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 Details
Property Features
Property Information:
Year Built: 1910
Living Area: 13,810 SqFt
Listing Office:
Office Name: Greenville Real Estate Group, Inc.
Office Phone: (617) 983-8300
Listing Agent: Oleg Elisev
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 12
Total Bedroom Count: 22
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.32 Acres
Other
Directions Information:
Directions: Google please
Price Information
Listing Price Info
Price Summary:
List Price: $3,300,000
Price Per SqFt: $239/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
This property is $2.7M more than the Median Sold Price and $123/SqFt less than other homes in Lynn, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73319791
Listing Office:
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: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Brickett Elementary School
123 Lewis St
Distance between this listing and this school0.07 miles
Public District Grades KG-5
3
/10
E J Harrington
21 Dexter St
Distance between this listing and this school0.49 miles
Public District Grades PK-5
3
/10
Ingalls
1 Collins Street Ter
Distance between this listing and this school0.51 miles
Public District Grades KG-5
Nearby Schools
4
/10
Thurgood Marshall Middle School
100 Brookline St
Distance between this listing and this school0.31 miles
Public District Grades 6-8
6
/10
Swampscott Middle School
207 Forest Ave
Distance between this listing and this school1.46 miles
Public District Grades 5-8
4
/10
Pickering Middle School
70 Conomo Ave
Distance between this listing and this school2.05 miles
Public District Grades 6-8
Nearby Schools
5
/10
Kipp Academy Lynn Charter School
90 High Rock St
Distance between this listing and this school1.01 miles
Public Charter Grades KG-12
2
/10
Lynn English High School
50 Goodridge St
Distance between this listing and this school1.03 miles
Public District Grades 9-12
7
/10
Swampscott High School
200 Essex St
Distance between this listing and this school1.03 miles
The neighbors living near this home have an average income of $45,281. Residents of Lynn, MA typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
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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 November 2024, from all listings sold in Lynn, MA there were more than 33 sold above asking price, over 7 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Lynn, MA between October 2024 and November 2024 decreased by 12%. In November 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $577,500.
From Rocket Homes Real Estate and based on county public records data.
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.
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