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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

More Info

Basic Information

  • Gross Income $29,400
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number 1998175

Tax Information

  • Tax Assessed Value $622,500
  • Tax Year 2024

Parking

  • Parking Spaces10

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 3
  • Bedrooms4
  • Full Bath2
  • Half Baths2

Basic Information

  • List Price$1,160,000
  • MLS Number73447401
  • Modification Date06/06/2026
  • Property SubType4 Family

Location

  • Address431-433 Chatham
  • Building Number431-433
  • CountyEssex
  • NeighborhoodEast Lynn
  • StateMA
  • StreetChatham
  • SubdivisionEast Lynn
  • TownLynn
  • Zip01902

Building

  • BasementPartial
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 3
  • Rooms14
  • Stories3
  • Units4
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.1

Interior

  • Interior Features Office/Den, Loft, Living Room, Kitchen

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,442
  • Lot Size Square Feet 4,500
  • Lot Size Units Acres
  • Square Feet3,442

Amenities

  • Other AmenitiesBasement

Water Body

  • Miles to Beach1
  • Waterfront Features 1/2 to 1 Mile To Beach

Legal

  • Zoningb

Other

  • Date Listed10/24/2025
  • Farm Land Area Units Square Feet
  • View Count5

Map Location

Driving Directions

Listed by Stephen Dixon of Compass

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