137 Franklin St, Lynn, MA 01902

Lynn
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
137 Franklin St,Lynn, MA 01902
$2,075,000
  • 16 Beds
  • 9 Baths
  • 7,565 sq. ft.
  • Multi-family
  • Active
Listed by: sara pouladian, dan pouladian
Office: north shore realty advisors
MLS#:73502738
Source:MLSPIN

Price summary

  • Price:$2,075,000
  • Price per sq. ft.:$274.29

About this home

Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.

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Home facts

  • Year built:1900
  • Listing ID #:73502738
  • Updated:April 17, 2026 at 10:42 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:9
  • Full bathrooms:9
  • Rooms Total:34
  • Flooring:Hardwood, Tile, Vinyl
  • Basement Description:Full
  • Living area:7,565 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:7,565 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Frame
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,075,000
  • Price per sq. ft.:$274.29
  • Tax amount:$18,413 (2025)
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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