77-79 Chestnut St, Lynn MA 01902
Lynn, MA 01902 • East Lynn
$1,850,000
$1,690,000
Est. $9,932/month
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
Property Timeline
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 |
|---|---|---|---|---|---|
| 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
Commercial Sale
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 District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
10 schools
The Hathaway School
0.7 mi
Grades PK-08
B-
KIPP Academy Lynn Charter School
0.7 mi
|
#197 of 346
|
Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
C-
Lynn Vocational Technical Institute
1.2 mi
|
#284 of 346
|
Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades PK-12
St. Pius V Elementary School
1.2 mi
Grades PK-08
North Shore Christian School
1.8 mi
Grades PK-08
Sacred Heart Elementary School
2.0 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.6 mi
Grades PK-12
C-
Brickett Elementary School
0.2 mi
|
#688 of 824
|
Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students
Moderate
Rising School
Grades K-05
C-
E. J. Harrington Elementary School
0.3 mi
|
#717 of 824
|
Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students
Moderate
Rising School
Grades PK-05
C-
Ingalls School
0.4 mi
|
#673 of 824
|
Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.4 mi
|
#311 of 352
|
Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.8 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
High Schools
6 schools
B
Fredrick Douglass Collegiate Academy
0.6 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
Grades 06-12
St. Mary's High School
0.9 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.1 mi
Grades 06-12
D
Lynn English High School
0.8 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
1.1 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students
Diverse
Rising School
Career Tech Programs
Grades 09-12
C-
Classical High School
2.6 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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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
Jul 22, 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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