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33726259
33726264

139 Franklin Street, Lynn, MA 01902 For Sale

DP
MA MA 423847
North Shore Realty Advisors
Listed by North Shore Realty Advisors
$1,875,000
78 days on market
Updated 21 days ago

139 Franklin Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 10,262
Net Rentable (SqFt) 7,565
Cap Rate 8.84%
NOI $165,721
Occupancy 95%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Pro-Forma Cap Rate 9.33%
Pro-Forma NOI $175,000
Price per SqFt $183
Class C
Year Built 1900
Year Renovated 2022, 2023, 2024, 2025
Buildings 1
Stories 3
Lot Size (SqFt) 2,823
Zoning B
Investment Type Core+
Ground Lease No

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

Listing Contacts

DP
MA MA 423847
North Shore Realty Advisors
Listed by North Shore Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$165,721.00
$13,810.08/mo

Valuation Metrics

0
DSCR
8.84%
Cap Rate
8.84%
ROI

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Additional Information

Name
Dan Pouladian
License
MA 423847
Brokerage
North Shore Realty Advisors, In.
Brokerage Phone
6175487737
Brokerage Address
23 Ida Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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