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.
- Basement:
- Full
- Parking:
- Off Street, Driveway
- Construction:
- Brick, Frame, See Remarks
- Exterior Unit Features:
- Other
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- 1 deeded parking space, plus open parking. Add'l 700SF in partially finished attic. Extra storage in basement. Kitchen appliances(2025), New decking & railings(2025), Gas Boiler
- Electric Feature:
- Other (see Remarks)
- Garage Parking
- Lead Paint:
- Unknown
- Parking Spaces:
- 15
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $313
- Zoning:
- 9
- No Units:
- 62
- Orig Price:
- $13,299,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 3' 50.8''
- Latitude:
- N42° 27' 54.4''
Residential Income
44 Estes Street Portfolio, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $13,299,000
- Bedrooms :
- 64
- Rooms :
- 99
- Total Bathrooms :
- 62
- Full Bathrooms :
- 62
- Square Footage :
- 42,486 Sqft
- Year Built :
- 1926
- Lot Area :
- 0.58 Acre
- Listing ID :
- 73549418
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com