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$ 4,050,000
Est. payment /mo
Pending
136-141A Franklin St Lynn, MA 01902
33 Beds
17 Baths
14,637 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 14,637 sqft
Price per Sqft $276
MLS Listing ID 73481300
Bedrooms 33
Full Baths 17
Year Built 1988
Annual Tax Amount $35,484
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property 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 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.
Location
State MA
County Essex
Zoning B
Direction Western to Franklin
Rooms
Basement Full
Exterior
Community Features Public Transportation, Shopping
Total Parking Spaces 7
Garage No
Building
Story 3
Foundation Concrete Perimeter, Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by North Shore Realty Advisors