Active
505-509 Chatham
Lynn MA, 01902
$3,200,000
$231.72 per sqft
Active
22 Beds
12 Baths
13,810 sqft
Multi-family
Built in 1910
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market.
73319791
MLSⓇ ID
December 13, 2024
Listed
March 3, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
22
Total Bathrooms
12
Full Bathrooms
12
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.32 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Taxes
$30,185
Tax Frequency
Annually
Days on Market
75
Garage
No
Parking Total
12
View
No
County
Essex
Water Source
Public
Zoning
R4
Listing History
Date | Event | Price |
|---|---|---|
2/8/2025 | Price change | $3,200,000 -4% |
2/8/2025 | Active | — |
2/2/2025 | Pending | — |
Courtesy of Oleg Elisev, Greenville Real Estate Group, Inc.
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Data last updated 4:09 PM UTC, 3/3/2025
