Assunta Palomba
Mango Realty, Inc.
(857) 305-4635
57 Total Sales
1 in Central Lynn
$900,000 Price
138 Franklin St Lynn, MA 01902
Central Lynn Neighborhood
14
Beds
8
Baths
7,072
Sq Ft
7,479
Sq Ft Lot
Highlights
- Medical Services
- Wood Flooring
- Park
- Property is near public transit and schools
- Jogging Path
- Shops
About This Home
As of June 2026Rare 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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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,911
Year Built
- Built in 1988
Lot Details
- 7,479 Sq Ft Lot
- Level Lot
Home Design
- Frame Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,072 Sq Ft Home
- Insulated Windows
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Driveway
- 8 Open Parking Spaces
- Off-Street Parking
- Assigned Parking
Location
- Property is near public transit and schools
Utilities
- 8 Heating Zones
- Separate Meters
Listing and Financial Details
- Total Actual Rent $17,405
Community Details
Overview
- 8 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $1,490
- Insurance Expense $7,200
- Water Sewer Expense $7,107
- Operating Expense $35,562
- Net Operating Income $45,618
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Lynn, MA
-
Assunta Palomba
-
C. Devon Holden
C. Devon Holden
C. Devon's Homes, LLC
(857) 380-1194
15 Total Sales
2 in Central Lynn
$830K - $860K Price Range
-
Team Valdez Mejia
Team Valdez Mejia
Keller Williams Realty
(351) 208-2030
160 Total Sales
1 in Central Lynn
$569,900 Price
-
Issam Dib
Issam Dib
Skyline Realty
(781) 776-5266
37 Total Sales
1 in Central Lynn
$350,000 Price
-
Juan Lopera-Martinez
Juan Lopera-Martinez
eXp Realty LLC
(339) 338-4961
85 Total Sales
1 in Central Lynn
$550,000 Price
-
Eugene Clements
Eugene Clements
Clements Realty Group
(351) 666-8361
48 Total Sales
1 in Central Lynn
$400,000 Price
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 |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | Sold | $1,995,000 | +1.0% | $282 / Sq Ft |
| 06/03/2026 06/03/26 | Pending | -- | -- | -- |
| 04/16/2026 04/16/26 | For Sale | $1,975,000 | -- | $279 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Dan Pouladian
Seller's Agent in 2026
Dan Pouladian
North Shore Realty Advisors
(617) 548-7737
2 in this area
30 Total Sales
-
Sara Pouladian
SP
Seller Co-Listing Agent in 2026
Sara Pouladian
North Shore Realty Advisors
(617) 910-6646
1 in this area
21 Total Sales
-
Shaundize Moosavizadeh
Buyer's Agent in 2026
Shaundize Moosavizadeh
Coldwell Banker Realty - Boston
(617) 549-3739
1 in this area
43 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73502739
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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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