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    249 Chatham St Lynn, MA 01902

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    For Sale
    $899,900

    Two-unit property featuring multiple bedrooms, updated roof, and solar panels.

    Lot size:
    0.14 Acres

    Property Features for 249 Chatham St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1890

    Source: Coldwell Banker Realty - Lynnfield Agent Silvia L. Caceda

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Two-Family Home with Income

    This two-family home offers a primary unit and a secondary income-generating unit. Unit 1 includes 3 bedrooms, 1 bathroom, an eat-in kitchen, and a spacious living room. The basement provides coin-operated laundry access. Unit 2 features two levels of living space. The first floor of Unit 2 has 3 bedrooms, 1 full bathroom with laundry, a living room, and an eat-in kitchen. The second floor of Unit 2 offers 3 bedrooms, including one en-suite with a full bath, an additional full bath, and a sitting area. Both units provide ample storage. The unfinished basement offers additional storage and a workout area. A solar panel system is connected to Unit 2. The exterior includes a green area for entertaining and a garden area. Off-street parking is available for approximately 8 cars. According to the owner, the roof is 2 years old, and the house has a water treatment/filtration system.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9369021
    Latitude
    42.4742503

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    FAQs

    What type of property is this?
    Duplex - Two-unit property featuring multiple bedrooms, updated roof, and solar panels.
    Where is this duplex located?
    The property is located at 249 Chatham St Lynn, MA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: - Income-generating 2-family home; - Unit 2 features a **spacious 2-level layout with 6 bedrooms and 2 full baths**, including an en-suite bedroom; - Off-street parking for approximately 8 cars
    (978) 767-6147
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    Lynn, MA 01902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 Chatham St Lynn, MA 01902
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