133-135 Chestnut St
Lynn, MA 01902
Multifamily Property For Sale · 6 Units

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