Active
58 Days on market
44 Estes Street Portfolio Lynn — Photo 1 of 34

44 Estes Street Portfolio Lynn — Photo 1 of 34

$13,299,000

44 Estes Street Portfolio, Lynn, MA 01902

Lynn, MA 01902

Beds

64

Baths

62

SqFt

42,486

Style

5+ Family - 5+ Units Up/Down

Built

1926

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$313/sqft
Local Avg (Lynn)$296/sqft
6% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$13,299,000
Annual Taxes$9

Parking

Garage0
Off-Street15

Interior Specifications

Total Rooms99
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick, See Remarks
RoofRubber, Other
FoundationOther
Zoning9

Property & Lot

Acres0.58
SqFt Lot25,221
Lot FeaturesOther

Geography

Population

50,066

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

63.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Daniel Alper

Listing Office: Boston Realty Advisors

MLS® Number: 73549418

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