For Sale · Multi-Family
108 Franklin St
Lynn, MA 01902
$7,200,000
$309 per sq ft
- 55
- beds
- 30
- baths
- 23,316
- sq ft
Est. payment: $41,582/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 21,780
- Year Built
- 1960
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2026)
- $60,302
- Assessed value
- $5,854,600
- Days on Market
- 128
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 mar
Facts & features
Interior
- Total rooms
- 99
Systems & utilities
- Water
- Public
- Sewer
- Public Sewer
- Electric
- Individually Metered
Exterior & parking
- Parking
- Paved Drive, Off Street
- Total parking
- 32
Construction
- Foundation
- Other
- Roof
- Shingle
- Year built
- 1960
Flood risk
Location
Courtesy of Horvath & Tremblay
MLS #: 73504665 · Updated: August 27, 2026
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