136 Franklin St

14,637 Sq. Ft.
$277 / Sq. Ft.
14,637
Sq. Ft.
$277
per Sq. Ft.

Description

7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and...7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
  1. Listed by Sara Pouladian • North Shore Realty Advisors
  2. Listed by Dan Pouladian • North Shore Realty Advisors

Property Details for 136 Franklin Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Open Parking Spaces
7.00
Parking Spaces Total
7
LISTING UPDATED: 03/06/2026 03:07 AM

Property Details for 136 Franklin Street

StatusActive
MLS #73481300
Days on Market20
Taxes$35,484 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1988
CountyEssex County

Location

Listing Courtesy of North Shore Realty Advisors, Sara Pouladian; North Shore Realty Advisors, Dan Pouladian
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Building Information for 136 Franklin Street

Stories3Residences17Year Built1988Building Size-Lot Size0.24 AC / 10,302 SF

Payment Calculator

$22,612 per month

30 year fixed, 6.11% Interest

Principal and Interest

$19,655

Property Taxes

$2,957

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 136 Franklin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Living Area: 14637.0
  • SqFt with Basement: No
  • Total Units: 17
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 17.0
  • Num of Full Baths: 17
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 17.00
  • Bathrooms Total Integer: 17
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, On Street Permit
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, On Street Permit
  • Parking Features: Off-Street, On Street Permit
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Assessments: $9,999
  • Book: 40653
  • Tax Year: 2025
  • Zoning: B
Building / Association Information
Living Characteristics
  • Beds Total: 33
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter, Stone
  • Foundation Area: 9999.0
  • Levels: 3
Income / Expenses
  • GOI: $447,780.00
  • GRE: $120,618
  • NOI: $304,773.00
  • Operating Expense: $120,618.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 3
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,999.00

Property History for 136 Franklin Street

DateEvent & SourcePriceAppreciation
Mar 2, 2026

Listed (Active)

MLS PIN #73481300

$4,050,000
DateEvent & SourcePrice
03/02/2026

Listed (Active)

MLS PIN #73481300

$4,050,000

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

Schools near 136 Franklin Street

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

William R Fallon Elementary School
PublicK 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.

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136 Franklin Street is a multi-family home for sale in Lynn, MA 01902. This property was listed for sale on March 2, 2026 by North Shore Realty Advisors, it's currently listed at $4,050,000. This listing's school district is Lynn School District. Nearby schools include Cobbet Elementary School, William R Fallon Elementary School and Breed Middle School. 136 Franklin Street is a 33-bed, 17-bath, 14,637 sqft multi-family home built in 1988.

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 North Shore Realty Advisors, Sara Pouladian; North Shore Realty Advisors, Dan Pouladian

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.