Sold for $1,995,000

$1,995,000

138 Franklin St, Lynn, MA 01902

14beds

7,072sqft

5-9 Family

Built in 1988

-- sqft lot

$-- Zestimate^®

$282/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$10,063/mo

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What's special

Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 8
Full bathrooms: 8

Features

Flooring: Wood, Tile, Vinyl
Windows: Insulated Windows
Basement: Full,Partially Finished,Concrete
Has fireplace: No

Interior area

Total structure area: 7,072
Total interior livable area: 7,072 sqft
Finished area above ground: 7,072

Property

Parking

Total spaces: 8
Parking features: Paved Drive, Off Street, Assigned
Uncovered spaces: 8

Lot

Size: 7,479 sqft
Features: Easements, Level

Details

Foundation area: 2336
Zoning: B

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Concrete Perimeter
Roof: Rubber

Condition

Year built: 1988

Utilities & green energy

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

Green energy

Energy efficient items: Varies per Unit

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University

Location

Region: Lynn

HOA & financial

Other financial information

Total actual rent: 17405

Price history

Date	Event	Price
6/12/2026	Sold	$1,995,000+1%$282/sqft
Source: MLS PIN #73502739 Report a problem
6/3/2026	Pending sale	$1,975,000$279/sqft
Source: MLS PIN #73502739 Report a problem
4/16/2026	Listed for sale	$1,975,000$279/sqft
Source: MLS PIN #73502739 Report a problem