108 Franklin St - Apartments FOR SALE


Lynn, MA 01902- North Suburbs-Essex
$7,500,000 USD
781-776-4000
108 Franklin St, Lynn, MA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/10
null | 6.01% Cap Rate

108 Franklin St
Lynn, MA 01902
North Suburbs-Essex


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Value-Add Potential
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demands
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 108 Franklin Street in Lynn, MA (the “Property”). The three-story building 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 with 23,316 square feet of gross living area and 27,972 square feet of gross area. 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 strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. The property benefits from proximity to major thoroughfares including Route 1A, Route 107, and Interstate 95, providing efficient regional access to Boston, Salem, and surrounding communities. Its walkable location near Lynn’s Central Square MBTA commuter rail station, retail amenities, and waterfront recreation enhance both livability and tenant appeal.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

30

PRICE/UNIT

$250,000

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

108 Franklin St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R4

APN/PARCEL ID

LYNN-000054-000719-000011

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.