$1,995,000
$1,975,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
138 Franklin Lynn, MA 01902
14 Beds
8 Baths
7,072 SqFt
Key Details
Sold Price $1,995,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,072 sqft
Price per Sqft $282
MLS Listing ID 73502739
Sold Date 06/12/26
Bedrooms 14
Full Baths 8
Year Built 1988
Annual Tax Amount $16,911
Tax Year 2026
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 5-9 Family
Property Description
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
Location
State MA
County Essex
Zoning B
Direction Western Ave to Franklin
Rooms
Basement Full, Partially Finished, Concrete
Interior
Flooring Wood, Tile, Vinyl
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Utilities Available for Gas Range, for Gas Oven
Roof Type Rubber
Total Parking Spaces 8
Garage No
Building
Lot Description Easements, Level
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Shaundize Moosavizadeh • Coldwell Banker Realty - Boston
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