Sold for $1,580,000

$1,580,000

77-79 Chestnut St, Lynn, MA 01902

13beds

5,368sqft

5-9 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$294/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

Updated electrical systemsFive new heating systemsNew sidingNew windowsNew roofTwo well-appointed two-bedroom apartmentsThree spacious three-bedroom apartments

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 5
Full bathrooms: 5

Heating

Natural Gas

Appliances

Included: Range, Refrigerator

Features

Living Room, Kitchen
Basement: Full,Interior Entry,Concrete
Has fireplace: No

Interior area

Total structure area: 5,368
Total interior livable area: 5,368 sqft
Finished area above ground: 5,368

Property

Parking

Total spaces: 5
Parking features: Paved Drive, Off Street
Uncovered spaces: 5

Features

Patio & porch: Porch
Exterior features: Rain Gutters
Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 5,767 Square Feet

Details

Parcel number: 2000029
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, House of Worship, Private School, Public School

Location

Region: Lynn

Financial & listing details

Price per square foot: $294/sqft
Tax assessed value: $1,466,700
Annual tax amount: $15,107
Date on market: 7/28/2026
Total actual rent: 14030
Road surface type: Paved

Price history

Date	Event	Price
9/25/2026	Sold	$1,580,000-6.5%$294/sqft
Source: MLS PIN #73535799 Report a problem
8/21/2026	Pending sale	$1,690,000$315/sqft
Source: MLS PIN #73535799 Report a problem
8/11/2026	Contingent	$1,690,000$315/sqft
Source: MLS PIN #73535799 Report a problem
7/7/2026	Price change	$1,690,000-8.6%$315/sqft
Source: MLS PIN #73535799 Report a problem
6/19/2026	Listed for sale	$1,850,000$345/sqft
Source: MLS PIN #73535799 Report a problem