44 Estes St, Lynn, MA, 01902
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1926
Materials
- Foundation: Other
- Roof: Rubber,Other
- Construction materials: Frame,Brick,See Remarks
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Family - 5+ Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 64
- Bathrooms: 62
- Full bathrooms: 62
Features
- Finished area above ground: 42,486
Interior Area
- Total structure area: 42,486
- Total interior livable area: 42,486 sqft
Property
Details
- Parcel number: LYNNM082B601L030
- Zoning: 9
Features
- Patio & porch: Porch,Deck
- Exterior features: Other
- Waterfront features: Bay,Walk to,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Lot
- Lot size: 0.58 Acres
- Features: Other
Parking
- Total spaces: 15
- Parking features: Off Street,Driveway
- Has uncovered spaces: Yes
- Uncovered spaces: 15
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $67,246 | $806,952 |
| Home Insurance * | $5,587 | $67,044 |
| Property Taxes | $11,298 | $135,576 |
| Electricity | $8,377 | $100,535 |
| Total | $92,508 | $1,110,096 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-14 | Listed for sale | $13,299,000 |
| 2021-03-31 | Listing removed | -- |
| 2020-10-31 | Price change | $1,550 |
| 2020-08-16 | Price change | $1,475 |
| 2020-07-31 | Listed for rent | $1,775 |
| 2020-06-07 | Listing removed | $1,775 |
| 2020-03-07 | Listed for rent | $1,775 |
| 2018-12-22 | Listing removed | $1,425 |
| 2018-11-15 | Price change | $1,425 |
| 2018-08-28 | Listed for rent | $1,325 |
| 2018-04-19 | Listing removed | $1,275 |
| 2018-03-31 | Listed for rent | $1,275 |
| 2018-02-15 | Listing removed | $1,475 |
| 2018-01-15 | Listed for rent | $1,475 |
| 2017-12-04 | Listing removed | $1,475 |
| 2017-11-04 | Price change | $1,475 |
| 2017-08-08 | Listed for rent | $1,525 |
| 2017-05-29 | Listing removed | $1,300 |
| 2017-04-03 | Price change | $1,300 |
| 2017-03-03 | Price change | $1,575 |
| 2017-02-01 | Price change | $1,450 |
| 2017-01-16 | Listed for rent | $875 |
| 2005-07-19 | Sold | $4,350,000 |
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