108 Franklin St Lynn, MA ^$ 7,500,000

108 Franklin St

^$ 7,500,000

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108 Franklin St

Lynn, MA, 01902

^$ 7,500,000

Bedrooms55 Baths30.0 Sq 23,316

Monthly Estimate*

^$ 46,790

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Multi-Family Home for sale in Lynn, MA

for $7,500,000 with 55 bedrooms and 30 full baths. This 23,316 square foot home was built in 1960 on a lot size of 0.5.

108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.

Multi-Family Active

Price

^$ 7,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 59,444

Style

5+ Family - 5+ Units Up/Down

Lot Size

0.5

Year Built

1960

Town/City

Lynn

County/Region

Essex

MLS | Web ID

73451577

List By

Stephen Girolamo

Listing Agent

Horvath & Tremblay

Broker

Affordability Calculator

$51,744

Per Month

Monthly Principal & Interest: $46,790
Monthly Property Taxes: $4,954
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Multi-family listings in Lynn, MA

Average List Price ^$1,403,772

Percent of Sale Price 81%

About Lynn, MA

92,878 Population

4% Since 2002

^$52,444 Median Income

37.53 Median Age

32% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
11/5/2025	$7,500,000		Listed Price

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108 Franklin St, Lynn, MA, 01902 is a Multi-Family Home for sale at $7,500,000 with 23,316 sqft and a lot size of 0.5. 108 Franklin St has 55 bedrooms, 30.0 baths, and was built in 1960. The property's zip code is 01902 which is in Lynn, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/8/2025.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 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 or leasing 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 or leasing. 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.

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108 Franklin St

Multi-Family Home for sale in Lynn, MA

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