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137 Franklin Street, Lynn MA 01902 - Preview 1 137 Franklin Street, Lynn MA 01902 - Preview 2 137 Franklin Street, Lynn MA 01902 - Preview 3 137 Franklin Street, Lynn MA 01902 - Preview 4 137 Franklin Street, Lynn MA 01902 - Preview 5 137 Franklin Street, Lynn MA 01902 - Preview 6 137 Franklin Street, Lynn MA 01902 - Preview 7 137 Franklin Street, Lynn MA 01902 - Preview 8 137 Franklin Street, Lynn MA 01902 - Preview 9 137 Franklin Street, Lynn MA 01902 - Preview 10 137 Franklin Street, Lynn MA 01902 - Preview 11
137 Franklin Street, Lynn MA 01902 - Preview 1 137 Franklin Street, Lynn MA 01902 - Preview 2 137 Franklin Street, Lynn MA 01902 - Preview 3 137 Franklin Street, Lynn MA 01902 - Preview 4 137 Franklin Street, Lynn MA 01902 - Preview 5 137 Franklin Street, Lynn MA 01902 - Preview 6 137 Franklin Street, Lynn MA 01902 - Preview 7 137 Franklin Street, Lynn MA 01902 - Preview 8 137 Franklin Street, Lynn MA 01902 - Preview 9 137 Franklin Street, Lynn MA 01902 - Preview 10 137 Franklin Street, Lynn MA 01902 - Preview 11

137 Franklin Street, Lynn MA 01902

Lynn, MA 01902
$1,950,000
Est. $11,595/month
19
Beds
9
Baths
7,565
Sq Ft
$258
Price/Sq Ft
0.00
Acres
1900
Year Built
5+ Family - 5+ Units Up/Down
Type
4 hours 37 minutes
Time on Market
Active Listed Jun 18, 2026 • MLS# 73538118 Copied!

About this home

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.

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Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
19
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 0.0000
Bedrooms 19
Full Baths 9
Total Rooms 34

Interior

Heating None
Cooling None
Flooring Vinyl, Varies, Hardwood
Appliances None
Fireplace None
Basement Full, Unfinished
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
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: Vinyl, Varies, Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full, Unfinished
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, Level
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

137 Franklin Street, Lynn MA 01902

Lynn, MA 01902

Walkability

Loading Walk Score...

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

3 schools
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
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
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
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

3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
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
St. Mary's High School
0.5 mi
Grades 07-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

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

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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
Jun 18, 2026
$1,950,000
Original listing
Agent: Dan Pouladian Office: North Shore Realty Advisors

Price & Status History

Date Event Price Change
Jun 18, 2026 New Listing Added $1,950,000 —

Market Statistics

Time on Market
4 hours 37 minutes
Price per Sq Ft
$258

Tax History

Year Taxes Assessment
2026 $18,413 $1,777,300

Financial Details

Annual Property Tax
$18,413
Tax Year 2026
Assessed Value
$1,777,300

Listing Information

Listing Agent Dan Pouladian
Listing Office North Shore Realty Advisors
Agent MLS ID NB115212
Office MLS ID AN7007
Listing Data Updated Jun 18, 2026 8:57 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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