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77-79 Chestnut St, Lynn MA 01902

Lynn, MA 01902 • East Lynn
$1,850,000
Est. $10,741/month
3,384
Sq Ft
$547
Price/Sq Ft
0.13
Acres
1873
Year Built
20
Days on Market
Active Listed Jun 19, 2026 • MLS# 73538808 Copied! • Updated Jun 23, 2026

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

Property Timeline

🏠
Listed for Sale
Jun 19, 2026
$1,850,000
Original listing
Agent: Eugene L. Clements Office: Clements Realty Group

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
Gross Income $168,360
Net Operating Income $116,791
Operating Expenses $31,904
Cap Rate 6.31%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available

Financial

Annual Tax $14,238
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures This House Was Renovated In 2023.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
Commercial Sale
Year Built
1873
Living Area
3,384 sq ft

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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

Interest
Principal
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 Jun 23, 2026 3:05 AM 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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77-79 Chestnut St, Lynn MA 01902 - Photo 1
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BMN Boston Real Estate

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