• $1,850,000List Price
  • 13Bedrooms
  • 5Bathrooms
  • 0.13Acreage
  • 1900Year Built
  • 5,368Square Feet

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.

More Info

Basic Information

  • Gross Income $168,360
  • Mls StatusNew
  • Parcel Number 2000029
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Road Frontage DescriptionPaved

Location

  • Address77-79 Chestnut Street
  • Building Number77-79
  • CountyEssex
  • NeighborhoodEast Lynn
  • StateMA
  • StreetChestnut Street
  • SubdivisionEast Lynn
  • TownLynn
  • Zip01902

Utilities

  • Electric Expense 1992
  • Heat SystemYes
  • Heating Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Water Body

  • Miles to Beach0.5
  • Waterfront Features Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Other

  • Date Listed06/19/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $1,466,700
  • Tax Year 2025
  • Taxes$15,107

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms13
  • Full Bath5

Building

  • BasementFull, Interior Entry, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms23
  • Stories5
  • Units5
  • Year Built1900
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Amenities

  • AmenitiesPublic Transportation, Shopping, House of Worship, Private School, Public School
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces5

Basic Information

  • List Price$1,850,000
  • MLS Number73535799
  • Modification Date06/19/2026
  • Property SubType5-9 Family

Property

  • Acreage0.13

Interior

  • Interior Features Living Room, Kitchen

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 5,368
  • Lot Size Square Feet 5,767
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet5,368

Legal

  • ZoningR2

Map Location

Driving Directions

Listed by Eugene L. Clements of Clements Realty Group

Lynn, MA Demographics

There is no data available

Lynn, MA Real Estate Market Data

There is no data available

Lynn, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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