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Active

77-79 Chestnut Street, Lynn MA 01902

$1,850,000

Estimated $4,259/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $370,000

Total Rent: 138360/year

Estimated CAP Rate:

13 Bedrooms

Baths

5368

Total Parking: 5

5,767 (0.13)

Amazing Investment Opportunity! Completely renovated in 2023, this turnkey five-unit property offers strong income potential and peace of mind for investors. Major improvements include a new roof, new siding, updated electrical systems, five new heating systems, five new water heaters, new windows, and numerous additional upgrades throughout. The property features an attractive unit mix consisting of three spacious three-bedroom apartments and two well-appointed two-bedroom apartments. Additional highlights include off-street parking, de-lead compliance certificates for all units, and low-maintenance ownership with significant capital improvements already completed. A rare opportunity to acquire a fully updated multifamily asset with excellent rental appeal and long-term investment value.

This home has been viewed 17 times

Last Checked: June 24th, 2026 at 10:48am (Source: MLS PIN #73535799)

Gross Income: $138,360

Gross Expenses: $30,924

Net Income Calc: $107,436

Water Views

Annual Expenses for 77-79 Chestnut Street, Lynn MA 01902

Total Gross Expenses (Calculated)$30,924/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15107

Annual Income & Unit Breakdown for 77-79 Chestnut Street, Lynn MA 01902

Total Gross Income (Calculated)$138,360

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 77-79 Chestnut Street, Lynn MA 01902

Listing ID73535799

Property TypeMulti Family / 5+ Family

Price1850000 ($344.63/SqFt)

Style5-9 Family

CityLynn

CountyEssex

MLS AreaEast Lynn

Neighborhood(s)

Approximate Living Area Total5368

Approximate Lot Size (Acres)0.13

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 77-79 Chestnut Street, Lynn MA 01902

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 77-79 Chestnut Street, Lynn MA 01902

Real Estate Taxes15107

Tax Year2025

Assessed Value$1,466,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 77-79 Chestnut Street, Lynn MA 01902

Neighborhood(s)

MLS AreaEast Lynn

Area AmenitiesWalk/jog Trails

Contact Information for 77-79 Chestnut Street, Lynn MA 01902

Agent

Name: Eugene L. Clements

Office

Name: Clements Realty Group

Phone: 781-595-9600

Payment Calculator

, Interest

Property Taxes 1258.92

Principal & Interest 11399.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements

Agent Phone

Office Phone

(781) 595-9600

Text Agent Call Agent Call Office

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EXIT

Active

77-79 Chestnut Street, Lynn MA 01902

$1,850,000

Annual Expenses for 77-79 Chestnut Street, Lynn MA 01902

Annual Income & Unit Breakdown for 77-79 Chestnut Street, Lynn MA 01902

General Information for 77-79 Chestnut Street, Lynn MA 01902

Disclosures for 77-79 Chestnut Street, Lynn MA 01902

Financial Information for 77-79 Chestnut Street, Lynn MA 01902

Location Information for 77-79 Chestnut Street, Lynn MA 01902

Contact Information for 77-79 Chestnut Street, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements