Sold
138 Franklin St, Lynn, MA
Lynn · MA 01902
- $1,995,000
- Price
- 14
- Beds
- 8
- Baths
- 7072
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1988
Units:
8 Units
Lot size:
7,479 Sq.Ft Lot
Price per square foot:
$279 / Sq.Ft
Parking:
8 Off Street Spaces
About this home
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
Neighborhood & Transit
138 Franklin St, Lynn · MA 01902
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 195 days
- Listing Price:
- $1,975,000
- Price per Sq.Ft:
- $279
- Tax Assessment:
- $1,350,000 in 2026
- Taxes:
- $1,409 / Monthly
Home Facts
Interior Features
- Bedrooms
- 14
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 7,072 Sq.Ft
- Broker Disclosure about Living Area
- Total SQFT 9,440
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 7072
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, Individually Metered, 400 Amps
Exterior Features
- Lot Size
- 7,479 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 8 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Dan Pouladian
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73502739
- Disclosure
- Total SQFT 9,440