108 Franklin St, Lynn, MA 01902

Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
108 Franklin St,Lynn, MA 01902
$7,500,000
  • 55 Beds
  • 30 Baths
  • 23,316 sq. ft.
  • Multi-family
  • Active
Listed by: stephen girolamo
Office: horvath & tremblay
MLS#:73451577
Source:MLSPIN

Price summary

  • Price:$7,500,000
  • Price per sq. ft.:$321.67

About this home

108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.

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Home facts

  • Year built:1960
  • Listing ID #:73451577
  • Updated:November 15, 2025 at 12:19 AM

Rooms and interior

  • Bedrooms:55
  • Total bathrooms:30
  • Full bathrooms:30
  • Living area:23,316 sq. ft.

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:23,316 sq. ft.
  • Lot area:0.5 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$7,500,000
  • Price per sq. ft.:$321.67
  • Tax amount:$59,444 (25)
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