For Sale
44 Estes St, Lynn, MA
Lynn · MA 01902
- $13,299,000
- Price
- 64
- Beds
- 62
- Baths
- 42486
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1926
Units:
62 Units
Lot size:
0.58 Acre Lot
Price per square foot:
$313 / Sq.Ft
Parking:
15 Off Street Spaces
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.
Neighborhood & Transit
44 Estes St, Lynn · MA 01902
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lynn Interim Commuter Rail 1 route 0.23 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 113 days
- Listing Price:
- $13,299,000
- Price per Sq.Ft:
- $313
- Tax Assessment:
- $9 in 2026
- Taxes:
- $1 / Monthly
Home Facts
Interior Features
- Bedrooms
- 64
- Full Bathrooms
- 62
- Half Bathrooms
- 0
- Living Area
- 42,486 Sq.Ft
- Broker Disclosure about Living Area
- Combined living area of all 5 buildings in the portfolio.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 42486
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Other (See Remarks)
Exterior Features
- Lot Size
- 25,221 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 15 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Brick, Varies per Unit
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Daniel Alper
- Listing office
- Boston Realty Advisors
- MLS PIN #
- 73549418
- Disclosure
- 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.
- Disclosure
- Combined living area of all 5 buildings in the portfolio.