138 Franklin Lynn, MA ^$ 1,975,000

138 Franklin

^$ 1,975,000

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138 Franklin

Lynn, MA, 01902

^$ 1,975,000

Bedrooms14 Baths8.0 Sq 7,072

Monthly Estimate*

^$ 12,160

Multi-Family Home for sale in Lynn, MA

for $1,975,000 with 14 bedrooms and 8 full baths. This 7,072 square foot home was built in 1988 on a lot size of 0.17.

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

Multi-Family Active

Price

^$ 1,975,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 16,911

Style

5-9 Family

Lot Size

0.17

Year Built

1988

Town/City

Lynn

County/Region

Essex

MLS | Web ID

73502739

List By

Dan Pouladian

Listing Agent

North Shore Realty Advisors

Broker

Affordability Calculator

$13,570

Per Month

Monthly Principal & Interest: $12,160
Monthly Property Taxes: $1,409
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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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Trends

Multi-family listings in Lynn, MA

Average List Price ^$1,309,235

Percent of Sale Price 34%

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
4/16/2026	$1,975,000		Listed Price

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138 Franklin, Lynn, MA, 01902 is a Multi-Family Home for sale at $1,975,000 with 7,072 sqft and a lot size of 0.17. 138 Franklin has 14 bedrooms, 8.0 baths, and was built in 1988. 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 6.25% 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 4/18/2026.

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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138 Franklin

Multi-Family Home for sale in Lynn, MA

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