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$7,500,000
3 Days On Site

108 Franklin St
Lynn, MA 01902

For Sale|Multi Family|Active
55
Beds
30
Total Baths
30
Full Baths
23,316
SqFt
$322
/SqFt
1960
Built
County:
Essex

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108 Franklin St108 Franklin St108 Franklin St108 Franklin St
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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 market.

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Listing Snapshot
Price 
$7,500,000
Days On Site 
3 Days
Bedrooms 
55
Inside Area (SqFt) 
23,316 sqft
Total Baths 
30
Full Baths 
30
Partial Baths 
N/A
Lot Size 
0.5 Acres
Year Built 
1960
MLS® Number 
73451577
Status 
Active
Property Tax 
$59,444
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Acres 
0.5
Foundation 
Other
Number Of Stories 
3
Parking 
Off Street
Parking Spaces 
32
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
23316
SqFt Total 
23316
Water Source 
Public
Zoning 
R4
Interior Features
Appliances 
Gas Water Heater
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Exterior Features
Lot Features 
Other
Roof 
Shingle
Community Features
Community Features 
PoolTennis Court(s)ParkGolf
Listing courtesy of Stephen Girolamo of Horvath & Tremblay



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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.

Last checked 2025-11-09 12:10 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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