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241 Days on Jacob RealtyPrice Reduced $140,000
22
$1,160,000
Total Beds: 4 Total Baths: 4
Total Units: 4 SQFT: 3442
LOT size: 0.10 Acres
431-433 Chatham
Lynn, MA 01902
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Property Description

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

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Basement Features: Partial
  • Common Rooms: Kitchen, Living Room, Loft, Office/Den

Financial

  • APOD Available: No
  • Gross Operating Income: 29400
  • Net Operating Income: 29400

Utilities

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

Unit 1 Description

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

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73447401
  • Last Updated: 06/06/26

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Map

Seller's Representative: Stephen Dixon, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-06 03:05:00