$7,200,000
108 Franklin St
Lynn, MA, 01902
108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential mar
Property Details
Price:
$7,200,000
MLS #:
73504665
Status:
Active
Beds:
55
Baths:
30
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Apr 21, 2026
Finished Sq Ft:
23,316
Total Sq Ft:
23,316
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1960
Units:
30
Schools
Interior
Above Grade Finished Area
23316
Bathrooms
30 Full Bathrooms
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Open Parking Spaces
32
Open Parking YN
1
Parking Features
Paved Drive, Off Street
Parking Spots
32
Parking Total
32
Roof
Shingle
Stories
5
Financial
Tax Year
2026
Taxes
$60,302
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Lynn as of May 04, 2026
60
Multi Family Listed
119
Avg DOM
336
Avg $ / SqFt
$1,212,591
Avg List Price
Community
- Address108 Franklin St Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 108 Franklin St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $7,200,000 To schedule a showing of MLS#73504665 at 108 Franklin St in Lynn, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Horvath & Tremblay. The property listing data and information 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 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 set forth herein.
108 Franklin St
Lynn, MA