$1,975,000
138 Franklin
Lynn, MA, 01902
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
Price:
$1,975,000
MLS #:
73502739
Status:
Active
Beds:
14
Baths:
8
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Apr 16, 2026
Finished Sq Ft:
7,072
Total Sq Ft:
7,072
Lot Size:
7,479 sqft / 0.17 acres (approx)
Year Built:
1988
Units:
8
Schools
Interior
Above Grade Finished Area
7072
Bathrooms
8 Full Bathrooms
Flooring
Wood, Tile, Vinyl
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Construction Materials
Frame
Green Energy Efficient
Varies per Unit
Lot Features
Easements, Level
Open Parking Spaces
8
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Assigned
Parking Spots
8
Parking Total
8
Roof
Rubber
Stories
5
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$16,911
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
- Address138 Franklin Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Similar Listings Nearby
Property Summary
- 138 Franklin Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $1,975,000 To schedule a showing of MLS#73502739 at 138 Franklin 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.
138 Franklin
Lynn, MA