44 Estes Street Portfolio, Lynn MA 01902
Lynn, MA 01902
$13,299,000
Est. $67,448/month
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/14/2026 | 🏠 Listed for Sale | $13,299,000 | - | - | Original listing |
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%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame, Brick, See Remarks
Architecture
None
Roof
Rubber, Other
Features
Other
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck
Parking
Features
Off Street, Driveway
Total Spaces
15
Utilities
Electric
Other (see Remarks)
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9
Assessed Value
$9
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
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.
Additional Details
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
Total market time (incl. prior listings)
4 days
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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
42,486 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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 District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
10 schools
B-
KIPP Academy Lynn Charter School
0.7 mi
|
#197 of 346
|
Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
The Hathaway School
0.9 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.1 mi
|
#284 of 346
|
Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades PK-12
St. Pius V Elementary School
1.3 mi
Grades PK-08
North Shore Christian School
1.8 mi
Grades PK-08
Sacred Heart Elementary School
1.9 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.6 mi
Grades PK-12
C-
E. J. Harrington Elementary School
0.2 mi
|
#717 of 824
|
Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students
Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.3 mi
|
#688 of 824
|
Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students
Moderate
Rising School
Grades K-05
C-
Ingalls School
0.5 mi
|
#673 of 824
|
Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
0.5 mi
|
#311 of 352
|
Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.9 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
High Schools
6 schools
B
Fredrick Douglass Collegiate Academy
0.5 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
Grades 06-12
St. Mary's High School
0.8 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.0 mi
Grades 06-12
D
Lynn English High School
0.9 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
1.0 mi
|
#16 of 25
|
Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students
Diverse
Rising School
Career Tech Programs
Grades 09-12
C-
Classical High School
2.5 mi
|
#302 of 346
|
Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students
Moderate
Early College Program
Rising School
Career Tech Programs
Grades 09-12
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Monthly Payment Breakdown
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Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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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 18, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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