108 Franklin St, Lynn, MA 01902
108 Franklin St, Lynn, MA 01902
108 Franklin St, Lynn, MA 01902
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Sherry Stallings

Sherry Stallings

+1(978) 660-3039
$7,200,000
Est. payment /mo
55 Beds
30 Baths
23,316 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 23,316 sqft

Price per Sqft $308

MLS Listing ID 73504665

Bedrooms 55

Full Baths 30

Year Built 1960

Annual Tax Amount $60,302

Tax Year 2026

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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

Location

State MA

County Essex

Zoning R3

Direction Please Use GPS.

Exterior

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station

Roof Type Shingle

Total Parking Spaces 32

Garage No

Building

Story 5

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay

Nearby Locations

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Sherry Stallings

Sherry Stallings

+1(978) 660-3039

Broker Associate | License ID: 9572159

Broker Associate License ID: 9572159

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