$1,950,000
137 Franklin Street
Lynn, MA, 01902
Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.
Property Details
Price:
$1,950,000
MLS #:
73538118
Status:
Active
Beds:
19
Baths:
9
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Jun 18, 2026
Finished Sq Ft:
7,565
Total Sq Ft:
7,565
Year Built:
1900
Units:
9
Schools
Interior
Above Grade Finished Area
7565
Bathrooms
9 Full Bathrooms
Flooring
Vinyl, Varies, Hardwood
Levels
3
Exterior
Construction Materials
Frame
Lot Features
Corner Lot, Level
Open Parking YN
1
Roof
Rubber
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$18,413
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Lynn as of Jun 20, 2026
74
Multi Family Listed
108
Avg DOM
327
Avg $ / SqFt
$1,321,623
Avg List Price
Community
- Address137 Franklin Street Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 137 Franklin Street Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $1,950,000 To schedule a showing of MLS#73538118 at 137 Franklin Street in Lynn, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of North Shore Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
137 Franklin Street
Lynn, MA