Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.
| MLS Listing ID: | 73502738 |
|---|---|
| Listing Price: | $2,075,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 16 |
| Full Baths: | 9 |
| Living Space: | 7565 sf. |
| Lot Size: | 0.06 acres (2823 sf.) |
| Parking: | - |
| Taxes: | $18,413.00 |
| Tax Year: | 2025 |
Listing Current as of April 17, 2026 12:00am
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