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Home Massachusetts Multi-Family Homes for Sale

77-79 Chestnut Street Lynn, MA 01902
NEW
1
$1,850,000
Total Beds: 13 Total Baths: 5
Total Units: 5 SQFT: 5368
LOT size: 0.13 Acres
77-79 Chestnut Street
Lynn, MA 01902
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Property Description

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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Property Details

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 13
  • Total Full Baths: 5
  • Amenities: House of Worship, Private School, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Gross Operating Income: 168360
  • Gross Expenses: 31904
  • Electric Expenses: 1992
  • Water/Sewer: 5670
  • INSC: 7855
  • RFS: 300
  • Net Operating Income: 116791

Utilities

  • Heat Zones: 5
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73535799
  • Last Updated: 06/19/26

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Map

Seller's Representative: Eugene L. Clements, Clements Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-06-19 03:05:00

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