Skip to content

Location filter
  • Any
  • Boston
  • Boston - Allston
  • Boston - Back Bay
  • Boston - Bay Village
  • Boston - Beacon Hill
  • Boston - Brighton
  • Boston - Charlestown
  • Boston - Chinatown
  • Boston - Dorchester
  • Boston - Downtown
  • Boston - East Boston
  • Boston - Fenway/Kenmore
  • Boston - Fort Hill
  • Boston - Fort Point
  • Boston - Hyde Park
  • Boston - Jamaica Plain
  • Boston - Longwood Medical Area
  • Boston - Mattapan
  • Boston - Mission Hill
  • Boston - North End
  • Boston - Northeastern/Symphony
  • Boston - Roslindale
  • Boston - Roxbury
  • Boston - Seaport/Waterfront
  • Boston - South Boston
  • Boston - South End
  • Boston - Theater District
  • Boston - West End
  • Boston - West Roxbury
  • Abington
  • Andover
  • Arlington
  • Bedford
  • Belmont
  • Beverly
  • Billerica
  • Braintree
  • Bridgewater
  • Brookline
  • Burlington
  • Cambridge
  • Canton
  • Chelsea
  • Chestnut Hill
  • Danvers
  • Dedham
  • Everett
  • Framingham
  • Gloucester
  • Hingham
  • Lawrence
  • Lexington
  • Lowell
  • Lynn
  • Lynnfield
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • Milton
  • Natick
  • Needham
  • Newton
  • North Reading
  • Norwood
  • Peabody
  • Pembroke
  • Plymouth
  • Quincy
  • Randolph
  • Reading
  • Revere
  • Salem
  • Saugus
  • Sharon
  • Somerville
  • Stoneham
  • Stoughton
  • Sudbury
  • Swampscott
  • Taunton
  • Wakefield
  • Waltham
  • Watertown
  • Wayland
  • Wellesley
  • Westwood
  • Weymouth
  • Wilmington
  • Winthrop
  • Woburn
  • Worcester
  • Babson College
  • Berklee College of Music
  • Bentley University
  • Boston College
  • Boston University
  • Brandeis University
  • Emerson College
  • Emmanuel College
  • Harvard University
  • Hult International Business School
  • MassArt
  • MCPHS University
  • MIT
  • Northeastern University
  • Simmons University
  • Suffolk University
  • Tufts University
  • UMASS Boston
  • Wentworth Institute of Technology
You are here:
Home Massachusetts Lynn Multi-Family Homes for Sale

505-509 Chatham Lynn, MA 01902

8 Days on Boston Pads
2 Photos
$3,300,000
12 Unit
22 Beds
12 Baths
13810 SQFT
0.32 Acre
505-509 Chatham
Lynn, MA 01902

Property Description

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

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 22
  • Total Full Baths: 12

Financial

  • APOD Available: Yes
  • Gross Operating Income: 304029
  • Gross Expenses: 85209
  • Net Operating Income: 218820

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73319791
  • Last Updated: 12/17/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
12/17/2024Active$3,300,000$239MLSPIN
12/13/2024New$3,300,000$239MLSPIN

Mortgage Calculator

View Breakdown

Map & Resources

St. Pius V Elementary School

Private School, Grades: PK-8

0.26mi

Lynn English High School

Public Secondary School, Grades: 9-12

0.29mi

Hood School

Public Elementary School, Grades: PK-5

0.34mi

Lynn Fire Department

Fire Station

0.51mi

Keaney Park

Park

0.26mi

Floating Bridge Park

Municipal Park

0.31mi

Western Ave @ Chatham St

424
450

0.04mi

Western Ave @ Chatham St

424
450

0.04mi

Western Ave opp Tracey Ave

424
450

0.11mi

Western Ave @ Tracy Ave

424
450

0.12mi

Maple St @ Euclid Ave

435

0.17mi

Maple St @ Euclid Ave

435

0.17mi

Western Ave @ Cross St

424
450

0.19mi

Western Ave @ West Colony Rd

424
450

0.19mi

Seller's Representative: Oleg Elisev, Greenville Real Estate Group, Inc.
MLS ID#: 73319791

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-12-17 03:05:00