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INVESTMENT SNAPSHOT
About this property
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 mar
Property details
| Units | 30 |
| Living area | 23,316 sqft |
| Lot size | 21,780 sqft |
| Year built | 1960 |
| Price / sqft | $309 |
| County | Essex |
| MLS # | 73504665 |
Listing status
| Days on market | 4 days |
| Listed on | April 21, 2026 |
Taxes & financials
| Annual property tax | $60,302 |
| Tax year | 2026 |
| Assessed value | $5,854,600 |
| Zoning | R3 |
| Gross income (actual) | $711,011/yr |
| Net operating income (actual) | $467,015/yr |
| Total actual rent | $32,767/mo |
Building & lot
| Stories | 5 |
| Total rooms | 99 |
| Lot size | 0.5 acres |
| Garage spaces | 0 |
| Parking spaces | 32 |
| Parking | Paved Drive, Off Street |
| Foundation | Other |
| Roof | Shingle |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Horvath & Tremblay — Stephen Girolamo. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 108 Franklin St, Lynn MA 01902 have?
It is a 30-unit multi-family property with 23,316 sqft of living area, built in 1960.
How long has 108 Franklin St, Lynn MA 01902 been on the market?
108 Franklin St, Lynn MA 01902 has been listed for 4 days (since April 21, 2026).
What is the estimated cap rate on this 30-family in Lynn?
Based on area median rents, the estimated cap rate is about 7.5%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $7,200,000 across 30 units, that works out to roughly $240,000 per unit.
What are the property taxes on 108 Franklin St, Lynn MA 01902?
Annual property taxes are $60,302 (2026), on an assessed value of $5,854,600.
What is the price per square foot?
At $7,200,000 for 23,316 sqft, that's about $309 per square foot.
Is there parking?
32 total parking spaces (paved drive, off street).
Where is this property located?
108 Franklin St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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