431-433 Chatham, Lynn MA 01902
Lynn, MA 01902 • East Lynn
$1,300,000
$1,160,000
Est. $6,066/month
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About this home
Exceptional fully renovated four-unit mixed-use property in the heart of East Lynn, offering strong income, flexibility, and owner-user potential. The building features two street-level commercial spaces and two updated residential apartments. Each commercial unit includes a private restroom and dedicated basement storage, ideal for retail, office, salon, or service businesses. The residential component consists of a spacious 2-bedroom, 1-bath apartment with an open-concept layout and large private deck, delivered vacant, plus a 1-bedroom, 1-bath apartment with a private deck currently occupied by a tenant-at-will paying $2,450/month and willing to renew. The smaller commercial unit is leased at $1,800/month on a 3-year term with annual rent increases, while the larger commercial space generates $2,300/month and may be delivered vacant at closing. Additional highlights include 10–12 on-site parking spaces, ample street parking, and significant upside for investors or owner-occupants se
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
9%
Price Range
Property Timeline
Price Reduced
Jun 2, 2026
$1,160,000
$115,000
(-9.02%)
From $1,275,000 to $1,160,000 (-9.0%)
Listed for Sale
Oct 24, 2025
$1,275,000
Original listing
Agent: Stephen Dixon
Office: Compass
Listed for Sale
Oct 24, 2025
$1,275,000
Original listing
Agent: Stephen Dixon
Office: Cameron Real Estate Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/02/2026 | ↓ Price Reduced | $1,160,000 | $115,000 | - | From $1,275,000 to $1,160,000 (-9.0%) |
| 10/24/2025 | 🏠 Listed for Sale | $1,275,000 | - | - | Original listing |
| 10/24/2025 | 🏠 Listed for Sale | $1,275,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2024 | $0 | $622,500 |
Financial Details
Annual Property Tax
$0
Tax Year 2024
Assessed Value
$622,500
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1900
Living Area
3,442 sq ft
Lot Size
0.10 acres
Bedrooms
4
Full Baths
2
Half Baths
2
Total Rooms
14
Investment Metrics
Units
4
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
$2,300/mo · N
Unit 3 Rent
— · N
Unit 4 Rent
$2,450/mo · N
Total Monthly Rent
$6,550/mo
Gross Income
$29,400
Net Operating Income
$29,400
Cap Rate
2.53%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Partial
Laundry
None
Features
Office/den, Loft, Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
0.00
Assessed Value
$622,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
219 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
2
Living Area
3,442 sq ft
Total Rooms
14
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,442 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Office/Den, Loft, Living Room, Kitchen
Windows:
Basement:
Partial
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Nearby Schools
School District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
3 schools
C
Hood School
0.2 mi
|
#617 of 824
|
Score: 39.9
Improved 28 spots from last year
-18.3 below state avg
541 students
Moderate
Rising School
Grades PK-05
St. Pius V Elementary School
0.4 mi
Grades PK-08
A-
Aborn School
0.4 mi
|
#226 of 824
|
Score: 53.5
Improved 252 spots from last year
-4.7 below state avg
224 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.8 mi
|
#311 of 352
|
Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.0 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
D
Lynn English High School
0.2 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
A-
Swampscott High School
1.2 mi
|
#98 of 346
|
Score: 60.1
Dropped 66 spots from last year
+1.9 above state avg
706 students
Moderate
18 sports
• 1,578 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
St. Mary's High School
1.2 mi
Grades 07-12
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Down: $0
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Monthly Payment Breakdown
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Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
East Lynn
431-433 Chatham, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Stephen Dixon
Listing Office
Compass
Office Phone
617-206-3333
Agent MLS ID
CT008015
Office MLS ID
AN2383
Listing Data Updated
Jun 6, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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