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    81A-83 Franklin St Lynn, MA 01902

    For Sale
    $2,015,000

    Eight-unit multifamily property with value-add potential in Lynn, MA.

    Lot size:
    0.10 Acres

    Property Features for 81A-83 Franklin St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1910

    Source: Boston Realty Advisors Agent Kevin Benzinger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment Opportunity in Lynn

    This multifamily property at 81A-83 Franklin Street in Lynn, MA, features two buildings with a total of eight units. One building contains two units: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. The other building comprises six units, each with two bedrooms and one bathroom. The units offer spacious living arrangements. The property benefits from its location with access to local amenities and connectivity, including multiple bus routes and the MBTA train station, providing convenient transportation to downtown Lynn and Boston. This property presents an opportunity for investors, with potential for value-add improvements and long-term growth.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9555551
    Latitude
    42.4666739

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property with value-add potential in Lynn, MA.
    Where is this apartment building located?
    The property is located at 81A-83 Franklin St Lynn, MA.
    What is the asking price?
    The asking price for this property is $2,015,000.
    What are key features of this property?
    This property features: - 8-unit multifamily property; - Two buildings included in the deal; - Attractive mix of 1-bedroom and 2-bedroom units
    (860) 424-7613
    Request Owner's contact information
    81A-83 Franklin St Lynn, MA 01902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81A-83 Franklin St Lynn, MA 01902
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