136 Franklin St Lynn, MA 01902
Central Lynn NeighborhoodEstimated payment $23,759/month
Highlights
- 0.24 Acre Lot
- Property is near public transit
- Shops
About This Home
7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,484
Year Built
- Built in 1988
Home Design
- Stone Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 14,637 Sq Ft Home
- Property has 2 Levels
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 33 Bedrooms
- 17 Full Bathrooms
Parking
- 7 Car Parking Spaces
- Driveway
- On-Street Parking
- 7 Open Parking Spaces
- Off-Street Parking
Additional Features
- 10,302 Sq Ft Lot
- Property is near public transit
Community Details
Building Details
- Operating Expense $120,618
- Net Operating Income $304,773
Additional Features
- 17 Units
- Shops
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2026 03/02/26 | For Sale | $4,050,000 | -- | $277 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73481300
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