44 Estes Street Portfolio St
$13,299,000
64
Beds
62
Baths
42,486
Sqft
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$13,299,000
64
Beds
62
Baths
42,486
Living Area
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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.
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Highlights
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1926
- Parking Spots: 15
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Active
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Additional Details
- Basement: Full
- Exterior Features: Other
- Lot Features: Other
- Roof: Rubber, Other
- Total Number of Units: 62
- Year Built Source: Public Records
- Construction: Frame, Brick, See Remarks
- Foundation: Other
- Road Frontage Type: Public, Dead End
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: 9
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Amenities
- Parking Features: Off Street, Driveway
- Waterfront Features: Bay, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $9
- Taxes: $9
- Tax Year: 2026
- Total Rent: $4,339
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Listing information provided courtesy of Boston Realty Advisors.
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