77-79 Chestnut St, 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
Commercial Sale
Year Built
1873
Living Area
3,384 sq ft
Lot Size
0.13 acres
Zoning
R1
MLS® Listing#
73538808
Property Features
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$14,238
Tax year 2025
Parcel Number
M:094 B:517 L:022,2000029
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
- $622,500
- Median Listing Price
- 35
- Median Days on Market
- 1,527
- Median Sq Ft
- $378
- Median Price / Sq Ft
- 155
- Active Listings
- This home’s price is 171% above the area median.
- Its price per sq ft is 32% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lynn, MA.
Location
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Points of Interest in Lynn, MA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 9 Hamilton Ave, Lynn, MA | $1,199,000 | 8 | 3 | 3,257 |
| 162 Washington St, Lynn, MA | $1,199,000 | 11 | 3 | 4,088 |
| 145 N Common, Lynn, MA | $1,200,000 | 6 | 1 | 3,938 |
| 613-617 Summer St, Lynn, MA | $1,200,000 | — | 4 | 3,937 |
| 2 Peirce Rd, Lynn, MA | $1,200,000 | 5 | 5 | 3,064 |
| 49 Atlantic Terrace, Lynn, MA | $1,250,000 | 4 | 4 | 3,750 |
Moving Cost Estimate
EXIT Agents in Lynn
Listing Courtesy: Clements Realty Group - 7815959600
Presented by: Eugene L. Clements