tax Amount $8,741
Tax Year 2025
Lot Size 2.500 Acres
Acres 2.5
Lot Dimensions 108,900
Source Berkshire County Board of REALTORS®
Property Description
This is an exceptional opportunity to own a fully occupied, income-producing Victorian multifamily property set on 2.5 beautifully landscaped acres in a highly desirable South County location. Combining classic charm with strong rental performance, this property is ideal for investors seeking both stability and long-term potential-MLS listing only displays 8 units. Please see rent roll under documents.
The building features a total of nine residential units, thoughtfully configured to attract a diverse tenant base. There are two efficiency one-bedroom units, one spacious two-bedroom unit, and six standard one-bedroom units, each offering a comfortable layout with a living room and full kitchen. The property is currently fully occupied, providing immediate and consistent rental income. It has a strong occupancy history and appealing unit mix contribute to long-term tenant retention and investment reliability.
The grounds are beautifully landscaped, enhancing curb appeal while offering a pleasant environment for residents. The expansive 2.5-acre lot provides a sense of privacy and space that is rarely found in multifamily properties of this size.
Additional amenities include private parking for up to 16 vehicles, ensuring convenience for tenants, as well as a coin-operated washer and dryer that generates supplemental income. A storage shed is also located on the property, offering space for maintenance equipment or tenant use.
Recent updates include a furnace and chimney liner that are both less than one year old, helping to reduce immediate capital expenses and improve overall efficiency.
An extra lot is included with the sale, presenting potential for future development, expansion, or added value.
This is a turnkey investment opportunity in a desirable location, offering immediate income with room for future growth. Financial details are available upon request for qualified buyers.
Location
State MA
Area Middle Registry
Direction Heading into downtown Lee, go east on Rt 20 (Chapel Street) toward Becket. Pass the Lee Outlet Village, subjectt property on the left side.
Rooms
Basement Exterior Entrance, Unfinished, Interior Access, Concrete Floor, Bulk head
Interior
Heating Nat Gas
Flooring Linoleum, Wood
Laundry In Basement, Coin Op
Exterior
Exterior Feature Trash Private, Outbuilding
Parking Features false
Garage Description Garaged
Roof Type Asphalt
Garage false
Building
Sewer Public Sewer
Water Public
Architectural Style Victorian
Schools
Elementary Schools Lee
Middle Schools Lee
High Schools Lee