465 Chapel St, Lee, MA 01238 (MLS# 249582)
$995,000
Lee, MA 01238
MLS# 249582
10 beds | 9 baths | 5690 sqft
1 / 65
Property Description
For Sale: 9-Unit Victorian Investment Property - Prime South County Location 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.
Details
Maps
Documents
Contract Information
Accessory Dwelling Unit: No
Original List Price: 995000
Limited Service: No
Agent Interest: None
Current Price: $995,000
Status: Active
List Date: 2026-05-09
List Price: $995,000
Location, Tax & Legal
Village: South Lee
Assess Amt: 777000
Elem School: Lee
Middle School: Lee
High School: Lee
Assessed Year: 2025
Taxes: 8741
Tax Year: 2025
Page: 227
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
Total Bathrooms: 9
Parking Spaces Type: Garaged
Sq Ft Source: Assessor
Total Rooms: 0
Total Bedrooms: 10
Unit Style: Other
Year Built Source: Assessor
Lot Size Dimensions: 108,900
Lot Size SqFt: 108900
Sq Ft Liv Apx: 5690
Total Full Baths: 9
Year Built Apx: 1880
Acres Apx: 2.5
Remarks & Misc
Directions: Heading into downtown Lee, go east on Rt 20 (Chapel Street) toward Becket. Pass the Lee Outlet Village, subjectt property on the left side.
Marketing/Headline: For Sale: 9-Unit Victorian Investment Property - Prime South County Location
Restrict Covenants
No: 1
Basement
Bulk head: 1
Concrete Floor: 1
Interior Access: 1
Unfinished: 1
Exterior Entrance: 1
Exterior Amenities
Outbuilding: 1
Trash Private: 1
Flood Hazard Area
Unk: 1
Floor
Linoleum: 1
Wood: 1
Fuel
Nat Gas: 1
Garage
None: 1
Heat/Cool/Vent
Steam: 1
Hot Water
Nat Gas: 1
Lead Paint
Yes: 1
Title V
Not Applicable: 1
Underground Oil Tank
Unk: 1
Water
Public: 1
Right to Farm Comm
Yes: 1
Sewer
Public: 1
No of Units
9 or More: 1
Building Info
Exterior Color: Beige
Right of Way
Unk: 1
Incl in Rent
Electric: 1
Heat: 1
Hot Water: 1
Parking: 1
Trash Removal: 1
Electric Type
100 AMP (# of Units): 9
Construction
2x6 Walls: 1
Wood Frame: 1
Roof
Asphalt: 1
Style
Victorian: 1
Zoning
Residential: 1
Seller Disc
No: 1
Exterior Siding
Vinyl: 1
Laundry
Coin Op: 1
In Basement: 1
Heating Sys #
Heating Sys #: 1
Hot Wtr Sys #
Hot Wtr Sys#: 1
Electric Meters #
Electric Meters #: 1
Mandatory HOA
No: 1
Possession
Close Of Escrow: 1
Status Change Info
Status Change Date: 2026-05-19
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: Unk
Incl in Rent: Electric; Heat; Hot Water; Parking; Trash Removal
Style: Victorian
Exterior Amenities: Outbuilding; Trash Private
Construction: 2x6 Walls; Wood Frame
Exterior Siding: Vinyl
Roof: Asphalt
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: Residential
Seller Disc: No
Mandatory HOA: No
Possession: Close Of Escrow
Supplements
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.
Lead Paint Disclosure 
Rent Roll 
Listing Office: STONE HOUSE PROPERTIES, LLC
Listing Agent: Timothy Gallagher
Last Updated: June - 09 - 2026
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