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12-Unit Apartment Property
New
For Lease
$2,350,000

1547 Main Street Chatham, Chatham, MA 02633

Town approval covers 33 beds across room-style accommodations and two apartment configurations.

Space SizeContact for details
Days on Market2

Property Features for 1547 Main Street Chatham

General Information

Standard status Active
Property subtype Commercial

Additional Details

Utilities to Site Yes

Amenities

shared laundry room
Route 28 bus line

Building Details

Year Built 1960
Year Renovated 2026
Listing Agency: Christie's International Real Estate Atlantic Brokerage
Listed By: Evan Dean
Source: Capecodtoday
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:23AM

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.

The 12-unit property combines 10 private room units, each with a bathroom, compact kitchenette, and heating and cooling, with a four-bedroom main house and an attached two-bedroom apartment. The main house has three bathrooms and a full kitchen; the apartment includes its own kitchen and bathroom. Town approval allows 33 beds, and the property is connected to town sewer.

Renovations completed in 2026 included flooring, plumbing, electrical, siding, paint, roofing, landscaping, and a shared laundry room equipped with three coin-operated washer-and-dryer sets. The property fronts Main Street in Chatham and is served by the Route 28 bus line. Several leases are in place.

Key Highlights

  • Town approval for 33 beds across 12 units
  • 10 private room units, each with a bathroom, kitchenette, and heating and cooling
  • Main house has four bedrooms, three bathrooms, and a full kitchen

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage HVAC Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

191
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Town approval covers 33 beds across room-style accommodations and two apartment configurations.
Where is this apartment building located?
The property is located at 1547 Main Street Chatham Chatham, MA.
What is the lease rate?
The lease rate is $2,350,000.
What are key features of this property?
This property features: Town approval for 33 beds across 12 units; 10 private room units, each with a bathroom, kitchenette, and heating and cooling; Main house has four bedrooms, three bathrooms, and a full kitchen
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