Renovated Four-Unit Mixed-Use
For Sale
Contact for pricing
431-433 Chatham # 2, Lynn, MA 01902
Fully renovated four-unit property with two street-level commercial spaces and two apartments, plus dedicated storage and private decks.
Property SizeContact for details
Days on Market86
Property Features for 431-433 Chatham # 2
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Commercial
Zoning
000000
Additional Details
Multifamily Units
2
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
LPT Realty - Home & Key Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 11
Changed: Sep 3
Last Checked: Sep 2 at 1:21PM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This fully renovated four-unit mixed-use building features two street-level commercial spaces and two updated residential apartments. Each commercial unit includes a private restroom and dedicated basement storage, making the setup practical for retail, office, salon, or service use. The residential component consists of a spacious 2-bedroom, 1-bath apartment with an open-concept layout and a large private deck, currently delivered vacant, and a 1-bedroom, 1-bath apartment with a private deck that is occupied by a tenant-at-will paying $2,450 per month and willing to renew.
The property sits in the heart of East Lynn, with two street-facing commercial offerings and access supported by parking. On-site parking is listed as 10–12 spaces, along with ample street parking.
For buyers, the mix of income-producing commercial and residential units can support a range of strategies, from investor ownership to owner-user operation. The smaller commercial unit is leased at $1,800 per month on a 3-year term with annual rent increases, while the larger commercial space generates $2,300 per month and may be delivered vacant at closing, allowing flexibility in planning future use.
The property sits in the heart of East Lynn, with two street-facing commercial offerings and access supported by parking. On-site parking is listed as 10–12 spaces, along with ample street parking.
For buyers, the mix of income-producing commercial and residential units can support a range of strategies, from investor ownership to owner-user operation. The smaller commercial unit is leased at $1,800 per month on a 3-year term with annual rent increases, while the larger commercial space generates $2,300 per month and may be delivered vacant at closing, allowing flexibility in planning future use.
Key Highlights
- Fully renovated four‑unit mixed‑use building (Year Built 1900) with two street‑level commercial spaces and two apartments in East Lynn
- Two commercial units: each includes a private restroom and dedicated basement storage
- Commercial income includes $1,800/month (3‑year term with annual rent increases) and $2,300/month, with the larger unit may be delivered vacant at closing
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Mobil
Shops & Services
9,606 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,081 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,207 visits/mo
0.4 miles
Demographics for 01902, MA
50,725
Population
19,655
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
75%
High-School Grad
2.4 sq mi
ZIP Area
21,135
Density / Sq Mi
$66,755
Median Household Income
$39,506
Median Earnings
$1,571
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully renovated four-unit property with two street-level commercial spaces and two apartments, plus dedicated storage and private decks.
Where is this storefront property located?
The property is located at 431-433 Chatham # 2 Lynn, MA.
What are key features of this property?
This property features: Fully renovated four‑unit mixed‑use building (Year Built 1900) with two street‑level commercial spaces and two apartments in East Lynn; Two commercial units: each includes a private restroom and dedicated basement storage; Commercial income includes $1,800/month (3‑year term with annual rent increases) and $2,300/month, with the larger unit may be delivered vacant at closing
