77-79 Chestnut St, Lynn, MA 01902
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$1,850,000
Type: 5+ Residential
Lease Type N/A
3384 Bldg. SQFT
5 Restroom
Parking: N/A

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.

Property Details tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Non-Conforming
  • MLS ID#: 73538808

Financial

  • Gross Annual Expenses: 31904
  • Gross Annual Income: 168360
  • Net Operating Income: 116791

Building Information

  • Total SQFT: 3384
  • Total Restrooms: 5

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/19/2026New$1,850,000$547MLSPIN
06/19/2026New$1,850,000$345MLSPIN

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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

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MLS PIN data last updated at 2026-06-19 09:49:00