138 Franklin, Lynn, MA 01902

Lynn
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
138 Franklin,Lynn, MA 01902
$1,975,000
  • 14 Beds
  • 8 Baths
  • 7,072 sq. ft.
  • Multi-family
  • Active
Listed by: dan pouladian
Office: north shore realty advisors
MLS#:73502739
Source:MLSPIN

Price summary

  • Price:$1,975,000
  • Price per sq. ft.:$279.27

About this home

Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300

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Home facts

  • Year built:1988
  • Listing ID #:73502739
  • Updated:April 17, 2026 at 10:42 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:28
  • Flooring:Tile, Vinyl, Wood
  • Basement Description:Concrete, Full, Partially Finished
  • Living area:7,072 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1988
  • Building area:7,072 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Easements, Level
  • Construction Materials:Frame
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,975,000
  • Price per sq. ft.:$279.27
  • Tax amount:$16,911 (2026)

Parking

  • Total parking spaces:8
  • Parking description:Assigned, Off Street, Paved Drive
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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