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.
- Basement:
- Full
- Parking:
- Off Street, Paved Drive, On Street
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Certified Treated
- Market Time:
- 4
- Parking Spaces:
- 7
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $277
- Zoning:
- B
- No Units:
- 17
- Orig Price:
- $4,050,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 2' 30.6''
- Latitude:
- N42° 28' 5.3''
Residential Income
136-141A Franklin St, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $4,050,000
- Bedrooms :
- 33
- Rooms :
- 67
- Total Bathrooms :
- 17
- Full Bathrooms :
- 17
- Square Footage :
- 14,637 Sqft
- Year Built :
- 1988
- Lot Area :
- 0.24 Acre
- Listing ID :
- 73481300
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com