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137 Franklin St, Lynn MA 01902

Lynn, MA 01902
$2,075,000
Est. $12,227/month
16
Beds
9
Baths
7,565
Sq Ft
$274
Price/Sq Ft
0.06
Acres
1900
Year Built
5+ Family - 5+ Units Up/Down
Type
3 hours 10 minutes
Time on Market
Active Listed Apr 16, 2026 • MLS# 73502738 Copied!

About this home

Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.

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Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
16
Full Bathrooms
9
Living Area
7,565 sq ft
Total Rooms
34
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 7,565 sq ft
Lot Size 0.06 acres
Bedrooms 16
Full Baths 9
Total Rooms 34

Interior

Heating None
Cooling None
Flooring Tile, Vinyl, Varies, Hardwood
Appliances None
Fireplace None
Basement Full
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range

Financial

Annual Tax $18,413
Assessed Value $1,777,300

Interior Features

Flooring: Tile, Vinyl, Varies, Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

137 Franklin St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Nearby Schools

School District
Lynn School District local
D
⚠ School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
↓ 2.0% below state avg
E

Elementary Schools

10 schools
B-
KIPP Academy Lynn Charter School
0.4 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C-
Lynn Vocational Technical Institute
0.6 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
Sacred Heart Elementary School
0.9 mi
Grades PK-08
St. Pius V Elementary School
0.9 mi
Grades PK-08
North Shore Christian School
1.4 mi
Grades PK-08
The Hathaway School
1.6 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
1.8 mi
Grades PK-12
C-
Cobbet Elementary School
0.3 mi | #696 of 824 | Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students Less Diverse
Rising School
Grades PK-05
C
Tracy School
0.5 mi | #630 of 824 | Score: 39.3
Dropped 27 spots from last year
-18.9 below state avg
397 students Less Diverse
Grades K-05
C
Washington Elementary School
0.5 mi | #646 of 824 | Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C+
Pickering Middle School
1.3 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
C-
Thurgood Marshall Middle School
1.4 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
H

High Schools

6 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
Grades 06-12
St. Mary's High School
0.5 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
0.9 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
B-
Harold Durgin Success Academy
0.3 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
D
Lynn English High School
0.9 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
C-
Classical High School
1.4 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,534
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Apr 16, 2026
$2,075,000
Original listing
Agent: Sara Pouladian Office: North Shore Realty Advisors

Price & Status History

Date Event Price Change
Apr 16, 2026 New Listing Added $2,075,000 —

Market Statistics

Time on Market
3 hours 10 minutes
Price per Sq Ft
$274

Tax History

Year Taxes Assessment
2025 $18,413 $1,777,300

Financial Details

Annual Property Tax
$18,413
Tax Year 2025
Assessed Value
$1,777,300

Listing Information

Listing Agent Sara Pouladian
Listing Office North Shore Realty Advisors
Agent MLS ID CN251378
Office MLS ID AN7007
Listing Data Updated Apr 16, 2026 9:23 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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