31 Franklin Street contains eighteen 1-Bedroom/1-Bathroom units. The well-maintained Property features an on-site laundry facility, storage units and eighteen on-site parking spaces. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply constrained residential market. The Property is well-located along Franklin Street and is 0.1-miles from Market Street and 0.3-miles from Western Avenue. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, North Shore Community College, and Lynn Beach.
Sold for $3,525,000
$3,525,000
31 Franklin St, Lynn, MA 01902
18beds
11,316sqft
5+ Family - 5+ Units Side by Side
Built in 1970
-- sqft lot
$-- Zestimate®
$312/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Dennis Kelleher 781-776-4002,
Horvath & Tremblay 781-776-4000
Bought with:
Stephen Girolamo
Horvath & Tremblay
Source: MLS PIN,MLS#: 73247670
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 18
- Full bathrooms: 18
Appliances
- Included: Washer, Dryer
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 11,316
- Total interior livable area: 11,316 sqft
Property
Parking
- Total spaces: 18
- Parking features: Off Street
- Uncovered spaces: 18
Lot
- Size: 0.27 Acres
- Features: Other
Details
- Parcel number: 2003625
- Zoning: BD3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Foundation: Block
- Roof: Rubber
Condition
- Year built: 1970
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Location
- Region: Lynn
HOA & financial
Other financial information
- Total actual rent: 25245
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2024 | Sold | $3,525,000-7.2%$312/sqft |
Source: MLS PIN #73247670 Report a problem | ||
| 6/19/2024 | Contingent | $3,800,000$336/sqft |
Source: MLS PIN #73247670 Report a problem | ||
| 6/5/2024 | Listed for sale | $3,800,000$336/sqft |
Source: MLS PIN #73247670 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01902
Nearby schools
GreatSchools rating
- 3/10Cobbet Elementary SchoolGrades: PK-5Distance: 0 mi
- 1/10Fecteau-Leary Junior/Senior High SchoolGrades: 6-12Distance: 0.1 mi
- 6/10William R Fallon Elementary SchoolGrades: K-5Distance: 0.9 mi
- Massachusetts
- Essex County
- Lynn
- 01902
- 31 Franklin St
Nearby cities
Nearby zip codes
Other Lynn Topics
