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Canceled

207 Chestnut Street, Lynn MA 01902

$3,425,000

Estimated $7,197.04/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $380,555.56

Total Rent: 58800/year

Estimated CAP Rate: 1.14%

16 Bedrooms

12 Full Baths

9,000 SqFt

Total Parking: 23

12,471 SqFt

NEW & RENOVATED in 2024 & Solid CASH FLOW on Stabilized 9 Unit Building streets a few blocks off Swampscott and Kings Beach. Swampscott Commuter Rail and Central Square in Lynn each 4 min ride and 2 minute walk to bus stop. Chestnut Street is on bus line. Lots of conveniences including farmers market, restaurants, and local shops. Ingalls Elementary, Marshall Middle School and Fecteau-Leary Jr & Sr. High School nearby. Separate submeters, 23 Fenced Parking Spaces, unfinished Full Basement for potential upside. All new including: Sprinklered building, Navien H2o hots, natural gas hvacs, granite counters, laminate floors, mail & security Vestibule.

This home has been viewed 124 times

Last Checked: March 16th, 2025 at 4:19am (Source: MLS PIN #73312115)

Gross Income: $58,800

Gross Expenses: $19,721

Net Income Calc: $39,079

CAP Rate: 1.14%

Beach Front

Annual Expenses for 207 Chestnut Street, Lynn MA 01902

Total Gross Expenses (Calculated)$19,721/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$19,721

Annual Income & Unit Breakdown for 207 Chestnut Street, Lynn MA 01902

Total Gross Income (Calculated)$58,800

Unit 1

Rental Income$2,100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$2,800

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit3

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 207 Chestnut Street, Lynn MA 01902

Listing ID73312115

Property TypeMulti Family / 5+ Family

Price$3,425,000 ($380.56/SqFt)

Style5-9 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total9,000 SqFt

Approximate Lot Size (Acres)0.29 acres

Total Parking23

Garage Parking

Year Built2024

Year Built SourceAppraiser

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningBD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Walk To, Beach Front, Beach Ownership(public)

Energy FeaturesThermostat, Insulated Windows

Terms

Disclosures for 207 Chestnut Street, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceAppraiser

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$58,800

Total Net Income By Broker$58,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 207 Chestnut Street, Lynn MA 01902

Real Estate Taxes$19,721

Tax Year2024

Assessed Value$1,662,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$58,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$58,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.14%

Location Information for 207 Chestnut Street, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 207 Chestnut Street, Lynn MA 01902

Agent

Name: Patricia Graciano

Office

Name: Whitty Real Estate

Phone: 508-238-3401

Team Members

Name: Wendy R. Whitty

Phone: 508-238-3401

Payment Calculator

, Interest

Property Taxes 1643.42

Principal & Interest 21103.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Whitty Real Estate

Patricia Graciano

Agent Phone

Office Phone

(508) 238-3401

Text Agent Call Agent Call Office

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    [heating] => No
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[high_school] => 
    [horse_features] => Array
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            [1] => Walk To
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[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 564398
    [insurance_expense] => Array
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[insurance_required] => Array
        (
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[interior_features] => Array
        (
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[last_month_required] => Array
        (
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[last_sync_date] => 2025-03-16 04:19:07
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
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    [living_area_disclosure] => Array
        (
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[living_area_includes_basement] => Array
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[lot_features] => Array
        (
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[management_expense] => Array
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            [0] => $0
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[middle_school] => 
    [miscellaneuos_expense] => Array
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[mls_area] => 
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[net_income_calc] => 39079
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[number_of_units] => 9
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            [name] => Whitty Real Estate
            [phone] => 508-238-3401
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[optional_fee_includes] => Array
        (
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[optional_price] => 0
    [outdoor_space_available] => Array
        (
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[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 857-363-8853
    [pool_features] => Array
        (
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[price] => $3,425,000
    [price_per_sqft] => 380.56
    [price_per_unit] => 380555.55555556
    [private_pool] => No
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[real_estate_tax] => $19,721
    [references_required] => Array
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[rent_includes] => Array
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
        (
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[roof_material] => Array
        (
        )

[rooms] => 46
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
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[short_sale] => 
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 207
    [structure_type] => Array
        (
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[style] => Array
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[subagent_compensation] => 
    [tag_accessible_features] => 
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    [tag_beach_access] => 
    [tag_beach_front] => 1
    [tag_elevator] => 
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                    [zip] => 02356
                    [office] => AC0487
                    [national_association] => 453501433
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)

[terms] => Array
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        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 19721
    [total_gross_income] => 58800
    [total_parking] => 23
    [trash_expense] => Array
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[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 1
    [unit_1_floor] => 1
    [unit_1_lease] => Array
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[unit_1_levels] => 3
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[unit_2_bathrooms] => 2 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 2
    [unit_2_lease] => Array
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[unit_2_levels] => 3
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[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
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[unit_3_levels] => 
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        (
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[unit_4_bathrooms] => 
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    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
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[unit_4_levels] => 
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[unit_level] => 
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[utilities] => Array
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[view] => Array
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
        (
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[water_views_features] => Array
        (
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            [1] => Walk To
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[year_built] => 2024
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    [zoning] => BD
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    [media] => Array
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)

EXIT

Canceled

207 Chestnut Street, Lynn MA 01902

$3,425,000

Annual Expenses for 207 Chestnut Street, Lynn MA 01902

Annual Income & Unit Breakdown for 207 Chestnut Street, Lynn MA 01902

General Information for 207 Chestnut Street, Lynn MA 01902

Disclosures for 207 Chestnut Street, Lynn MA 01902

Financial Information for 207 Chestnut Street, Lynn MA 01902

Location Information for 207 Chestnut Street, Lynn MA 01902

Contact Information for 207 Chestnut Street, Lynn MA 01902

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Whitty Real Estate

Patricia Graciano