108 Franklin St

$7,500,000
Price
23,316 Sq. Ft.
$322 / Sq. Ft.
23,316
Sq. Ft.
$322
per Sq. Ft.

Description

108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity,...108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
  1. Listed by Stephen Girolamo • Horvath & Tremblay

Property Details for 108 Franklin Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
32.00
Parking Spaces Total
32
LISTING UPDATED: 11/09/2025 04:05 AM

Property Details for 108 Franklin Street

StatusActive
MLS #73451577
Days on Market62
Taxes$59,444 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1960
CountyEssex County

Location

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo
Add your commute

Building Information for 108 Franklin Street

Stories3Residences30Year Built1960Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$41,507 per month

30 year fixed, 6.15% Interest

Principal and Interest

$36,554

Property Taxes

$4,954

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 108 Franklin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Living Area: 23316.0
  • SqFt with Basement: No
  • Total Units: 30
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 30.0
  • Num of Full Baths: 30
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 30.00
  • Bathrooms Total Integer: 30
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Other
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Total Monthly Rent is $57,525 - $32,767 is the maximum input allowed by MLS.
Tax Information
  • Tax ID: 2005591
  • Assessments: $5,737,800
  • Book: 41526
  • Tax Year: 25
  • Zoning: R4
Building / Association Information
Living Characteristics
  • Beds Total: 55
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Other
  • Levels: 3
Income / Expenses
  • GOI: $695,700.00
  • GRE: $241,645
  • NOI: $454,055.00
  • Operating Expense: $241,645.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $32,767.00

Property History for 108 Franklin Street

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Listed (Active)

MLS PIN #73451577

$7,500,000
Feb 16, 1993

Sold (Public Record)

Public Record #87110227

$850,000
DateEvent & SourcePrice
11/05/2025

Listed (Active)

MLS PIN #73451577

$7,500,000
02/16/1993

Sold (Public Record)

Public Record #87110227

$850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 108 Franklin Street

Taxable ValueLand$2,460,000Additions$3,277,800Total$5,737,800
Tax Record2025$59,444 ($4,954 / month)
Home Facts
Baths30Total Finished SqFt30,276 SqFtAbove Grade Finished SqFt23,316 SqFtFinished Basement SqFt6,960 SqFtStories2Lot Size21,610 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR4CountyESSEXAPNLYNN M:054 B:719 L:011

Schools near 108 Franklin Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Cobbet Elementary School
PublicK to 5

William R Fallon Elementary School
Public1 to 5

Breed Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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108 Franklin Street is a multi-family home for sale in Lynn, MA 01902. This property was listed for sale on November 5, 2025 by Horvath & Tremblay, it's currently listed at $7,500,000. It has been on the market for a total of 62 days and was last sold on February 16, 1993. This listing's school district is Lynn School District. Nearby schools include Cobbet Elementary School, William R Fallon Elementary School and Breed Middle School. 108 Franklin Street is a 55-bed, 30-bath, 23,316 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.