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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 M:094 B:517 L:022,2000029

Tax Information

  • Tax Year 2025
  • Taxes$14,238

Rooms

  • Bathroom5

Basic Information

  • List Price$1,850,000
  • MLS Number73538808
  • Modification Date06/19/2026

Location

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

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1873

Property

  • Acreage0.13

Property Information

  • Living Area 3,384
  • Lot Size Square Feet 5,767
  • Lot Size Units Acres
  • Square Feet3,384

Legal

  • ZoningR1
  • Zoning Description Legal Non-Conforming

Other

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

Map Location

Driving Directions

Listed by Eugene L. Clements of Clements Realty Group

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