$2,075,000
137 Franklin St
Lynn, MA, 01902
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.
Property Details
Price:
$2,075,000
MLS #:
73502738
Status:
Active
Beds:
16
Baths:
9
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Apr 16, 2026
Finished Sq Ft:
7,565
Total Sq Ft:
7,565
Lot Size:
2,823 sqft / 0.06 acres (approx)
Year Built:
1900
Units:
9
Schools
Interior
Above Grade Finished Area
7565
Bathrooms
9 Full Bathrooms
Flooring
Tile, Vinyl, Varies, Hardwood
Levels
3
Exterior
Construction Materials
Frame
Lot Features
Corner Lot
Open Parking YN
1
Roof
Rubber
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2025
Taxes
$18,413
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…
More About MarieMortgage Calculator
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
- Address137 Franklin St Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 137 Franklin St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $2,075,000 To schedule a showing of MLS#73502738 at 137 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.
137 Franklin St
Lynn, MA