44 Estes Street Portfolio, Lynn, MA 01902
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$13,299,000
62 Unit
64 Beds
62 Baths
42486 SQFT
0.58 Acre

Property Description

Rare opportunity to acquire an 62-unit, five-property multifamily portfolio concentrated within one of Lynn's established residential neighborhoods: 44 & 38 Estes Street, 8-10 & 12-14 Fortesque Street and 32 Chestnut Street. Unit mix is primarily one-bedrooms, with select two-bedroom and studio units. Properties are professionally maintained with a history of capital improvements; several offer on-site parking and laundry facilities. Current vacancy provides clear lease-up and rent optimization upside, while occupied units generate stable in-place income. Close proximity of assets allows for centralized leasing, management, and maintenance. Attractive assumable financing available under a portfolio loan--ask listing agent for more details. A rare offering combining scale, stable cash flow, value-add potential, and below-market financing on Boston's North Shore.

Property Details tap to expand

Building Information

  • Total Units: 62
  • Total Floors: 2
  • Total Bedrooms: 64
  • Total Full Baths: 62
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Expenses Source: Other (See Remarks), Pro. Forma Available
  • Gross Operating Income: 1427636
  • Net Operating Income: 900845

Utilities

  • Electric Info: Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1926
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame, Other (See Remarks)
  • Foundation Info: Other (See Remarks)
  • Roof Material: Other (See Remarks), Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73549418
  • Last Updated: 07/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/18/2026Active$13,299,000$313MLSPIN
07/14/2026New$13,299,000$313MLSPIN

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Seller's Representative: Daniel Alper, Boston Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-07-18 03:05:00