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INVESTMENT SNAPSHOT
About this property
Exceptional fully renovated four-unit mixed-use property in the heart of East Lynn, offering strong income, flexibility, and owner-user potential. The building features two street-level commercial spaces and two updated residential apartments. Each commercial unit includes a private restroom and dedicated basement storage, ideal for retail, office, salon, or service businesses. The residential component consists of a spacious 2-bedroom, 1-bath apartment with an open-concept layout and large private deck, delivered vacant, plus a 1-bedroom, 1-bath apartment with a private deck currently occupied by a tenant-at-will paying $2,450/month and willing to renew. The smaller commercial unit is leased at $1,800/month on a 3-year term with annual rent increases, while the larger commercial space generates $2,300/month and may be delivered vacant at closing. Additional highlights include 10–12 on-site parking spaces, ample street parking, and significant upside for investors or owner-occupants se
Property details
| Units | 4 |
| Living area | 3,442 sqft |
| Lot size | 4,500 sqft |
| Year built | 1900 |
| Price / sqft | $337 |
| County | Essex |
| MLS # | 73447401 |
Listing status
| Days on market | 219 days |
| Listed on | October 23, 2025 |
Taxes & financials
| Annual property tax | $0 |
| Tax year | 2024 |
| Assessed value | $622,500 |
| Zoning | b |
| Gross income (actual) | $29,400/yr |
| Net operating income (actual) | $29,400/yr |
| Total actual rent | $6,550/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Basement | Partial |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of Compass — Stephen Dixon. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 431-433 Chatham, Lynn MA 01902 have?
It is a 4-unit multi-family property with 3,442 sqft of living area, built in 1900.
How long has 431-433 Chatham, Lynn MA 01902 been on the market?
431-433 Chatham, Lynn MA 01902 has been listed for 219 days (since October 23, 2025).
What is the estimated cap rate on this 4-family in Lynn?
Based on area median rents, the estimated cap rate is about 6.2%, with a Signal Score of 94/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,160,000 across 4 units, that works out to roughly $290,000 per unit.
What is the price per square foot?
At $1,160,000 for 3,442 sqft, that's about $337 per square foot.
Is there parking?
10 total parking spaces.
Where is this property located?
431-433 Chatham, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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