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$1,975,000
New Listing

138 Franklin
Lynn, MA 01902

For Sale|Multi Family|Active
14
Beds
8
Total Baths
8
Full Baths
7,072
SqFt
$279
/SqFt
1988
Built
County:
Essex
138 Franklin138 Franklin138 Franklin138 Franklin
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Monthly Payment (Est.)

$9,011
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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

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Listing Snapshot
Price 
$1,975,000
Days On Site 
0 Days
Bedrooms 
14
Inside Area (SqFt) 
7,072 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1988
MLS® Number 
73502739
Status 
Active
Property Tax 
$16,911
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS®
10 hours agoListing first seen on site
General Features
Acres 
0.17
Foundation 
Concrete Perimeter
Number Of Stories 
5
Parking 
PavedOff StreetAssigned
Parking Spaces 
8
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
7072
SqFt Total 
7072
Water Source 
Public
Zoning 
B
Interior Features
Appliances 
Gas Water Heater
Basement 
FullPartially FinishedConcrete
Electric 
Circuit Breakers
Flooring 
WoodTileVinyl
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
Frame
Lot Features 
Level
Roof 
Rubber
Windows/Doors 
Insulated Windows
Community Features
Community Features 
Park
Listing courtesy of Dan 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 2026-04-16 10:55 PM 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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