#73317676, Dan Pouladian, Listing Office: North Shore Realty Advisors
505-509 Chatham Lynn, MA 01902
$3,300,000 List price
22 beds
12 full
13,810 sqft
0.3 acres
$239 / sqft
Multi-Family
Property details
About 505-509 Chatham
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
Highlights
Home typeMulti Family
StatusActive
Size13,810 sqft
Lot size0.32 Acres
Year built1910
MLS #73319791
Summary
- MLS Number: 73319791
- MLS Name: MLS Property Information Network
- Office Name: Greenville Real Estate Group, Inc.
- Office Phone: (617) 983-8300
- Listing Agent: Oleg Elisev
Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$3,300,000
505-509 Chatham
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Brickett Elementary School
Public District KG-5
0.1 mi
•123 Lewis St
3
E J Harrington
Public District PK-5
0.5 mi
•21 Dexter St
3
Ingalls
Public District KG-5
0.5 mi
•1 Collins Street Ter
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,281. Typical income of Lynn, MA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
39%
<35k
52%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
49%
Single, No Kids
20%
Single, with Kids
15%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Soccer
Pro Boxing
Where do the neighbors shop?
Sam's Club
Forever 21
Family Dollar
Where do the neighbors go to eat?
White Castle
Dominos Pizza
LongHorn Steakhouse
What do the neighbors drive?
Oldsmobile
Mazda
Chevrolet
What do the neighbors listen to?
Rock
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
#73319767, Oleg Elisev, Listing Office: Greenville Real Estate Group, Inc.
This home is located at 505-509 Chatham in Lynn, MA and zip code 01902. This 13,810 square foot home, which was built in 1910, sits on a 0.32 acre lot. Features: 22 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $3,300,000.
In December 2024 more than 30 listings in Lynn, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 22 were sold below. The number of listings in Lynn, MA decreased by 15.7% between November and December 2024. While the average time on the market in December 2024 was 38 days, the median list price was $575,000.
From Rocket Homes Real Estate and based on county public records data.