137 Franklin Street, Lynn, MA 01902
137 Franklin Street, Lynn, MA 01902
137 Franklin Street, Lynn, MA 01902
137 Franklin Street, Lynn, MA 01902
137 Franklin Street, Lynn, MA 01902
137 Franklin Street, Lynn, MA 01902
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Jesiane Fernandes

Jesiane Fernandes

+1(401) 359-6364
$ 1,950,000
Est. payment | /mo

19 Beds

9 Baths

7,565 SqFt

Save
$ 1,950,000
Est. payment | /mo
Save

19 Beds

9 Baths

7,565 SqFt

Open House

Tue Jun 23, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 7,565 sqft

Price per Sqft $257

MLS Listing ID 73538118

Bedrooms 19

Full Baths 9

Year Built 1900

Annual Tax Amount $18,413

Tax Year 2026

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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.

Location

State MA

County Essex

Zoning B

Direction Western Ave to Franklin Street

Rooms

Basement Full, Unfinished

Interior

Flooring Vinyl, Varies, Hardwood

Exterior

Utilities Available for Gas Range, for Electric Range

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors
Jesiane Fernandes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 359-6364

kriolahomes@gmail.com

843 Reservoir Ave, Cranston, RI, 02910-4443, USA

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137 Franklin Street