REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,200,000
Est. payment | /mo
22 Beds
12 Baths
13,810 SqFt
$ 3,200,000
Est. payment | /mo
22 Beds
12 Baths
13,810 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 13,810 sqft
Price per Sqft $231
MLS Listing ID 73319791
Bedrooms 22
Full Baths 12
Year Built 1910
Annual Tax Amount $30,185
Tax Year 2024
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type 5+ Family - 5+ Units Up/Down
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.
Location
State MA
County Essex
Zoning R4
Direction Google please
Exterior
Total Parking Spaces 12
Garage No
Building
Lot Description Level
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Greenville Real Estate Group, Inc.
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty