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137 Franklin StLynn, MA 01902

For Sale

$2,075,000

Smart Buyer Rebate $10,375

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

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North Shore Realty Advisors

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617-548-7737

Listed by Sara Pouladian

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North Shore Realty Advisors

Last updated April 24, 2026

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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.

Full MLS Disclaimers

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.