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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.

More Info

Basic Information

  • Gross Income $242,100
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number M:054 B:650 L:022

Tax Information

  • Tax Assessed Value $1,777,300
  • Tax Year 2025
  • Taxes$18,413

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom9
  • Bathrooms Total Decimal 9
  • Bedrooms16
  • Full Bath9

Basic Information

  • List Price$2,025,000
  • MLS Number73502738
  • Modification Date05/19/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address139 Franklin Street
  • Building Number139
  • CountyEssex
  • StateMA
  • StreetFranklin Street
  • TownLynn
  • Zip01902

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Door Features Insulated Doors
  • FoundationStone
  • Foundation Area 2600
  • Levels 3
  • Rooms34
  • Stories3
  • Units9
  • Utilities For Gas Range, For Electric Range
  • Window Features Insulated Windows
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.06

Interior

  • Flooring Tile, Vinyl, Varies, Hardwood

Exterior

  • RoofRubber

Utilities

  • Electric Circuit Breakers, Individually Metered
  • Electric Expense 569
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 7,565
  • Lot Size Square Feet 2,823
  • Lot Size Units Acres
  • Square Feet7,565

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningB

Other

  • Date Listed04/16/2026
  • Farm Land Area Units Square Feet
  • View Count3

Map Location

Driving Directions

Listed by Sara Pouladian of North Shore Realty Advisors

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