$7,500,000

108 Franklin St Lynn, MA 01902

Central Lynn Neighborhood

Estimated payment $44,405/month

Total Views 6,322
55 Beds
30 Baths
23,316 Sq Ft
$322 Price per Sq Ft

Highlights

  • Golf Course Community
  • 0.5 Acre Lot
  • Community Pool
  • Medical Services
  • Property is near public transit
  • Tennis Courts

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.

Listing Agent

Steve Girolamo

Horvath & Tremblay Listed on: 11/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $59,444

Year Built

  • Built in 1960

Home Design

  • Shingle Roof

Interior Spaces

  • 23,316 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 55 Bedrooms
  • 30 Full Bathrooms

Parking

  • 32 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • 0.5 Acre Lot
  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water)
  • Assessor Parcel Number 2005591

Community Details

Overview

  • 30 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park

Building Details

  • Operating Expense $241,645
  • Net Operating Income $454,055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$59,444

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1960
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 55
  • Full Bathrooms: 30
  • Total Bathrooms: 30
  • Above Grade Finished Sq Ft: 23316
  • Living Area: 23316
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 32

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2005591
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 25
  • Tax Annual Amount: 59444

Multi Family

  • Net Operating Income: 454055
  • Number Of Units Total: 30
  • Operating Expense: 241645
  • Total Actual Rent: 32767
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 For Sale $7,500,000 -- $322 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73451577

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lynn 01902 Central Lynn

108 Franklin St, Lynn, MA

For Sale

MultiFamily

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MLS Property Information Network (MLS PIN) 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.

Nearby Homes
Steve Girolamo
Listing Agent
Steve Girolamo
Section Image
Horvath & Tremblay
(339) 218-6962