Fully Renovated Housing
For Sale
$2,350,000
1547 Main Street, Chatham, MA 02633
COMMERCIAL - Chatham, MA
Property Size5,547 SF
Lot Size0.78 Acres
Price / SF$423.65
Days on Market93
Property Features for 1547 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GB3
Appliances
Water Heater
Elementary school district
Monomoy
Middle school district
Monomoy
High school district
Monomoy
Directions
Exit 85 and left onto 137. Take 137 to Route 28. Let onto Route 28 and property is about 2.5 miles on right.
Subdivision
Chatham
Standard status
Active
APN
CHAT M:09D B:0005 L:17
Size
5,547 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2766
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Laminate
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Christie's International Real Estate Atlantic Brokerage
(508) 945-6000
Listed By:
Evan Dean
(774) 212-2718
Added: May 1
Changed: Jun 25
Last Checked: Aug 1 at 9:06AM
MLS# 22601891
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated housing complex contains 12 total units and is approved by the town for 33 beds. The layout includes 10 individual room units, each with a private bath, small kitchenette, and heating and cooling, plus a main house with four bedrooms, three bathrooms, and a full kitchen. Also included is an attached two-bedroom apartment with its own kitchen and bath. A shared laundry room serves the property with three new coin-operated washer and dryer sets. Improvements completed in 2026 include new flooring, plumbing, electrical, siding, paint, roof, and landscaping.
The property is located along Main Street in Chatham and is connected to the town sewer. It also sits on the Route 28 bus line, providing public transit accessibility for tenants and employers.
For buyers and operators seeking turnkey, low-maintenance multifamily housing, the unit mix is designed to support workforce, employee, or long-term housing needs. Several leases are in place, providing immediate occupancy in the current configuration. With recent capital improvements and functional in-unit and shared amenities, the building is positioned to deliver practical, ready-to-operate housing.
The property is located along Main Street in Chatham and is connected to the town sewer. It also sits on the Route 28 bus line, providing public transit accessibility for tenants and employers.
For buyers and operators seeking turnkey, low-maintenance multifamily housing, the unit mix is designed to support workforce, employee, or long-term housing needs. Several leases are in place, providing immediate occupancy in the current configuration. With recent capital improvements and functional in-unit and shared amenities, the building is positioned to deliver practical, ready-to-operate housing.
Key Highlights
- Fully renovated in 2026, offering a turnkey and low‑maintenance investment.
- Approved for 33 beds across 12 units, ideal for workforce, employee, or long‑term housing.
- Located in Chatham, a supply‑constrained market with persistent housing demand.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.3k | $37.56 |
| − Vacancy | −$6.3k | −$1.13 |
| EGI | $202.1k | $36.43 |
| − OpEx | −$90.9k | −$16.39 |
| NOI | $111.2k | $20.04 |
5,547 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,152 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,231 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
204
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated multifamily property approved for 33 beds, with 12 units and in-building laundry.
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 $2,350,000.
What are key features of this property?
This property features: Fully renovated in 2026, offering a turnkey and low‑maintenance investment.; Approved for 33 beds across 12 units, ideal for workforce, employee, or long‑term housing.; Located in Chatham, a supply‑constrained market with persistent housing demand.
