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138 FranklinLynn, MA 01902

For Sale

$1,975,000

Smart Buyer Rebate $9,875

Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package 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 20, 2026

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Source: MLSPin #73502739

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Lynn
  • Bedrooms14
  • Bathrooms8
  • Days on Prevu14
  • Taxes$16,911/year
  • Size7,072 sqft
  • Price per sqft$279

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/16/2026
Listed by North Shore Realty Advisors
$1,975,000

Property Details for 138 Franklin

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University

Exterior

Construction

  • Number Of Units Total: 8
  • Roof: Rubber
  • Stories: 5
  • Stories Total: 5
  • Window Features: Insulated Windows
  • Year Built: 1988
  • Year Built Details: Actual
  • Construction Materials: Frame

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 7,072
  • Building Area Units: Square Feet
  • Lot Features: Easements, Level
  • Lot Size Acres: 0.17
  • Lot Size Area: 0
  • Lot Size Square Feet: 7,479
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $208,860.00
  • Operating Expense: $35,562.00

Taxes

  • Tax Annual Amount: $16,911.00
  • Tax Assessed Value: $1,350,000.00
  • Tax Year: 2026

Interior

Features

  • Flooring: Wood, Tile, Vinyl

Measurements

  • Living Area: 7,072
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Partially Finished, Concrete
  • Bathrooms Full: 8
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 14
  • Rooms Total: 28

Other

Environmental

  • Green Energy Efficient: Varies per Unit

Parking

Parking

  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street, Assigned
  • Parking Total: 8

Utilities

Equipment

  • Electric: Circuit Breakers, Individually Metered
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Gas Oven
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 14 bedrooms and 8 bathrooms in this multi-family home at 138 Franklin.

Does this multi-family home have parking?

Yes, there are 8 parking spaces available for 138 Franklin.

What are the annual taxes for 138 Franklin?

Annual taxes for this multi-family home are estimated at $16,911.

How does 138 Franklin compare to other multi-family homes in Central Lynn?

This multi-family home is listed 40% 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 7,072 sqft.

138 Franklin is a 14-bedroom, 8-bath multi-family home for sale in Lynn MA 01902. On Prevu for 14 days at $1,975,000. This residence features 7,072 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. Browse 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.