136-141A Franklin St, Lynn, MA 01902
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$4,050,000
17 Unit
33 Beds
17 Baths
14637 SQFT
0.24 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 17
  • Total Floors: 3
  • Total Bedrooms: 33
  • Total Full Baths: 17
  • Amenities: Public Transportation, Shopping
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 447780
  • Gross Expenses: 120618
  • Net Operating Income: 304773

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1988
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Fieldstone, Poured Concrete
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73481300
  • Last Updated: 03/06/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/06/2026Active$4,050,000$277MLSPIN
03/02/2026New$4,050,000$277MLSPIN

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Seller's Representative: Sara Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-06 03:05:00