137 Franklin Street
Lynn, MA 01902
19
Bed
9
Bath
7,565Sqft
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 9 Full Baths: 9Room Information
Total Bedroom: 19 Window Feature: Insulated Windows -
Flooring Information
Vinyl, Varies, Hardwood -
Roofing Information
Rubber -
Interior Features
Roof: Rubber -
Heating & Cooling
WaterSource: Public
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Building Information
Year Built: 1900 Construction Materials: Frame Basement: Full, Unfinished -
Exterior Features
Foundation Details: Stone
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Lot Information
Lot Description: Corner Lot, Level Lot Size Units: Acres Stories: 3Property Information
Property Type: Residential Income Sub Type: 5+ Family - 5+ Units Up/DownSQ ft (Living Area): 7,565
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Listing Price Information
Original Listing Price: $1950000
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Tax Information
Parcel Number: 2003838 Annual Tax: $18413
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Utility Information
for Gas Range, for Electric Range -
Location Information
Direction: Western Ave to Franklin Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 49 Atlantic Terrace, Lynn, MA, 01902 | $1,250,000 | 4 | 4 | 3,750 | 3,750 SqFt |
| 13 Essex St #2, Lynn, MA, 01902 | $699,999 | 4 | 3 | 3,900 | 3,900 SqFt |
| 10 Williams Ave, Lynn, MA, 01902 | $699,999 | 3 | 2 | 1,222 | 1,222 SqFt |
| 145 Lewis St, Lynn, MA, 01902 | $6,100,000 | 33 | 26 | 17,407 | 17,407 SqFt |
| 2 Chestnut Terrace, Lynn, MA, 01902 | $589,999 | 3 | 1 | 1,536 | 1,536 SqFt |
| 4-4A Broad St, Lynn, MA, 01902 | $1,190,000 | 9 | 5 | 4,089 | 4,089 SqFt |
| 8 Chestnut St, Lynn, MA, 01902 | $549,000 | 3 | 2 | 1,470 | 1,470 SqFt |
| 40 Archer St, Lynn, MA, 01902 | $729,988 | 5 | 3 | 1,932 | 1,932 SqFt |
| 77-79 Chestnut Street, Lynn, MA, 01902 | $1,850,000 | 13 | 5 | 5,368 | 5,368 SqFt |
| 66 Baltimore Street #66, Lynn, MA, 01902 | $549,900 | 2 | 2 | 1,478 | 1,478 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 18:30
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