$2,075,000
OPEN THU 11AM - 12PM

139 Franklin St Lynn, MA 01902

Central Lynn Neighborhood

Estimated payment $12,535/month

Total Views 1,435
16 Beds
9 Baths
7,565 Sq Ft
$274 Price per Sq Ft

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.

Listing Agent

Sara Pouladian

North Shore Realty Advisors Listed on: 04/16/2026

Co-Listing Agent

Dan Pouladian

North Shore Realty Advisors

Open House Schedule

  • Thursday, May 7, 2026
    11:00 am to 12:00 pm
    5/7/2026 11:00:00 AM +00:00
    5/7/2026 12:00:00 PM +00:00
    Please text or email me if you are bringing or sending a client, 617-910-6646 sara@northshorerealtyadvisors.com
    Add to Calendar

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

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,413

Year Built

Built in 1900

Lot Details

2,823 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: OpenHouse
  • Stories: 3

Interior Features

  • Flooring: Tile, Vinyl, Varies, Hardwood
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Total Bedrooms: 16
  • Basement YN: Yes
  • Full Bathrooms: 9
  • Total Bathrooms: 9
  • Basement: Full
  • Above Grade Finished Sq Ft: 7565
  • Living Area: 7565
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN7007

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Electric: Circuit Breakers, Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 8300

Lot Info

  • Parcel Number: M:054 B:650 L:022
  • Zoning: B
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2823
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 18413

Multi Family

  • Electric Expense: 569
  • Insurance Expense: 8400
  • Net Operating Income: 165721
  • Number Of Units Total: 9
  • Operating Expense: 64274
  • Total Actual Rent: 20175
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73502738

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lynn 01902 Central Lynn

139 Franklin St, Lynn, MA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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Listing Agent
Sara Pouladian
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North Shore Realty Advisors
(339) 331-1330
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