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$2,075,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Units
  • 16 Total Beds
  • 0.06 Acres
  • Updated 5 hours ago
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Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.

Full Property Details for 137 Franklin St

General

  • Price: $2,075,000
  • Taxes: $18,413 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73502738
  • Updated: Today (4/16/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 9

Bedrooms

  • Total Bedrooms: 16

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 3
  • Square Feet: 7,565
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.06

Financial Considerations

  • Tax Amount: $18,413
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Has 9 lead certificates
  • Property ID: M:054 B:650 L:022, 2003838

Listed by North Shore Realty Advisors, Sara Pouladian and Dan Pouladian

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Listing agents

— 137 Franklin St —

  • Sara Pouladian

    North Shore Realty Advisors

  • Dan Pouladian

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 137 Franklin St

School District:Lynn School District
NameGradesDistance
Cobbet Elementary School
40 Franklin Street, Lynn, MA 01902
K-50.3 mi
William R Fallon Elementary School
100 Robinson Street, Lynn, MA 01905
K-60.7 mi
Fecteau-Leary Junior/Senior High School
33 North Common Street, Lynn, MA 01902
7-120.3 mi
Pickering Middle School
70 Conomo Avenue, Lynn, MA 01904
6-81.3 mi
Classical High School, Lynn, MA
235 O'Callaghan Way, Lynn, MA 01905
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 137 Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/16/2026
Listed
$2,075,000
36.07%
MLS
3/26/2021
Sold
$1,525,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 137 Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,413
-2%
$1,777,300
—
2024
$18,714
11%
$1,777,200
17%
2023
$16,896
20%
$1,515,300
34%
2022
$14,074
11%
$1,132,300
16%
2021
$12,725
1%
$976,600
4%
2020
$12,588
10%
$939,400
18%
2019
$11,426
11%
$799,000
17%
2018
$10,340
3%
$682,500
6%
2017
$10,029
12%
$642,900
16%
2016
$8,935
3%
$552,200
7%
2015
$8,633
10%
$515,400
13%
2014
$7,842
—
$457,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 137 Franklin St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by North Shore Realty Advisors, Sara Pouladian and Dan Pouladian

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137 Franklin St, Lynn, MA 01902 (MLS# 73502738) is a Multi-Family property with 9 units containing 16 bedrooms and 9 full bathrooms. 137 Franklin St is currently listed for $2,075,000 and was received on April 16, 2026. Want to learn more about 137 Franklin St? Do you have questions about finding other Multi-Family real estate for sale in Lynn Common? You can browse all Lynn Common real estate or contact a Coldwell Banker agent to request more information.

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