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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.

More Info

Basic Information

  • Gross Income $87,600
  • Lot Features Corner Lot, Level
  • Mls StatusNew
  • Parcel Number 2003838

Tax Information

  • Tax Assessed Value $1,777,300
  • Tax Year 2026
  • Taxes$18,413

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom9
  • Bathrooms Total Decimal 9
  • Bedrooms19
  • Full Bath9

Basic Information

  • List Price$1,950,000
  • MLS Number73538118
  • Modification Date06/18/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address137 Franklin Street
  • Building Number137
  • CountyEssex
  • StateMA
  • StreetFranklin Street
  • TownLynn
  • Zip01902

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Foundation Area 999
  • 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

Interior

  • Flooring Vinyl, Varies, Hardwood

Exterior

  • RoofRubber

Utilities

  • Electric Circuit Breakers
  • Sewer Public Sewer
  • Water Source Public

Property Information

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

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningB

Other

  • Date Listed06/18/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Dan Pouladian of North Shore Realty Advisors

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