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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



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 | Building Class | B |
| Price Per Unit | $250,000 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 27,972 SF |
| Cap Rate | 6.01% | No. Stories | 3 |
| No. Units | 30 | Year Built | 1960 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| 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 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | LYNN-000054-000719-000011 | Improvements Assessment | $3,277,800 |
| Land Assessment | $2,460,000 | Total Assessment | $5,737,800 |
PROPERTY TAXES
Parcel Number
LYNN-000054-000719-000011
Land Assessment
$2,460,000
Improvements Assessment
$3,277,800
Total Assessment
$5,737,800
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108 Franklin St | 108 Franklin St
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