Renovated 12-Unit Apartment
For Sale
$2,495,000
1547 Main Street, Chatham, MA 02633
Renovated multifamily property with varied residential layouts and town sewer connection.
Property Size5,547 SF
Days on Market158
Property Features for 1547 Main Street
General Information
Standard status
Active
Size
5,547 SF
Zoning
GB3
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x studio, 1 x 4BR/3BA, 1 x 2BR/1BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$2,766
Amenities
Dryer, Gas Water Heater, Washer/Dryer Stacked
Outdoor Shower
Building Details
Building Size
5,547 SF
Year Built
1960
Year Renovated
2026
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Christie's International Real Estate Atlantic Brokerage
Listed By:
Evan Dean
(774) 212-2718
Source:
Evrealestate
Added: May 2
Changed: Sep 8
Last Checked: Oct 5 at 5:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christie's International Real Estate Atlantic Brokerage
Investment Insights
Based on property information with market context.
This apartment property combines 12 residential units with multiple living formats. Ten individual rooms include private bathrooms, compact kitchenettes, and heating and cooling. The main house provides four bedrooms, three bathrooms, and a full kitchen, while an attached apartment adds two bedrooms, a kitchen, and a bathroom. Improvements completed in 2026 include flooring, plumbing, electrical systems, siding, paint, roofing, landscaping, and laundry facilities.
The property is at 1547 Main St in Chatham, Massachusetts, with access to the Route 28 bus line and connection to the town sewer system. Town approval covers 33 beds, and several leases are already in place for immediate income. The 1960 construction date and recent renovation history provide useful context for evaluating the property’s physical configuration and improvements.
The property is at 1547 Main St in Chatham, Massachusetts, with access to the Route 28 bus line and connection to the town sewer system. Town approval covers 33 beds, and several leases are already in place for immediate income. The 1960 construction date and recent renovation history provide useful context for evaluating the property’s physical configuration and improvements.
Key Highlights
- 12 total units with town approval for 33 beds
- 10 individual room units, each with a bath, small kitchenette, and heating and cooling
- Main house includes four bedrooms, three bathrooms, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,152
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,223,040
$2.2M
Cap Rate 7%
$1,587,886
$1.6M
Cap Rate 9%
$1,235,022
$1.2M
Market Conditions
NOI Build-Up for 5,547 SF
Gross rent
$208.3K $37.56/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$202.1K $36.43/SF
− OpEx
−$90.9K −$16.39/SF
NOI
$111.2K $20.04/SF
Area
Barnstable County, MA
Vacancy
3.00%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,223,040
Cap Rate 7%
$1,587,886
Cap Rate 9%
$1,235,022
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,152 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,231 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 02633, MA
4,664
Population
5,425
Households
0.9
Avg Household Size
62
Median Age
65%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
542
Density / Sq Mi
$94,036
Median Household Income
$50,038
Median Earnings
$1,005
Median Rent
$881,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with varied residential layouts and town sewer connection.
Where is this apartment building located?
The property is located at 1547 Main Street Chatham, MA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 12 total units with town approval for 33 beds; 10 individual room units, each with a bath, small kitchenette, and heating and cooling; Main house includes four bedrooms, three bathrooms, and a full kitchen
