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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 9 |
| Living area | 7,565 sqft |
| Lot size | 2,823 sqft |
| Year built | 1900 |
| Price / sqft | $268 |
| County | Essex |
| MLS # | 73502738 |
Listing status
| Days on market | 33 days |
| Listed on | April 16, 2026 |
Taxes & financials
| Annual property tax | $18,413 |
| Tax year | 2025 |
| Assessed value | $1,777,300 |
| Zoning | B |
| Gross income (actual) | $242,100/yr |
| Net operating income (actual) | $165,721/yr |
| Total actual rent | $20,175/mo |
| Electric expense | $569/yr |
| Insurance expense | $8,400/yr |
Building & lot
| Stories | 3 |
| Total rooms | 34 |
| Lot size | 0.06 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Stone |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Tile, Vinyl, Varies, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range |
Location
More about investing in Lynn →
Listing courtesy of North Shore Realty Advisors — Sara Pouladian. 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 139 Franklin St, Lynn MA 01902 have?
It is a 9-unit multi-family property with 7,565 sqft of living area, built in 1900.
How long has 139 Franklin St, Lynn MA 01902 been on the market?
139 Franklin St, Lynn MA 01902 has been listed for 33 days (since April 16, 2026).
What is the estimated cap rate on this 9-family in Lynn?
Based on area median rents, the estimated cap rate is about 8.0%, 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 $2,025,000 across 9 units, that works out to roughly $225,000 per unit.
What are the property taxes on 139 Franklin St, Lynn MA 01902?
Annual property taxes are $18,413 (2025), on an assessed value of $1,777,300.
What is the price per square foot?
At $2,025,000 for 7,565 sqft, that's about $268 per square foot.
Where is this property located?
139 Franklin St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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