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    12 Chestnut Ave Lynn, MA 01902

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    For Sale
    $869,000

    Fully remodeled multifamily property with luxury finishes and oversized garage.

    Lot size:
    0.09 Acres

    Property Features for 12 Chestnut Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1910

    Source: William Raveis R.E. & Home Services Agent Pedro Calcano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Multifamily Property with Garage

    This fully remodeled property features luxury, high-end finishes across three levels. The units have an open concept floor plan with high-efficiency mini-split units for heating and cooling. The kitchens include quartz countertops and soft-closing cabinetry. Washer and dryer hook-ups are available on all three floors. The bathrooms showcase frameless glass and tile work. The third level features a wet bar and its own heating and cooling unit. The property includes an oversized 2-car garage and parking for 5 to 6 vehicles. Energy efficiency is enhanced with closed-cell spray foam insulation. This property is suitable as a multi-family investment or for owner occupancy with rental income potential. It is easily accessible to shops, schools, local amenities, and public transportation.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9398788
    Latitude
    42.4715949

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    FAQs

    What type of property is this?
    Multifamily property - Fully remodeled multifamily property with luxury finishes and oversized garage.
    Where is this multifamily property located?
    The property is located at 12 Chestnut Ave Lynn, MA.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: - Fully remodeled with luxury, high-end finishes throughout three levels.; - Open concept floor plan with quartz countertops and soft-closing cabinetry. Washer/dryer hook-ups on all three floors.; - Oversized 2-car garage and parking for 5-6 vehicles.
    (781) 588-2169
    Request Owner's contact information
    12 Chestnut Ave Lynn, MA 01902
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    Lynn, MA 01902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Chestnut Ave Lynn, MA 01902
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