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INVESTMENT SNAPSHOT
About this property
Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.
Property details
| Units | 9 |
| Living area | 7,565 sqft |
| Lot size | 0 sqft |
| Year built | 1900 |
| Price / sqft | $254 |
| County | Essex |
| MLS # | 73538118 |
Location
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Listing courtesy of a MLS PIN member office. 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 137 Franklin Street, Lynn MA 01902 have?
It is a 9-unit multi-family property with 7,565 sqft of living area, built in 1900.
What is the price per unit?
At a list price of $1,875,000 across 9 units, that works out to roughly $208,333 per unit.
What is the price per square foot?
At $1,875,000 for 7,565 sqft, that's about $254 per square foot.
Where is this property located?
137 Franklin Street, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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