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INVESTMENT SNAPSHOT
About this property
We are excited to present 183-185 Chestnut Street, a fully occupied 12-unit multifamily investment in Lynn, MA. The offering comprises two six-unit buildings, each configured with all 2-bedroom layouts, providing tenants with spacious, in-demand floor plans. An 18-space on-site parking lot sets this asset apart in a submarket where parking is at a premium. The location offers excellent connectivity, with multiple bus lines and MBTA commuter rail service providing direct access to downtown Lynn and Boston.
Property details
| Units | 12 |
| Living area | 9,147 sqft |
| Lot size | 11,565 sqft |
| Year built | 1900 |
| Price / sqft | $271 |
| County | Essex |
| MLS # | 73563814 |
Listing status
| Days on market | 20 days |
| Listed on | August 14, 2026 |
Taxes & financials
| Annual property tax | $9 |
| Tax year | 2026 |
| Assessed value | $9 |
| Zoning | 9 |
| Gross income (actual) | $311,475/yr |
| Net operating income (actual) | $215,189/yr |
| Total actual rent | $8,850/mo |
Building & lot
| Stories | 5 |
| Total rooms | 48 |
| Lot size | 0.27 acres |
| Garage spaces | 0 |
| Parking spaces | 18 |
| Parking | Off Street |
| Basement | Partial |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of Boston Realty Advisors — Daniel Alper. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 183-185 Chestnut Street, Lynn MA 01902 have?
It is a 12-unit multi-family property with 9,147 sqft of living area, built in 1900.
How long was 183-185 Chestnut Street, Lynn MA 01902 on the market before it sold?
183-185 Chestnut Street, Lynn MA 01902 sold after about 76 days on the market (listed August 14, 2026, closed October 29, 2026).
What is the price per unit?
At a list price of $2,565,000 across 12 units, that works out to roughly $213,750 per unit.
What are the property taxes on 183-185 Chestnut Street, Lynn MA 01902?
Annual property taxes are $9 (2026), on an assessed value of $9.
What is the price per square foot?
At $2,565,000 for 9,147 sqft, that's about $271 per square foot.
Is there parking?
18 total parking spaces (off street).
Where is this property located?
183-185 Chestnut Street, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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