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INVESTMENT SNAPSHOT
About this property
Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300
Property details
| Units | 8 |
| Living area | 7,072 sqft |
| Lot size | 7,479 sqft |
| Year built | 1988 |
| Price / sqft | $282 |
| County | Essex |
| MLS # | 73502739 |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 138 Franklin, Lynn MA 01902 have?
It is a 8-unit multi-family property with 7,072 sqft of living area, built in 1988.
What is the price per unit?
At a list price of $1,975,000 across 8 units, that works out to roughly $246,875 per unit.
What is the price per square foot?
At $1,975,000 for 7,072 sqft, that's about $282 per square foot.
Where is this property located?
138 Franklin, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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