108 Franklin StreetLynn, MA 01902MLS Number 73504665

  • Price: $7,200,000
  • Est. Mortgage of $/month
  • 70 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jun 25, 2026
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108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902108 Franklin Street Lynn MA 01902
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  • 55Bedrooms
  • 0.5Acreage
  • 30Bathrooms
  • 1960Year Built

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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
Listed by Stephen Girolamo of Horvath & Tremblay

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More Info

Basic Information

  • Gross Income $711,011
  • Mls StatusActive
  • Parcel Number 2005591
  • Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)

Location

  • Address108 Franklin Street
  • Building Number108
  • CountyEssex
  • StateMA
  • StreetFranklin Street
  • TownLynn
  • Zip01902

Property Information

  • Building Area Source Public Records
  • Living Area 23,316
  • Lot Size Square Feet 21,780
  • Lot Size Units Acres
  • Square Feet23,316

Tax Information

  • Tax Assessed Value $5,854,600
  • Tax Year 2026
  • Taxes$60,302

Rooms

  • Bathroom30
  • Bathrooms Total Decimal 30
  • Bedrooms55
  • Full Bath30

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Levels 5
  • Rooms99
  • Stories5
  • Units30
  • Year Built1960
  • Year Built Details Approximate
  • Year Built Source Public Records

Legal

  • ZoningR3

Other

  • Date Listed04/21/2026
  • Farm Land Area Units Square Feet
  • View Count3

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces32

Basic Information

  • List Price$7,200,000
  • MLS Number73504665
  • Modification Date04/25/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.5

Exterior

  • RoofShingle

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
  • Other AmenitiesGolf, Tennis
Egan Realty Group

Your Local Office

More Info »
Egan Realty Group
Office: 781.447.2222
Whitman, MA 02882

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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