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.
Fayette Street, located between Central Square and Lynn Common, is a residential and commercial Lynn neighborhood with late-19th-century streetscapes and a walkable downtown edge. The neighborhood’s character concentrates around Central Square, where storefronts, cafés, and civic buildings set a steady, street-level rhythm. Community pillars include the Lynn Museum & Historical Society, the LynnArts cultural campus, and the Lynn Auditorium for concerts and performances. Triple-deckers and compact multifamily homes line side streets, while wider corridors carry buses and daily errands. Pocket parks and the Common add green relief near the brick-and-stone downtown blocks. The shoreline and Lynn Shore Drive sit a short ride away for open-water views and long walks.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Utilities
Finance
Interior features
Total of 48 rooms
Partial basement
Bathrooms
12 full bathrooms
Notes
Four individual units shown; each unit leased (Units 1–4 indicated as leased).
Unit 1: 1 level/floor
Unit 2: 1 level/floor
Unit 3: 1 level, listed as 2 floors
Unit 4: 1 level, listed as 2 floors
Exterior features
Corner lot
Paved, public-maintained road frontage
Public road frontage
Home design
5+ family building (5+ units up/down)
5 stories total
Parking
18 off-street parking spaces (open parking)
Construction
Approximately built (year source: owner)
Lead paint: certified treated
Notes
Building total area: 9,147
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home