77-79 Chestnut St, Lynn MA 01902
Lynn, MA 01902 • East Lynn
$1,850,000
$1,690,000
Est. $9,932/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
8.6%
Price Range
1
Previous Sales
Property Timeline
Previous Transaction - MLS #73535799
Full transaction history available when tracking began
Previously Sold
Sep 15, 2026
$1,690,000
MLS #73535799
Status: Active under contract
Aug 11, 2026
Active → Active Under Contract
Pending Sale
Aug 4, 2026
Offer accepted, sale pending
Price Reduced
Jul 18, 2026
$1,690,000
$160,000
(-8.65%)
From $1,850,000 to $1,690,000 (-8.7%)
Listed for Sale
Jun 19, 2026
$1,850,000
Original listing
Agent: Eugene L. Clements
Office: Clements Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/15/2026 | 🏷️ Previously Sold | $1,690,000 | - | - | MLS #73535799 |
| 08/11/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/04/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/18/2026 | ↓ Price Reduced | $1,690,000 | $160,000 | - | From $1,850,000 to $1,690,000 (-8.7%) |
| 06/19/2026 | 🏠 Listed for Sale | $1,850,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $14,238 | — |
Financial Details
Annual Property Tax
$14,238
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1873
Living Area
3,384 sq ft
Lot Size
0.13 acres
Investment Metrics
Gross Income
$168,360
Net Operating Income
$116,791
Operating Expenses
$31,904
Cap Rate
6.91%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$14,238
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
This House Was Renovated In 2023.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
Sale Pending
Year Built
1873
Living Area
3,384 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1873
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,187
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
East Lynn
77-79 Chestnut St, Lynn MA 01902
Lynn, MA 01902
Listing Information
Listing Agent
Eugene L. Clements
Listing Office
Clements Realty Group
Office Phone
781-595-9600
Agent MLS ID
C8000525
Office MLS ID
C95263
Listing Data Updated
Aug 21, 2026 2:34 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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