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137 Franklin Street, Lynn MA 01902

Lynn, MA 01902
$1,950,000
$1,875,000
Est. $11,215/month
19
Beds
9
Baths
7,565
Sq Ft
$248
Price/Sq Ft
0.00
Acres
1900
Year Built
20
Days on Market
Active Price Drop -$75,000 Open House Listed Jun 18, 2026 • MLS# 73538118 Copied! • Updated Jul 1, 2026

Open House Schedule

09
Jul
Thursday, July 9
11:00 AM - 12:00 PM EDT

About this home

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.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
3.8%
Price Range

Property Timeline

Price Reduced
Jun 27, 2026
$1,875,000 $75,000 (-3.85%)
From $1,950,000 to $1,875,000 (-3.9%)
🏠
Listed for Sale
Jun 18, 2026
$1,950,000
Original listing
Agent: Dan Pouladian Office: North Shore Realty Advisors

Tax History

Year Taxes Assessment
2026 $18,413 $1,777,300

Financial Details

Annual Property Tax
$18,413
Tax Year 2026
Assessed Value
$1,777,300

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 7,565 sq ft
Lot Size 0.0000
Bedrooms 19
Full Baths 9
Total Rooms 34

Investment Metrics

Units 9
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,300/mo · Y
Unit 3 Rent $2,500/mo · Y
Total Monthly Rent $7,300/mo
Gross Income $87,600
Net Operating Income $87,600
Cap Rate 4.67%
Heating None
Cooling None
Flooring Vinyl, Varies, Hardwood
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range

Financial

Annual Tax $18,413
Assessed Value $1,777,300
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Green
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 13 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
19
Full Bathrooms
9
Living Area
7,565 sq ft
Total Rooms
34
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Vinyl, Varies, Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
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: Corner Lot, Level
Road Surface:

Parking & Garage

Parking Features:
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

3 schools
C-
Cobbet Elementary School
0.3 mi | #696 of 824 | Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students Less Diverse
Rising School
Grades PK-05
B-
KIPP Academy Lynn Charter School
0.4 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C
Tracy School
0.5 mi | #630 of 824 | Score: 39.3
Dropped 27 spots from last year
-18.9 below state avg
397 students Less Diverse
Grades K-05
M

Middle Schools

2 schools
C+
Pickering Middle School
1.3 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
C-
Thurgood Marshall Middle School
1.4 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
H

High Schools

3 schools
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.3 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
St. Mary's High School
0.5 mi
Grades 07-12
Learn about these ratings

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 $1,534
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.

Location

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Neighborhood

137 Franklin Street, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent Dan Pouladian
Listing Office North Shore Realty Advisors
Office Phone 617-548-7737
Agent MLS ID NB115212
Office MLS ID AN7007
Listing Data Updated Jul 1, 2026 3:09 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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137 Franklin Street, Lynn MA 01902 - Photo 1 137 Franklin Street, Lynn MA 01902 - Photo 2 137 Franklin Street, Lynn MA 01902 - Photo 3 137 Franklin Street, Lynn MA 01902 - Photo 4 137 Franklin Street, Lynn MA 01902 - Photo 5 137 Franklin Street, Lynn MA 01902 - Photo 6 137 Franklin Street, Lynn MA 01902 - Photo 7 137 Franklin Street, Lynn MA 01902 - Photo 8 137 Franklin Street, Lynn MA 01902 - Photo 9 137 Franklin Street, Lynn MA 01902 - Photo 10 137 Franklin Street, Lynn MA 01902 - Photo 11
Steven Novak

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BMN Boston Real Estate

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