108 Franklin St
Lynn, MA, 01902
$7,500,000
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.
Current real estate data for Multi Family in Lynn as of Nov 06, 2025
48
Multi Family Listed
130
Avg DOM
299
Avg $ / SqFt
$1,391,621
Avg List Price
Property Details
Price:
$7,500,000
MLS #:
73451577
Status:
Active
Beds:
55
Baths:
30
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Nov 5, 2025
Finished Sq Ft:
23,316
Total Sq Ft:
23,316
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1960
Units:
30
Schools
Interior
Bathrooms
30 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Parking Features
Off Street
Parking Spots
32
Roof
Shingle
Financial
Tax Year
25
Taxes
$59,444
Map
Contact Us
Mortgage Calculator
Community
- Address108 Franklin St Lynn MA
- CityLynn
- CountyEssex
- Zip Code01902
Subdivisions in Lynn
Property Summary
- 108 Franklin St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $7,500,000 To schedule a showing of MLS#73451577 at 108 Franklin St in Lynn, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.
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CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of Horvath & Tremblay. 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.
108 Franklin St
Lynn, MA