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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 62 |
| Living area | 42,486 sqft |
| Lot size | 25,221 sqft |
| Year built | 1926 |
| Price / sqft | $313 |
| County | Essex |
| MLS # | 73549418 |
Listing status
| Days on market | 4 days |
| Listed on | July 14, 2026 |
Taxes & financials
| Annual property tax | $9 |
| Tax year | 2026 |
| Assessed value | $9 |
| Zoning | 9 |
| Gross income (actual) | $1,427,636/yr |
| Net operating income (actual) | $900,845/yr |
| Total actual rent | $4,339/mo |
Building & lot
| Stories | 2 |
| Total rooms | 99 |
| Lot size | 0.58 acres |
| Garage spaces | 0 |
| Parking spaces | 15 |
| Parking | Off Street, Driveway |
| Basement | Full |
| Foundation | Other |
| Roof | Rubber, Other |
| Construction | Frame, Brick, See Remarks |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 44 Estes Street Portfolio, Lynn MA 01902 have?
It is a 62-unit multi-family property with 42,486 sqft of living area, built in 1926.
How long has 44 Estes Street Portfolio, Lynn MA 01902 been on the market?
44 Estes Street Portfolio, Lynn MA 01902 has been listed for 4 days (since July 14, 2026).
What is the price per unit?
At a list price of $13,299,000 across 62 units, that works out to roughly $214,500 per unit.
What are the property taxes on 44 Estes Street Portfolio, Lynn MA 01902?
Annual property taxes are $9 (2026), on an assessed value of $9.
What is the price per square foot?
At $13,299,000 for 42,486 sqft, that's about $313 per square foot.
Is there parking?
15 total parking spaces (off street, driveway).
Where is this property located?
44 Estes Street Portfolio, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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