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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.

More Info

Basic Information

  • Gross Income $1,427,636
  • Lot Features Other
  • Mls StatusNew

Tax Information

  • Tax Assessed Value $9
  • Tax Year 2026
  • Taxes$9

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Driveway
  • Parking Spaces15

Rooms

  • Bathroom62
  • Bathrooms Total Decimal 62
  • Bedrooms64
  • Full Bath62

Basic Information

  • List Price$13,299,000
  • MLS Number73549418
  • Modification Date07/14/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address44 Estes Street Portfolio
  • Building Number44
  • CountyEssex
  • StateMA
  • StreetEstes Street Portfolio
  • TownLynn
  • Zip01902

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame, Brick, See Remarks
  • FoundationOther
  • Levels 2
  • Patio And Porch Features Porch, Deck
  • Rooms99
  • Stories2
  • Units62
  • Year Built1926
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.58

Exterior

  • Exterior Features Other
  • RoofRubber, Other

Utilities

  • Electric Other (See Remarks)
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 42,486
  • Lot Size Square Feet 25,221
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet42,486

Amenities

  • Other AmenitiesBasement

Water Body

  • Miles to Beach1
  • Waterfront Features Bay, Walk to,1/2 to 1 Mile To Beach, Beach Ownership(Public)

Legal

  • Zoning9

Other

  • Date Listed07/14/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Daniel Alper of Boston Realty Advisors

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