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.
Listed by Dan Pouladian
·
North Shore Realty Advisors
·
617-548-7737
Listed by Sara Pouladian
·
North Shore Realty Advisors
Last updated April 24, 2026
·
Source: MLSPin #73502738
Listing Facts
TypeMulti-family
NeighborhoodCentral Lynn
Bedrooms16
Bathrooms9
Days on Prevu14
Taxes$18,413/year
Size7,565 sqft
Price per sqft$274
Amenities
Parking
Location
Mortgage Calculator
Listing History
04/16/2026
Listed by North Shore Realty Advisors
$2,075,000
Property Details for 137 Franklin St
Exterior
Construction
Number Of Units Total: 9
Roof: Rubber
Stories: 3
Stories Total: 3
Window Features: Insulated Windows
Year Built: 1900
Year Built Details: Approximate
Construction Materials: Frame
Features
Road Frontage Type: Public
Measurements
Building Area Total: 7,565
Building Area Units: Square Feet
Lot Features: Corner Lot
Lot Size Acres: 0.06
Lot Size Area: 0
Lot Size Square Feet: 2,823
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $242,100.00
Operating Expense: $64,274.00
Taxes
Parcel Number: M:054 B:650 L:022,2003838
Tax Annual Amount: $18,413.00
Tax Assessed Value: $1,777,300.00
Tax Year: 2025
Interior
Features
Flooring: Tile, Vinyl, Varies, Hardwood
Measurements
Living Area: 7,565
Living Area Source: Public Record
Rooms
Basement: Full
Bathrooms Full: 9
Bathrooms Total Integer: 9
Bedrooms Total: 16
Rooms Total: 34
Parking
Parking
Open Parking: Yes
Utilities
Equipment
Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Utilities: For Gas Range, For Electric Range
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 16 bedrooms and 9 bathrooms in this multi-family home at 137 Franklin St.
What are the annual taxes for 137 Franklin St?
Annual taxes for this multi-family home are estimated at $18,413.
How does 137 Franklin St compare to other multi-family homes in Central Lynn?
This multi-family home is listed 37% below the average price for multi-family homes in Central Lynn and has been on the market for 15 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 7,565 sqft.
137 Franklin St is a 16-bedroom, 9-bath multi-family home for sale in Lynn MA 01902. On Prevu for 14 days at $2,075,000. This property features 7,565 square feet of living space, located in Central Lynn. The median listing price for multi-family homes in this area is $512,250. The home offers parking. Explore more multi-family home listings in Lynn.
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.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.