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108 Franklin St 108 Franklin St 30 Unit Apartment Building $7,500,000 ($250,000/Unit) 6.01% Cap Rate Lynn, MA 01902

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • Value-Add Potential
  • Strong Rental Demographics & Demands
  • Area Amenities & Demand Drivers
  • Off-Street Parking & Amenities
  • Quality of Life Amenities

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 108 Franklin Street in Lynn, MA (the “Property”). The three-story building 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 with 23,316 square feet of gross living area and 27,972 square feet of gross area. 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 strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. The property benefits from proximity to major thoroughfares including Route 1A, Route 107, and Interstate 95, providing efficient regional access to Boston, Salem, and surrounding communities. Its walkable location near Lynn’s Central Square MBTA commuter rail station, retail amenities, and waterfront recreation enhance both livability and tenant appeal.

PROPERTY FACTS

Price $7,500,000
Price Per Unit $250,000
Sale Type Investment
Cap Rate 6.01%
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.50 AC
Building Size 27,972 SF
No. Stories 3
Year Built 1960
Opportunity Zone Yes
Zoning R4

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 30 - -
Walk Score®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LYNN-000054-000719-000011
Land Assessment
$2,460,000
Improvements Assessment
$3,277,800
Total Assessment
$5,737,800
  • Listing ID: 38335800

  • Date on Market: 11/5/2025

  • Last Updated:

  • Address: 108 Franklin St, Lynn, MA 01902

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