Renovated Four-Unit Mixed-Use
431-433 Chatham Lynn, MA 01902
431-433 Chatham, Lynn, MA, 01902
$1,160,000
For Sale
$1,160,000
Fully renovated four-unit property with two street-level commercial spaces and two apartments, plus dedicated storage and private decks.
Property Size3,442 SF
Price / SF$337.01
Days on Market292
Property Features for 431-433 Chatham
General Information
- Standard status
- Active
- Size
- 3,442 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Compass
Listed by
Stephen Dixon
(603) 548-5315
Source
Burkelordrealestate
Added: Sep 28, 2025 Checked: Jul 15 at 9:45 pm
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 Compass
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
Local Financial Insights For Multifamily LT 5
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 | $105.3k | $30.60 |
| − Vacancy | −$6.5k | −$1.89 |
| EGI | $98.8k | $28.71 |
| − OpEx | −$29.6k | −$8.61 |
| NOI | $69.2k | $20.10 |
3,442 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$988.3K
$864.7K – $1.15M
NOI $69,179 @ 7.0% cap · market cap 5.96%
Second Best
Mixed Use
$933.0K
$816.4K – $1.09M
NOI $65,312 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,251 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
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 Lynn, MA.
What is the asking price?
The asking price for this property is $1,160,000.
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
