77-79 Chestnut Street, Lynn, MA 01902
Essex County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1900
Stories
5
Living Area
5,368 sq ft
Lot Size
0.13 acres
Parking Spaces
5
Zoning
R2
Days on Market
22
MLS® Listing#
73535799
Property Features
Exterior
Appliances
Heating
Basement
Parking
Patio
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$15,107
Tax year 2025
Assessed Value
$1,466,700
Parcel Number
2000029
Directions
Essex Street to Chestnut Street
Affordability Calculator
$338,000
Estimated monthly payment
$8,995/mo
Principal $1,352,000 · Est. interest $1,886,160 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lynn, MA
- $627,500
- Median Listing Price
- 34
- Median Days on Market
- 1,527
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 151
- Active Listings
- This home’s price is 169% above the area median.
- Its price per sq ft is 16% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lynn, MA.
Location
Points of Interest in Lynn, MA
Showing the Lynn area map.
Nearby Schools
Brickett Elementary
Elementary · 0.2 mi away
Harrington Elementary School
Elementary · 0.3 mi away
Ingalls
Elementary · 0.3 mi away
Thurgood Marshall Middle School
Secondary · 0.4 mi away
Operation Bootstrap
School · 0.4 mi away
L P S Environmental School
School · 0.6 mi away
Robert L Ford School
Elementary · 0.7 mi away
Kipp Academy Lynn Charter School
School · 0.7 mi away
Lynn English High School
Secondary · 0.8 mi away
Chabad Hebrew School
School · 0.8 mi away
Hood Elementary School
Elementary · 0.8 mi away
St Mary's Regional High School
Secondary · 0.8 mi away
St. Mary's Lynn
Secondary · 0.8 mi away
Aborn Elementary School
Elementary · 0.8 mi away
Lynn Alternative High School
Secondary · 0.9 mi away
New Sunrise Preschool
School · 0.9 mi away
Cobbet Elementary
Elementary · 1.0 mi away
Machon Elementary School
Elementary · 1.0 mi away
Fecteau-Leary Junior/Senior High School
Secondary · 1.0 mi away
Washington Elementary School
Elementary · 1.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 44 A&B Park St., Lynn, MA | $1,325,000 | 12 | 3 | 4,740 |
| 35-37 Park St, Lynn, MA | $1,494,986 | 12 | 6 | 5,631 |
| 133 Chestnut St, Lynn, MA | $1,600,000 | 12 | 6 | 5,664 |
| 137 Franklin Street, Lynn, MA | $1,875,000 | 19 | 9 | 7,565 |
| 43 Highrock Street, Lynn, MA | $1,900,000 | 18 | 6 | 4,230 |
Moving Cost Estimate
EXIT Agents in Lynn
Listing Courtesy: Clements Realty Group - 7815959600
Presented by: Eugene L. Clements