
139 Franklin Street
Great oversized 9-unit | 8.5% Cap Rate | Strong Returns | Separate Utilities
Marketing description
North Shore Realty Advisors Inc. is proud to exclusively present 139 Franklin Street, a 9-unit multifamily investment opportunity in the heart of Downtown Lynn. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area.
The asset features a highly desirable and balanced unit mix consisting of eight (8) two-bedroom units and one (1) three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
Ideally located just moments from Downtown Lynn’s commercial core and waterfront, the properties offer residents immediate access to a wide array of retail, dining, and everyday amenities. The nearby Lynn MBTA Station provides direct commuter rail service into Boston, while Routes 1A, 129, and the Lynnway ensure seamless connectivity throughout the North Shore. Continued public and private investment, including ongoing mixed-use and downtown revitalization initiatives, further supports strong rental demand and long-term appreciation potential.
Investment highlights
- 8.5% CAP GOING IN
- 9 UNITS
- Eight 2 beds
- One 3 bed
- Electric baseboard heat paid by tenant
- Great cash flow
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