44 Estes Street Portfolio,Lynn, MA 01902
Lynn, MA 01902
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.
Details
| MLS # | 73549418 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 85 |
| Listing Provided By | Boston Realty Advisors | Daniel Alper |
Features
| Bed(s) | 64 |
|---|---|
| Bath(s) | 62 Total |
| SQ Feet | 42,486 |
| Basement | Y |
| Story(s) | 2 |
| Units | 62 |
| Zoning | 9 |
| Acreage | 0.58 |
| Water Front | Yes |
Interior
| Rooms Total | 99 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Rubber, Other |
| Construction Materials | Frame, Brick, See Remarks |
| Foundation Details | Other |
| Lot Features | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street, Driveway |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Other (See Remarks) |
Taxes
| Tax Annual Amount | 9 |
|---|---|
| Tax Assessed Value | 9 |
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $13,299,000 low | high Med: $399,500 sqft: 42,486 low | high Med: 2,066 $ / sqft: $313 low | high Med: $229 On site: 85 low | high Med: 1812 | |
Market Activity 01902
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $13,299,000 low | high Med: $399,500 sqft: 42,486 low | high Med: 2,066 $ / sqft: $313 low | high Med: $229 On site: 85 low | high Med: 1812 | |