136-141A Franklin St, Lynn, MA 01902

Lynn
Local realty services provided by:ERA Cape Real Estate
136-141A Franklin St,Lynn, MA 01902
$4,050,000
  • 33 Beds
  • 17 Baths
  • 14,637 sq. ft.
  • Multi-family
  • Active
Listed by: sara pouladian, dan pouladian
Office: north shore realty advisors
MLS#:73481300
Source:MLSPIN

Price summary

  • Price:$4,050,000
  • Price per sq. ft.:$276.7

About this home

7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.

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Home facts

  • Year built:1988
  • Listing ID #:73481300
  • Updated:April 16, 2026 at 10:43 AM

Rooms and interior

  • Bedrooms:33
  • Total bathrooms:17
  • Full bathrooms:17
  • Rooms Total:67
  • Basement Description:Full
  • Living area:14,637 sq. ft.

Structure and exterior

  • Year built:1988
  • Building area:14,637 sq. ft.
  • Lot area:0.24 Acres
  • Foundation Description:Concrete Perimeter, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,050,000
  • Price per sq. ft.:$276.7
  • Tax amount:$35,484 (2025)

Parking

  • Total parking spaces:7
  • Parking description:Off Street, On Street, Paved Drive
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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