137 Franklin St Lynn, MA 01902
Central Lynn NeighborhoodEstimated payment $11,829/month
About This Home
Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,413
Year Built
- Built in 1900
Lot Details
- Corner Lot
- Level 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
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 19 Bedrooms
- 9 Full Bathrooms
Community Details
- 9 Units
- Net Operating Income $87,600
Listing and Financial Details
- Assessor Parcel Number 2003838
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Pending | -- | -- | -- |
| 06/27/2026 06/27/26 | Price Changed | $1,875,000 | -3.8% | $248 / Sq Ft |
| 06/18/2026 06/18/26 | For Sale | $1,950,000 | -- | $258 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73538118
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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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