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.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
©2025 MLS Property Information Network, Inc. All rights reserved.
Data last updated 4:09 PM UTC, 3/3/2025