108 Franklin St, Lynn MA 01902

Lynn, MA 01902
$7,500,000
Est. $43,078/month
55
Beds
30
Baths
23,316
Sq Ft
$322
Price/Sq Ft
0.50
Acres
1960
Year Built
31
Days on Market
Active Listed Nov 5, 2025 • MLS# 73451577 Copied!

About this home

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 market.

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1960
Bedrooms
55
Full Bathrooms
30
Living Area
23,316 sq ft
Total Rooms
99
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1960
Living Area 23,316 sq ft
Lot Size 0.50 acres
Bedrooms 55
Full Baths 30
Total Rooms 99

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 32

Utilities

Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $59,444
Assessed Value $5,737,800

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1960
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 32
Parking Features: Off Street

Location

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Neighborhood

108 Franklin St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $4,954
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Nov 5, 2025
$7,500,000
Original listing
Agent: Stephen Girolamo Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Nov 5, 2025 New Listing Added $7,500,000

Market Statistics

Days on Market
31 days
Price per Sq Ft
$322

Tax History

Year Taxes Assessment
25 $59,444 $5,737,800

Financial Details

Annual Property Tax
$59,444
Tax Year 25
Assessed Value
$5,737,800

Listing Information

Listing Agent Stephen Girolamo
Listing Office Horvath & Tremblay
Agent MLS ID CN227795
Office MLS ID AN2723
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Lynn, MA

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