For sale

$7,200,000

108 Franklin St, Lynn, MA 01902

55beds

23,316sqft

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5+ Family - 5+ Units Up/Down

Built in 1960

-- sqft lot

$-- Zestimate^®

$309/sqft

$-- HOA

What's special

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 mar

75 days

137

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 55
Bathrooms: 30
Full bathrooms: 30

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 23,316
Total interior livable area: 23,316 sqft
Finished area above ground: 23,316

Property

Parking

Total spaces: 32
Parking features: Paved Drive, Off Street
Uncovered spaces: 32

Lot

Size: 0.5 Acres

Details

Parcel number: 2005591
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Foundation: Other
Roof: Shingle

Condition

Year built: 1960

Utilities & green energy

Electric: Individually Metered
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station

Location

Region: Lynn

Financial & listing details

Price per square foot: $309/sqft
Tax assessed value: $5,854,600
Annual tax amount: $60,302
Date on market: 4/21/2026
Total actual rent: 32767

Estimated market value

Not available

Estimated sales range

Not available

$1,661/mo

Price history

Date	Event	Price
4/21/2026	Listed for sale	$7,200,000-4%$309/sqft
Source: MLS PIN #73504665 Report a problem
2/15/2026	Listing removed	$7,500,000$322/sqft
Source: MLS PIN #73451577 Report a problem
11/5/2025	Listed for sale	$7,500,000$322/sqft
Source: MLS PIN #73451577 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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