133 Chestnut Street

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Address: 133 Chestnut St, Lynn, MA 01902, USA
Boston & New England + Apartment Buildings
Created date: April 22, 2025
Date last updated: August 12, 2026
Price: $1,600,000Investment Analyzer NEW!
  • Uniform Two-Bedroom Floor Plans
  • Two Driveways for Off-Street Parking
  • Situated on a Corner Lot approximately 5,654 (0.13 Acres)
  • Significant Value Add Opportunity Through Interior Renovations & Market Rent

Property Description

Northeast Private Client Group is pleased to present Chestnut Street Apartments, a six-unit multifamily property at 133 Chestnut Street in Lynn, Massachusetts, on the North Shore just up the coast from Boston. The offering is priced at $1,600,000 — $266,667 per unit and $282.49 per square foot — a clean entry point into a supply-constrained North Shore rental market. The property comprises six identical two-bedroom apartments, each 800 square feet, within a 5,664-square-foot building on a 0.13-acre lot dating to 1823. The uniform floor plans simplify leasing and turnover, and the owner’s expense load is light and well defined — limited to water and sewer, common-area electricity, and snow and landscaping. In-place rents run between $1,800 and $2,000 per unit, while comparable two bedrooms in the submarket lease at roughly $2,400 — several hundred dollars of monthly upside on every apartment. A buyer captures that spread unit by unit as leases renew, without repositioning the asset or altering its lean operating structure. Chestnut Street Apartments offers a fully occupied, value-add multifamily investment: identical efficient floor plans, an owner-paid expense structure kept deliberately light, and in-place rents several hundred dollars below market — all a short drive up the coast from Boston’s employment base and served by MBTA commuter rail. All interested and qualified parties will have the opportunity to obtain additional information upon request
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Broker Details

Francis Saenz
Francis Saenz

Northeast Private Client Group 857-990-6803

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 6
Year Built: 1823
Lot Size: 0.13 Acres
Opportunity Zone: No
Property Website Click Here
Address: 133 Chestnut Street, Lynn, MA 01901, USA
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