137 Franklin St Lynn, MA 01902
Central Lynn NeighborhoodEstimated payment $12,459/month
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,413
Year Built
- Built in 1900
Lot Details
- 2,823 Sq Ft Lot
- Corner Lot
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 7,565 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Insulated Doors
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 16 Bedrooms
- 9 Full Bathrooms
Utilities
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number M:054 B:650 L:022,2003838
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $569
- Insurance Expense $8,400
- Water Sewer Expense $8,300
- Operating Expense $64,274
- Net Operating Income $165,721
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | For Sale | $2,075,000 | -- | $274 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73502738
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Ask me questions while you tour the home.