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Renovated Mixed-Use Property in Lynn

431-433 Chatham, Lynn, MA 01902

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For Sale

$1,165,000

Four-unit mixed-use property with commercial and residential spaces.

Type:Commercial

Property size:

4,000 SF

Price / SF:

$291/SF

HighLights

Fully renovated four‑unit mixed‑use property offering flexible income and owner‑user potential.
Two street‑level commercial units with private restrooms and dedicated basement storage.
A two‑bedroom, one‑bath residential unit features an open‑concept layout and large private deck.
One‑bedroom, one‑bath apartment with an open‑concept layout and private deck, currently leased at $2,450/month through December 31, 2025.
Approximately 10–12 on‑site parking spaces plus additional street parking.
Corner‑lot location enhances visibility and functionality.

We can help!

Listing Contact

Stephen Dixon

Learn more

For Sale

$1,165,000

Four-unit mixed-use property with commercial and residential spaces.

Type:Commercial

Property size:

4,000 SF

Price / SF:

$291/SF

Added:: Apr 23, 2026
Days on Market:: 51
Last Refresh:: Apr 23 at 10:41 am

Property Features for 431-433 Chatham

General Information

Standard status: Active
Size: 4,000 SF
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Stephen Dixon

Listing agent Stephen Dixon License #449546542

Listing office Cameron Real Estate Group

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Cameron Real Estate Group

HighLights

Fully renovated four‑unit mixed‑use property offering flexible income and owner‑user potential.
Two street‑level commercial units with private restrooms and dedicated basement storage.
A two‑bedroom, one‑bath residential unit features an open‑concept layout and large private deck.
One‑bedroom, one‑bath apartment with an open‑concept layout and private deck, currently leased at $2,450/month through December 31, 2025.
Approximately 10–12 on‑site parking spaces plus additional street parking.
Corner‑lot location enhances visibility and functionality.

Overview

This fully renovated four-unit mixed-use property is located in East Lynn. It features two street-level commercial units and two residential apartments. The property offers flexible income potential and is suitable for owner-users. Each commercial unit includes a private restroom and dedicated basement storage, making them well-suited for retail, service, or salon businesses. The residential units include a two-bedroom, one-bath apartment with an open-concept layout and a large private deck, and a one-bedroom, one-bath apartment also featuring an open-concept layout and a private deck. The one-bedroom unit is currently leased through December 31, 2025, at a rate of $2,450 per month. All remaining units will be delivered vacant. The property provides approximately 10 to 12 on-site parking spaces, with additional street parking available. Public water and sewer services are connected. The property has 220-volt electrical service. Situated on a corner lot, the property benefits from enhanced visibility. The total property size is approximately 4000 square feet.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$132.0k	$33.00
− Vacancy	−$10.6k	−$2.64
EGI	$121.4k	$30.36
− OpEx	−$45.5k	−$11.39
NOI	$75.9k	$18.98

4,000 SF · lease $33.00/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$1.08M

$948.8K – $1.27M (±1% cap)

NOI $75,900 @ 7.0% cap · market cap 6.52%

Second Best

Retail

$1.02M

$893.0K – $1.19M (±1% cap)

NOI $71,442 @ 7.0% cap · market cap 6.13%

Theoretical Best

Office A

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,072 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9417533
Latitude: 42.4792013

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For sale
Mixed-use properties
MA
Lynn
01902
431-433 Chatham

What type of property is this?

Mixed-use property - Four-unit mixed-use property with commercial and residential spaces.

Where is this mixed-use property located?

The property is located at 431-433 Chatham Lynn, MA.

What is the asking price?

The asking price for this property is $1,165,000.

What are key features of this property?

This property features: Fully renovated four‑unit mixed‑use property offering flexible income and owner‑user potential.; Two street‑level commercial units with private restrooms and dedicated basement storage.; A two‑bedroom, one‑bath residential unit features an open‑concept layout and large private deck.