137 Franklin Street Lynn, MA ^$ 1,950,000

137 Franklin Street

^$ 1,950,000

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Recently Listed

Open House 6/23 12pm - 1pm

137 Franklin Street

Lynn, MA, 01902

^$ 1,950,000

Bedrooms19 Baths9.0 Sq 7,565

Monthly Estimate*

^$ 12,006

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Multi-Family Home for sale in Lynn, MA

for $1,950,000 with 19 bedrooms and 9 full baths. This 7,565 square foot home was built in 1900.

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.

Open House

6/23/2026 12:00 PM - 1:00 PM

137 Franklin Street Lynn, MA

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 1,950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 18,413

Style

5+ Family - 5+ Units Up/Down

Year Built

1900

Town/City

Lynn

County/Region

Essex

MLS | Web ID

73538118

List By

Dan Pouladian

Listing Agent

North Shore Realty Advisors

Broker

Affordability Calculator

$13,541

Per Month

Monthly Principal & Interest: $12,006
Monthly Property Taxes: $1,534
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 ^$1,757,210

Percent of Sale Price 10%

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
6/18/2026	$1,950,000		Listed Price

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137 Franklin Street, Lynn, MA, 01902 is a Multi-Family Home for sale at $1,950,000 with 7,565 sqft. 137 Franklin Street has 19 bedrooms, 9.0 baths, and was built in 1900. 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 6/22/2026.

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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137 Franklin Street

Multi-Family Home for sale in Lynn, MA

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