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INVESTMENT SNAPSHOT
About this property
Don’t miss this excellent opportunity to own a well-maintained 6-bedroom two-family property in Lynn at a great price! Featuring separate utilities, a maintenance-free exterior, and deleaded units with certificates, this property is an ideal opportunity for investors, owner-occupants, or extended families. The updated 2-bedroom unit offers newer appliances and cabinets and an updated bathroom, while the spacious 4-bedroom townhouse-style unit spans two floors and features a Large Living room with plenty of space to spread out. Set back off the main road, this low-maintenance property offers a strong rental history and will be delivered vacant, providing flexibility for its next owner. Conveniently located near schools, shopping, restaurants, and public transportation, this two-family home is a fantastic opportunity to add to your investment portfolio or owner-occupy while generating rental income.
Property details
| Units | 2 |
| Living area | 1,931 sqft |
| Lot size | 1,999 sqft |
| Year built | 1900 |
| Price / sqft | $362 |
| County | Essex |
| MLS # | 73599116 |
Listing status
| Days on market | 0 days |
| Listed on | November 5, 2026 |
Taxes & financials
| Annual property tax | $6,369 |
| Tax year | 2026 |
| Assessed value | $618,320 |
| Zoning | B2 |
| Gross income (actual) | $66,000/yr |
| Net operating income (actual) | $66,000/yr |
| Total actual rent | $5,500/mo |
| Electric expense | $500/yr |
| Insurance expense | $3,000/yr |
Building & lot
| Stories | 3 |
| Total rooms | 10 |
| Lot size | 0.05 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Shared Driveway, Off Street |
| Basement | Unfinished |
| Foundation | Stone |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of RE/MAX 360 — Sean Connolly. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 171 Chatham St, Lynn MA 01902 have?
It is a 2-unit multi-family property with 1,931 sqft of living area, built in 1900.
How long has 171 Chatham St, Lynn MA 01902 been on the market?
171 Chatham St, Lynn MA 01902 has been listed for 0 days (since November 5, 2026).
What is the price per unit?
At a list price of $699,900 across 2 units, that works out to roughly $349,950 per unit.
What are the property taxes on 171 Chatham St, Lynn MA 01902?
Annual property taxes are $6,369 (2026), on an assessed value of $618,320.
What is the price per square foot?
At $699,900 for 1,931 sqft, that's about $362 per square foot.
Is there parking?
2 total parking spaces (paved drive, shared driveway, off street).
Where is this property located?
171 Chatham St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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