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$ 1,925,000
$ 1,875,000 2.7%
Est. payment /mo
Sold on 09/01/2026
137 Franklin Street Lynn, MA 01902
19 Beds
9 Baths
7,565 SqFt
UPDATED:
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 7,565 sqft
Price per Sqft $254
MLS Listing ID 73538118
Sold Date 09/01/26
Bedrooms 19
Full Baths 9
Year Built 1900
Annual Tax Amount $18,413
Tax Year 2026
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.
Location
State MA
County Essex
Zoning B
Direction Western Ave to Franklin Street
Rooms
Basement Full, Unfinished
Interior
Flooring Vinyl, Varies, Hardwood
Exterior
Utilities Available for Gas Range, for Electric Range
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot, Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by North Shore Realty Advisors
Bought with Dan Pouladian • North Shore Realty Advisors
Bought with Dan Pouladian • North Shore Realty Advisors
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