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137 Franklin Street, Lynn MA 01902

$1,950,000

Estimated $4,696/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $216,666.67

Total Rent: 87600/year

Estimated CAP Rate:

19 Bedrooms

Baths

7565

Total Parking: 0

0 (0.00)

Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.

This home has been viewed 4 times

Last Checked: June 19th, 2026 at 6:48am (Source: MLS PIN #73538118)

Gross Income: $87,600

Gross Expenses: $18,413

Net Income Calc: $69,187

Annual Expenses for 137 Franklin Street, Lynn MA 01902

Total Gross Expenses (Calculated)$18,413/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax18413

Annual Income & Unit Breakdown for 137 Franklin Street, Lynn MA 01902

Total Gross Income (Calculated)$87,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 137 Franklin Street, Lynn MA 01902

Listing ID73538118

Property TypeMulti Family

Price1950000 ($257.77/SqFt)

Style5+ Family - 5+ Units Up/down

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total7565

Approximate Lot Size (Acres)0

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area999

Foundation Description

Accessible Features

Outdoor Space

ZoningB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 137 Franklin Street, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 137 Franklin Street, Lynn MA 01902

Real Estate Taxes18413

Tax Year2026

Assessed Value$1,777,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 137 Franklin Street, Lynn MA 01902

Neighborhood(s)

Area Amenities

Contact Information for 137 Franklin Street, Lynn MA 01902

Agent

Name: Dan Pouladian

Office

Name: North Shore Realty Advisors

Phone: 617-548-7737

Payment Calculator

, Interest

Property Taxes 1534.42

Principal & Interest 12015.28

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian

Agent Phone

Office Phone

(617) 548-7737

Text Agent Call Agent Call Office

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EXIT

8 More Photos

Active

137 Franklin Street, Lynn MA 01902

$1,950,000

Annual Expenses for 137 Franklin Street, Lynn MA 01902

Annual Income & Unit Breakdown for 137 Franklin Street, Lynn MA 01902

General Information for 137 Franklin Street, Lynn MA 01902

Disclosures for 137 Franklin Street, Lynn MA 01902

Financial Information for 137 Franklin Street, Lynn MA 01902

Location Information for 137 Franklin Street, Lynn MA 01902

Contact Information for 137 Franklin Street, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian