Description
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 mar
Details
| MLS # | 73504665 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 191 |
| Listing Provided By | Horvath & Tremblay | Stephen Girolamo |
Features
| Bed(s) | 55 |
|---|---|
| Bath(s) | 30 Total |
| SQ Feet | 23,316 |
| Story(s) | 5 |
| Units | 30 |
| Zoning | R3 |
| Acreage | 0.50 |
| Golf Course | Yes |
Interior
| Rooms Total | 99 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Individually Metered |
Taxes
| Tax Annual Amount | 60302 |
|---|---|
| Tax Assessed Value | 5854600 |
| Tax Year | 2026 |
Location
| 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 |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $7,200,000 low | high Med: $322,400 sqft: 23,316 low | high Med: 843 $ / sqft: $309 low | high Med: $383 On site: 191 low | high Med: 33 | |
Market Activity 01902
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $7,200,000 low | high Med: $322,400 sqft: 23,316 low | high Med: 843 $ / sqft: $309 low | high Med: $383 On site: 191 low | high Med: 33 | |