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44 Estes Street Portfolio, Lynn MA 01902

Lynn, MA 01902
$13,299,000
Est. $67,448/month
64
Beds
62
Baths
42,486
Sq Ft
$313
Price/Sq Ft
0.58
Acres
1926
Year Built
15
Parking
13 hours 29 minutes
Time on Market
Active Listed Jul 14, 2026 • MLS# 73549418 Copied! • Updated Jul 14, 2026

About this home

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.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 14, 2026
$13,299,000
Original listing
Agent: Daniel Alper Office: Boston Realty Advisors

Tax History

Year Taxes Assessment
2026 $9 $9

Financial Details

Annual Property Tax
$9
Tax Year 2026
Assessed Value
$9

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1926
Living Area 42,486 sq ft
Lot Size 0.58 acres
Bedrooms 64
Full Baths 62
Total Rooms 99

Investment Metrics

Units 62
Unit 1 Rent $2,199/mo · Y
Unit 2 Rent $2,140/mo · Y
Total Monthly Rent $4,339/mo
Gross Income $1,427,636
Net Operating Income $900,845
Cap Rate 6.77%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction Frame, Brick, See Remarks
Architecture None
Roof Rubber, Other
Features Other
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features Off Street, Driveway
Total Spaces 15
Electric Other (see Remarks)
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9
Assessed Value $9
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures This Offering Includes Five Multifamily Assets Located At 44 Estes St, 38 Estes St, 32 Chestnut St, 8-10 Fortesque Ter & 12-14 Fortesque Ter. Gross And Net Income Represents Proforma Figures--ask Listing Agent For Detailed Financials.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Combined living area of all 5 buildings in the portfolio.
Documents None
County Essex

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1926
Bedrooms
64
Full Bathrooms
62
Living Area
42,486 sq ft
Total Rooms
99
Stories
2
Levels
2

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1926
Structure Type:
Exterior Materials: Frame, Brick, See Remarks
Roof: Rubber, Other
Foundation: Other
Stories: 2

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas, Other (See Remarks)
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Other
Patio & Porch: Porch, Deck
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 15
Parking Features: Off Street, Driveway

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

44 Estes Street Portfolio, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Daniel Alper
Listing Office Boston Realty Advisors
Office Phone 617-375-7900
Agent MLS ID CN254381
Office MLS ID AN8461
Listing Data Updated Jul 14, 2026 1:58 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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