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

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