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81A-83 Franklin Street, Lynn MA 01902

$2,015,000

Estimated $3,275.56/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $251,875

Total Rent: 2376/year

Estimated CAP Rate: 0.11%

15 Bedrooms

8 Full Baths

6,258 SqFt

Total Parking: 0

4,356 SqFt

We are excited to present this 8-unit multifamily deal located at 81A-83 Franklin Street in Lynn, MA. The includes two separate buildings. One 2-unit building made up of a 1-bedroom / 1-bathroom unit and a 2-bedroom / 1-bathroom unit and one 6-unit building made up of all 2-bedroom / 1-bathroom units. Both of these offer spacious living arrangements for tenants. Ideally situated in a sought after area, the property benefits from easy access to local amenities and excellent connectivity, with multiple bus routes and the MBTA train station providing convenient transportation options to downtown Lynn and Boston. This asset presents an excellent opportunity for investors. Additionally, the property provides potential for value-add improvements and long-term growth.

This home has been viewed 18 times

Last Checked: November 17th, 2025 at 7:08am (Source: MLS PIN #73454173)

Gross Income: $2,376

Gross Expenses: $99

Net Income Calc: $2,277

CAP Rate: 0.11%

Annual Expenses for 81A-83 Franklin Street, Lynn MA 01902

Total Gross Expenses (Calculated)$99/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$99

Annual Income & Unit Breakdown for 81A-83 Franklin Street, Lynn MA 01902

Total Gross Income (Calculated)$2,376

Unit 1

Rental Income$99

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$99

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 81A-83 Franklin Street, Lynn MA 01902

Listing ID73454173

Property TypeMulti Family / 5+ Family

Price$2,015,000 ($321.99/SqFt)

Style5-9 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total6,258 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking0

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoning99

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 81A-83 Franklin Street, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureTotal living area reflects combined square footage

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$99

Total Net Income By Broker$99

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 81A-83 Franklin Street, Lynn MA 01902

Real Estate Taxes$99

Tax Year99

Assessed Value$99

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$99

BostonRealEstate.com Gross Income

Total Net Income By Broker$99

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.11%

Location Information for 81A-83 Franklin Street, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 81A-83 Franklin Street, Lynn MA 01902

Agent

Name: Kevin Benzinger

Office

Name: Boston Realty Advisors

Phone: 617-375-7900

Team Members

Name: Daniel Alper

Phone: 617-768-7333

Name: Christopher Hatem

Phone: 781-690-4037

Payment Calculator

, Interest

Property Taxes 8.25

Principal & Interest 12415.79

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Boston Realty Advisors

Kevin Benzinger

Agent Phone

Office Phone

(617) 375-7900

Text Agent Call Agent Call Office

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    [description] => We are excited to present this 8-unit multifamily deal located at 81A-83 Franklin Street in Lynn, MA. The includes two separate buildings. One 2-unit building made up of a 1-bedroom / 1-bathroom unit and a 2-bedroom / 1-bathroom unit and one 6-unit building made up of all 2-bedroom / 1-bathroom units. Both of these offer spacious living arrangements for tenants. Ideally situated in a sought after area, the property benefits from easy access to local amenities and excellent connectivity, with multiple bus routes and the MBTA train station providing convenient transportation options to downtown Lynn and Boston. This asset presents an excellent opportunity for investors. Additionally, the property provides potential for value-add improvements and long-term growth.
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EXIT

Active

81A-83 Franklin Street, Lynn MA 01902

$2,015,000

Annual Expenses for 81A-83 Franklin Street, Lynn MA 01902

Annual Income & Unit Breakdown for 81A-83 Franklin Street, Lynn MA 01902

General Information for 81A-83 Franklin Street, Lynn MA 01902

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Financial Information for 81A-83 Franklin Street, Lynn MA 01902

Location Information for 81A-83 Franklin Street, Lynn MA 01902

Contact Information for 81A-83 Franklin Street, Lynn MA 01902

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Kevin Benzinger