MLS #73481300 image #0
Open House Mar 10, 2026
11:00 – 01:00
7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
Current real estate data for Multi Family in Lynn as of Mar 09, 2026
38
Multi Family Listed
179
Avg DOM
322
Avg $ / SqFt
$1,104,641
Avg List Price

Property Details

Price:
$4,050,000
MLS #:
73481300
Status:
Active
Beds:
33
Baths:
17
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Mar 2, 2026
Finished Sq Ft:
14,637
Total Sq Ft:
14,637
Lot Size:
10,302 sqft / 0.24 acres (approx)
Year Built:
1988
Units:
17

Schools

Interior

Bathrooms
17 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping
Parking Features
Paved Drive, Off Street, On Street
Parking Spots
7

Financial

Net Operating Income
$304,773
Tax Year
2025
Taxes
$35,484

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Property Summary

    136-141A Franklin St Lynn MA is a Multi Family for sale in Lynn, MA, 01902. It is listed for $4,050,000 To schedule a showing of MLS#73481300 at 136-141A 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 James
136-141A Franklin St
Lynn, MA