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$2,075,000
1 Day On Site

137 Franklin St
Lynn, MA 01902

For Sale|Multi Family|Active
16
Beds
9
Total Baths
9
Full Baths
7,565
SqFt
$274
/SqFt
1900
Built
County:
Essex
Upcoming Open Houses
Fri, Apr 24, 12:00 PM - 1:30 PM
137 Franklin St137 Franklin St137 Franklin St137 Franklin St
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Monthly Payment (Est.)

$9,467
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.

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Listing Snapshot
Price 
$2,075,000
Days On Site 
1 Day
Bedrooms 
16
Inside Area (SqFt) 
7,565 sqft
Total Baths 
9
Full Baths 
9
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1900
MLS® Number 
73502738
Status 
Active
Property Tax 
$18,413
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.06
Disclosures 
Has 9 lead certificates
Foundation 
Stone
Number Of Stories 
3
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
7565
SqFt Total 
7565
Water Source 
Public
Zoning 
B
Interior Features
Appliances 
Gas Water Heater
Basement 
Full
Electric 
Circuit Breakers
Flooring 
TileVinylVariesHardwood
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
Frame
Lot Features 
Corner Lot
Roof 
Rubber
Windows/Doors 
Insulated Windows
Listing courtesy of Sara Pouladian of North Shore Realty Advisors



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, landlords, 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, leasing or renting 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, leasing or renting. 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.

Last checked 2026-04-18 10:38 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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