For sale

Price cut: $75K (6/27)

$1,875,000

137 Franklin St, Lynn, MA 01902

19beds

7,565sqft

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5+ Family - 5+ Units Up/Down

Built in 1900

-- sqft lot

$-- Zestimate^®

$248/sqft

$-- HOA

What's special

Three-story buildingUnit renovationsPlumbing upgrades

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.

17 days

203

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 19
Bathrooms: 9
Full bathrooms: 9

Features

Flooring: Vinyl, Varies, Hardwood
Windows: Insulated Windows
Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 7,565
Total interior livable area: 7,565 sqft
Finished area above ground: 7,565

Property

Parking

Parking features: Open
Has uncovered spaces: Yes

Lot

Features: Corner Lot, Level

Details

Foundation area: 999
Parcel number: 2003838
Zoning: B

Construction

Type & style

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

Materials

Frame
Foundation: Stone
Roof: Rubber

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Range

Community & HOA

Location

Region: Lynn

Financial & listing details

Price per square foot: $248/sqft
Tax assessed value: $1,777,300
Annual tax amount: $18,413
Date on market: 6/18/2026
Total actual rent: 20175

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/27/2026	Price change	$1,875,000-3.8%$248/sqft
Source: MLS PIN #73538118 Report a problem
6/18/2026	Listed for sale	$1,950,000$258/sqft
Source: MLS PIN #73538118 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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