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$7,200,000

Active

108 Franklin St

Lynn, MA, 01902

Multi-Family · MLS #73504665

Price/sqft

$309

Days on market

New today

Year built

1960

Lot size

0.50 ac

23,316 sq ft

Sq Ft

0.50 acres

Lot

1960

Year Built

Taxes: $60,302 (2026)

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

Property details

Electric
Individually Metered

Listed by Stephen Girolamo · Horvath & Tremblay

Schedule a showing

108 Franklin St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$44,432 / month

Down payment20% · $1,440,000
Interest rate6.50%

Loan term

Principal & interest
$36,407
Property tax
$5,025
Home insurance
$3,000

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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