$4,050,000
136-141A Franklin St
Lynn, MA, 01902
7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
Property Details
Price:
$4,050,000
MLS #:
73481300
Status:
Active
Beds:
33
Baths:
17
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Mar 2, 2026
Finished Sq Ft:
14,637
Total Sq Ft:
14,637
Lot Size:
10,302 sqft / 0.24 acres (approx)
Year Built:
1988
Units:
17
Schools
Interior
Above Grade Finished Area
14637
Bathrooms
17 Full Bathrooms
Levels
3
Exterior
Community Features
Public Transportation, Shopping
Open Parking Spaces
7
Open Parking YN
1
Parking Features
Paved Drive, Off Street, On Street
Parking Spots
7
Parking Total
7
Stories
3
Financial
Tax Year
2025
Taxes
$35,484
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
- Address136-141A Franklin St Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 136-141A Franklin St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $4,050,000 To schedule a showing of MLS#73481300 at 136-141A Franklin St in Lynn, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of North Shore Realty Advisors. 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.
136-141A Franklin St
Lynn, MA