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Canceled

347 Chestnut St, Lynn MA 01902

$800,000

Estimated $2,031.37/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $400,000

Total Rent: 31200/year

Estimated CAP Rate: 2.80%

6 Bedrooms

2 Full Baths

2,688 SqFt

Total Parking: 10

8,263 SqFt

Welcome to 347 Chestnut St, a charming multi-family residence nestled in the vibrant city of Lynn, MA. This property offers a spacious living environment with a total of 2,688 square feet, encompassing an impressive layout, perfect for versatile living arrangements. With three generously sized bedrooms in each unit and well-appointed bathrooms, this home provides ample space for families or those looking to invest in a multi-unit living situation. Each unit is thoughtfully designed, featuring hardwood flooring, gorgeous crown moldings, which adds a touch of elegance. The property is equipped with efficient gas heating, ensuring comfort during the cooler months, a new hot water heater for the first floor unit, a letter of delead compliance for the second floor unit, while the full basement provides additional storage options or potential for future customization according to your needs, plenty of off street parking and a large side yard. The second-floor unit will be vacant end of June.

This home has been viewed 75 times

Last Checked: July 1st, 2025 at 4:29am (Source: MLS PIN #73383330)

Gross Income: $31,200

Gross Expenses: $8,810

Net Income Calc: $22,390

CAP Rate: 2.80%

Annual Expenses for 347 Chestnut St, Lynn MA 01902

Total Gross Expenses (Calculated)$8,810/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,810

Annual Income & Unit Breakdown for 347 Chestnut St, Lynn MA 01902

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,600

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 347 Chestnut St, Lynn MA 01902

Listing ID73383330

Property TypeMulti Family

Price$800,000 ($297.62/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,688 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking10

Garage Parking

Year Built1928

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 347 Chestnut St, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$31,200

Total Net Income By Broker$31,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 347 Chestnut St, Lynn MA 01902

Real Estate Taxes$8,810

Tax Year2025

Assessed Value$850,413

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.80%

Location Information for 347 Chestnut St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 347 Chestnut St, Lynn MA 01902

Agent

Name: Team Legacy

Office

Name: Compass

Phone: 978-248-8081

Payment Calculator

, Interest

Property Taxes 734.17

Principal & Interest 4929.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Team Legacy

Agent Phone

Office Phone

(978) 248-8081

Text Agent Call Agent Call Office

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                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[22] => Array
                (
                    [id] => 122207545
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[23] => Array
                (
                    [id] => 122207546
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[24] => Array
                (
                    [id] => 122207547
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[25] => Array
                (
                    [id] => 122207548
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[26] => Array
                (
                    [id] => 122207549
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[27] => Array
                (
                    [id] => 122207550
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[28] => Array
                (
                    [id] => 122207551
                    [name] => MLS29.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[29] => Array
                (
                    [id] => 122207552
                    [name] => MLS30.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[30] => Array
                (
                    [id] => 122207553
                    [name] => MLS31.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=31
                    [index] => 31
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[31] => Array
                (
                    [id] => 122207554
                    [name] => MLS32.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=32
                    [index] => 32
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[32] => Array
                (
                    [id] => 122207555
                    [name] => MLS33.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=33
                    [index] => 33
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

[33] => Array
                (
                    [id] => 122207556
                    [name] => MLS34.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73383330&w=1024&h=768&n=34
                    [index] => 34
                    [enabled] => 1
                    [created] => 2025-07-01 04:29:24
                    [modified] => 2025-07-01 04:29:24
                )

)

)

EXIT