137 Franklin Street Lynn MA 01902 MLS #73538118

137 Franklin Street
Lynn, MA, 01902
$1,950,000
19 Beds
9 Baths
7,565 SqFt
0 Acres
$1,950,000
137 Franklin Street
Lynn, MA, 01902
MLS #73538118 image #0
Open House Jun 23, 2026
12:00 – 01:00
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

Net Operating Income
$87,600
Tax Year
2026
Taxes
$18,413
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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

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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.
137 Franklin Street
Lynn, MA