9-Unit Multifamily
139 Franklin Street Lynn, MA 01902
For Sale
Contact for pricing
Three-story 9-unit building with a mix of eight two-bedroom units and one three-bedroom unit in Downtown Lynn.
Property Size10,262 SF
Price / SF$202.20
Days on Market87
Property Features for 139 Franklin Street
General Information
- Standard status
- Active
- Size
- 10,262 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
North Shore Realty Advisors
(617) 548-7737
Listed By:
Dan Pouladian · License #MA 423847
Source:
Crexi
Added: May 1
Changed: Jul 22
Last Checked: Jul 25 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Shore Realty Advisors
Investment Insights
Based on property information with market context.
Exclusively offered, 139 Franklin Street is a three-story multifamily building comprising nine total units. The property features eight two-bedroom units and one three-bedroom unit, providing a balanced unit mix for tenant fit and day-to-day leasing flexibility.
Located in Downtown Lynn, the building is described as being moments from the commercial core and waterfront. The Lynn MBTA Station is noted as providing direct commuter rail service into Boston, and Routes 1A, 129, and the Lynnway are cited for regional connectivity.
With living area of 7,565± square feet and total gross area of 10,262± square feet, this is a compact, income-focused apartment building offering for investors seeking a downtown multifamily asset.
Located in Downtown Lynn, the building is described as being moments from the commercial core and waterfront. The Lynn MBTA Station is noted as providing direct commuter rail service into Boston, and Routes 1A, 129, and the Lynnway are cited for regional connectivity.
With living area of 7,565± square feet and total gross area of 10,262± square feet, this is a compact, income-focused apartment building offering for investors seeking a downtown multifamily asset.
Key Highlights
- 9‑unit, three‑story multifamily building at 139 Franklin Street in Downtown Lynn
- 8 two‑bedroom units and 1 three‑bedroom unit unit mix
- 7,565± SF of living area and 10,262± SF of total gross area
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.5k | $33.96 |
| − Vacancy | −$22.7k | −$2.21 |
| EGI | $325.8k | $31.75 |
| − OpEx | −$146.6k | −$14.29 |
| NOI | $179.2k | $17.46 |
10,262 SF · lease $33.96/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.56M
$2.24M – $2.99M
NOI $179,215 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,169 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three-story 9-unit building with a mix of eight two-bedroom units and one three-bedroom unit in Downtown Lynn.
Where is this apartment building located?
The property is located at 139 Franklin Street Lynn, MA.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: 9‑unit, three‑story multifamily building at 139 Franklin Street in Downtown Lynn; 8 two‑bedroom units and 1 three‑bedroom unit unit mix; 7,565± SF of living area and 10,262± SF of total gross area
