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108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
108 Franklin St, Lynn MA 01902
Massachusetts>Lynn>Central Lynn

108 Franklin StLynn, MA 01902

For Sale

$7,500,000

Smart Buyer Rebate $37,500

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.

Listed by Stephen Girolamo

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Horvath & Tremblay

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978-406-1789

Last updated November 09, 2025

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Source: MLSPin #73451577

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Lynn
  • Bedrooms55
  • Bathrooms30
  • Days on Prevu14
  • Taxes$59,444/year
  • Size23,316 sqft
  • Price per sqft$322

Amenities

  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

11/05/2025
Listed by Horvath & Tremblay
$7,500,000

Property Details for 108 Franklin St

Association

Amenities

  • 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

Exterior

Construction

  • Number Of Units Total: 30
  • Roof: Shingle
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1960
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 23,316
  • Building Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.50
  • Lot Size Area: 0
  • Lot Size Square Feet: 21,780
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $695,700.00
  • Operating Expense: $241,645.00

Taxes

  • Parcel Number: 2005591
  • Tax Annual Amount: $59,444.00
  • Tax Assessed Value: $5,737,800.00
  • Tax Year: 25

Interior

Measurements

  • Living Area: 23,316
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 30
  • Bathrooms Total Integer: 30
  • Bedrooms Total: 55
  • Rooms Total: 99

Parking

Parking

  • Parking Features: Off Street
  • Parking Total: 32

Utilities

Equipment

  • Electric: Individually Metered
  • Sewer: Public Sewer
  • Water Source: Public

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.