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$ 13,299,000
Est. payment /mo
New
44 Estes Street Portfolio Lynn, MA 01902
64 Beds
62 Baths
42,486 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 42,486 sqft
Price per Sqft $313
MLS Listing ID 73549418
Bedrooms 64
Full Baths 62
Year Built 1926
Annual Tax Amount $9
Tax Year 2026
Lot Size 0.580 Acres
Acres 0.58
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
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.
Location
State MA
County Essex
Zoning 9
Direction Broad St -> Estes Street
Rooms
Basement Full
Exterior
Exterior Feature Other
Waterfront Description Bay,Walk to,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Roof Type Rubber,Other
Total Parking Spaces 15
Garage No
Building
Lot Description Other
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Boston Realty Advisors