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You are here:
Home Massachusetts Lynn Multi-Family Homes for Sale

108 Franklin St Lynn, MA 01902

30 Days on Boston Pads
15 Photos
$7,500,000
30 Unit
55 Beds
30 Baths
23316 SQFT
0.50 Acre
108 Franklin St
Lynn, MA 01902

Property Description

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

Building Information

  • Total Units: 30
  • Total Floors: 3
  • Total Bedrooms: 55
  • Total Full Baths: 30
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court

Financial

  • APOD Available: Yes
  • Gross Operating Income: 695700
  • Gross Expenses: 241645
  • Net Operating Income: 454055

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1960
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73451577
  • Last Updated: 11/09/25

Date Event Price Price/Sq Ft Source
11/09/2025Active$7,500,000$322MLSPIN
11/05/2025New$7,500,000$322MLSPIN
04/19/2023Sold$6,350,000$304MLSPIN
03/24/2023Under Agreement$6,500,000$311MLSPIN
03/22/2023Contingent$6,500,000$311MLSPIN
03/21/2023New$6,500,000$311MLSPIN

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View Breakdown

Map & Resources

Fecteau-Leary Junior/Senior High School

Public Secondary School, Grades: 6-12

0.2mi

Cobbet Elementary School

Grades: 1-6

0.2mi

Cobbet Elementary School

Public Elementary School, Grades: K-5

0.2mi

Fecteau- Leary Junior/Senior High School

Grades: 9-12

0.24mi

Washington Elementary School

Public Elementary School, Grades: PK-5

0.41mi

KIPP Academy Lynn Charter School

Charter School, Grades: K-12

0.41mi

St. Mary's High School

Private School, Grades: 7-12

0.43mi

La Shingada

Bar

0.14mi

Primo Pizza and Roast Beef

Pizza & Sandwich Restaurant

0.23mi

Town House of Pizza

Pizzeria

0.33mi

R.F. O'Sullivan's

Restaurant

0.42mi

Lynn Fire Department

Fire Station

0.47mi

Lynn Fire Department

Fire Station

0.55mi

Pine Hill Station

Fire Station

0.61mi

Lynn Police Department

Local Police

0.45mi

BayRidge Hospital

Hospital

0.28mi

Lynn Veteran's Memorial Auditorium

Arts Centre

0.35mi

Ames Street Playground

Park

0.14mi

Lynn Common

Municipal Park

0.24mi

Northern Ave. Playground

Municipal Park

0.36mi

Warren St. Playground

Municipal Park

0.39mi

Henry Avenue Playground

Park

0.42mi

Filenes Playground

Playground

0.26mi

Metro Credit Union

Bank

0.2mi

J & S Transport

Gas Station

0.26mi

Nadia's Hair Salon

Hairdresser

0.14mi

Hair After

Hairdresser

0.24mi

Aldo's Salon & Tanning

Hairdresser

0.34mi

Lynn Public Library

Library

0.27mi

Stop & Shop

Supermarket

0.16mi

Sunshine Market

Convenience

0.19mi

One Stop Mart

Convenience

0.32mi

Salinas Market

Convenience

0.36mi

Richdale Convenience Store

Convenience

0.37mi

Richdale

Convenience

0.38mi

Gomez Market

Convenience

0.38mi

Franklin St @ Lyman St

429

0.03mi

Franklin St @ Albany St

429

0.04mi

Franklin St @ Baker St

429

0.05mi

Franklin St @ Laighton St

429

0.06mi

Western Ave @ Franklin St

424
450

0.11mi

Franklin St @ Western Ave

429

0.11mi

Western Ave @ Franklin St

424
450

0.12mi

Western Ave @ Brimblecom St

424
450

0.13mi

Seller's Representative: Stephen Girolamo, Horvath & Tremblay
MLS ID#: 73451577

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-09 04:05:00