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INVESTMENT SNAPSHOT
About this property
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
| Units | 5 |
| Living area | 5,368 sqft |
| Lot size | 5,767 sqft |
| Year built | 1900 |
| Price / sqft | $315 |
| County | Essex |
| MLS # | 73535799 |
Listing status
| Days on market | 22 days |
| Listed on | June 19, 2026 |
Taxes & financials
| Annual property tax | $15,107 |
| Tax year | 2025 |
| Assessed value | $1,466,700 |
| Zoning | R2 |
| Gross income (actual) | $168,360/yr |
| Net operating income (actual) | $116,791/yr |
| Total actual rent | $14,030/mo |
| Electric expense | $1,992/yr |
| Insurance expense | $7,855/yr |
Building & lot
| Stories | 5 |
| Total rooms | 23 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Interior Entry, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Location
More about investing in Lynn →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 77-79 Chestnut Street, Lynn MA 01902 have?
It is a 5-unit multi-family property with 5,368 sqft of living area, built in 1900.
How long has 77-79 Chestnut Street, Lynn MA 01902 been on the market?
77-79 Chestnut Street, Lynn MA 01902 has been listed for 22 days (since June 19, 2026).
What is the price per unit?
At a list price of $1,690,000 across 5 units, that works out to roughly $338,000 per unit.
What are the property taxes on 77-79 Chestnut Street, Lynn MA 01902?
Annual property taxes are $15,107 (2025), on an assessed value of $1,466,700.
What is the price per square foot?
At $1,690,000 for 5,368 sqft, that's about $315 per square foot.
Is there parking?
5 total parking spaces (paved drive, off street).
Where is this property located?
77-79 Chestnut Street, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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