Active
6 Days on market
183-185 Chestnut Street Lynn — Photo 1 of 11
$2,565,000
183-185 Chestnut Street, Lynn, MA 01902
Lynn, MA 01902
Beds
24
Baths
12
SqFt
9,147
Style
5+ Family - 5+ Units Up/Down
Built
1900
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.
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$280/sqft
Local Avg (Lynn)$304/sqft
8% BelowMarket Average
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.
Property Details
Financials
Original Price$2,565,000
Annual Taxes$9
Parking
Garage0
Off-Street18
Interior Specifications
Total Rooms48
FireplacesNone
Flooring--
BasementPartial
Climate & Utilities
Heating--
Cooling--
WaterPublic
SewerPublic Sewer
Building & Exterior
Construction--
Roof--
FoundationOther
Zoning9
Property & Lot
Acres0.27
SqFt Lot11,565
Lot FeaturesCorner Lot
Neighborhood
Public Transportation • Shopping • Highway Access
Geography
Population
50,066
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$67K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
63.1%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Provided By
Listing Agent: Daniel Alper
Listing Office: Provided by MLS PIN
MLS® Number: 73563814
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