138 Franklin St Lynn, MA 01902
Central Lynn NeighborhoodEstimated payment $12,066/month
Highlights
- Medical Services
- Wood Flooring
- Park
- Property is near public transit and schools
- Jogging Path
- Shops
About This Home
Rare 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
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
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
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 |
|---|---|---|---|---|
| 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)
MLS Number: 73502739
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