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.
Pending
Price cut: $75K (6/27)
$1,875,000
137 Franklin St, Lynn, MA 01902
19beds
7,565sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$248/sqft
$-- HOA
What's special
Three-story buildingUnit renovationsPlumbing upgrades
- 74 days
- 17
- 0
Zillow last checked:
Listing updated:
Listed by:
Dan Pouladian 617-548-7737,
North Shore Realty Advisors 617-548-7737
Source: MLS PIN,MLS#: 73538118
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: 6/19/2026
- Total actual rent: 20175
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Pending sale | $1,875,000$248/sqft |
Source: MLS PIN #73538118 Report a problem | ||
| 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
Payment breakdown
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Neighborhood: 01902
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