INNOVATE Real Estate
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 2 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 3 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 4 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 5 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 6 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 7 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 8 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 9 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 10 of 11
5+ Family - 5+ Units Up/Down at 183-185 Chestnut Street, Lynn MA 01902, Lynn, photo 11 of 11
11 photos

$2,565,000

183-185 Chestnut Street, Lynn MA 01902
Lynn, MA 01902
Listed by Daniel Alper
Bedrooms
24
Bathrooms
12
Living area
9,147 sqft
Year built
1900

About this home

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.

Property details

MLS #
73563814
Property type
5+ Family - 5+ Units Up/Down
Subdivision
N/A
Status
Active
Days on market
55
On market date
August 14, 2026
Stories
5
Total bathrooms
12
Garage spaces
N/A
Parking spaces
18
Lot size
0.27 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Ingalls
0.11 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
684
Student:teacher ratio
12.7:1
District
Lynn
Middle
Thurgood Marshall Mid
0.4 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,275
Student:teacher ratio
13.6:1
District
Lynn
High
Lynn English High
0.57 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,165
Student:teacher ratio
17.6:1
District
Lynn

Walkability

Blended score for Lynn's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

90
Highly walkable
out of 100
EPA National Walkability Index
16.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Lynn, from live MLS data.

On the market 55 days -- 26 fewer days than Lynn's current average of 81 days.
For reference, the median list price across 686 active listings in Lynn right now is $169,450.

Mortgage calculator

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Est. monthly payment
$15,597/mo
$513,000 down
$2,052,000 loan
Principal & interest$13,309
Property tax (est.)$2,138
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.