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Active

38 Chestnut St, Lynn MA 01902

$910,000

Estimated $2,368.14/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $303,333.33

Total Rent: 117000/year

Estimated CAP Rate: 11.68%

9 Bedrooms

3 Full Baths

5,391 SqFt

Total Parking: 11 (3 Garage)

5,963 SqFt

This is a short sale with lenders approval Rush in your offers Lender not paying commission. Buyer responsibility for buyer s agent commission.

This home has been viewed 79 times

Last Checked: September 5th, 2025 at 1:58am (Source: MLS PIN #73391500)

Gross Income: $117,000

Gross Expenses: $10,711

Net Income Calc: $106,289

CAP Rate: 11.68%

Annual Expenses for 38 Chestnut St, Lynn MA 01902

Total Gross Expenses (Calculated)$10,711/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,711

Annual Income & Unit Breakdown for 38 Chestnut St, Lynn MA 01902

Total Gross Income (Calculated)$117,000

Unit 1

Rental Income$7,250

LeaseN

Bedrooms3

Bathrooms3 Full, 9 Half

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 38 Chestnut St, Lynn MA 01902

Listing ID73391500

Property TypeMulti Family / 3 Family

Price$910,000 ($168.8/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total5,391 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking11 (3 Garage)

Garage Parking3 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 38 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$87,000

Total Net Income By Broker$87,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Not Offered

Financial Information for 38 Chestnut St, Lynn MA 01902

Real Estate Taxes$10,711

Tax Year2025

Assessed Value$1,033,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$87,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$87,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.68%

Location Information for 38 Chestnut St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping

Contact Information for 38 Chestnut St, Lynn MA 01902

Agent

Name: Ofemu Oratokhai

Office

Name: Home Equity Assets Realty, LLC

Phone: 413-328-0799

Team Members

Payment Calculator

, Interest

Property Taxes 892.58

Principal & Interest 5607.13

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Home Equity Assets Realty, LLC

Ofemu Oratokhai

Agent Phone

Office Phone

(413) 328-0799

Text Agent Call Agent Call Office

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        (
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[last_month_required] => Array
        (
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[last_sync_date] => 2025-09-05 01:58:10
    [laundry_features] => Array
        (
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[lead_paint] => Array
        (
        )

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            [name] => Home Equity Assets Realty, LLC
            [phone] => 413-328-0799
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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
        (
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[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 413-328-0799
    [pool_features] => Array
        (
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    [price_per_sqft] => 168.8
    [price_per_unit] => 303333.33333333
    [private_pool] => No
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[real_estate_tax] => $10,711
    [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
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 18
    [senior_community] => No
    [sewer] => Array
        (
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[sewer_expense] => Array
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[short_sale] => Lender Owned
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[state] => Massachusetts
    [state_code] => MA
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[style] => Array
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    [tag_generator] => 
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    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
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    [team] => Array
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[terms] => Array
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    [total_gross_income] => 117000
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    [trash_expense] => Array
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[uffi] => Array
        (
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[unit_1_bathrooms] => 3 Full, 9 Half
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    [unit_1_floor] => 0
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[unit_1_levels] => 0
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[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 3
    [unit_2_floor] => 0
    [unit_2_lease] => Array
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[unit_2_levels] => 0
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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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[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
        (
        )

[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
        (
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    [waterfront_features] => Array
        (
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    [year_built_details] => Actual
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    [zoning] => R4
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EXIT

Active

38 Chestnut St, Lynn MA 01902

$910,000

Annual Expenses for 38 Chestnut St, Lynn MA 01902

Annual Income & Unit Breakdown for 38 Chestnut St, Lynn MA 01902

General Information for 38 Chestnut St, Lynn MA 01902

Disclosures for 38 Chestnut St, Lynn MA 01902

Financial Information for 38 Chestnut St, Lynn MA 01902

Location Information for 38 Chestnut St, Lynn MA 01902

Contact Information for 38 Chestnut St, Lynn MA 01902

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Home Equity Assets Realty, LLC

Ofemu Oratokhai