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Active

108 Franklin St

Lynn, MA 01902

$7,200,000
55Bedrooms
30Bathrooms
23,316Square feet
1960Year built

Residential Income · Active · MLS #73504665
Listing Courtesy of Horvath & Tremblay | Stephen Girolamo

MLS PIN data

About this home

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

Property information

Details at a glance

Interior

Rooms
99

Building

Style
5+ Family - 5+ Units Up/Down
Year built
1960
Parking
32
Foundation
Other
Roof
Shingle

Land & utilities

Lot size
0.5 acres
Water
Public
Sewer
Public Sewer
Zoning
R3

Financial

Annual taxes
$60,302
Assessment year
2026

Listing history

Price and status timeline

  1. Exp

    $7,500,000 · Nov 5, 2025

Property value estimate

An informed starting point

Estimated value$11,205,229

Estimated range $9,531,267$12,879,191

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationbelow average

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Lynn

MetricThis propertyLynn
List price$7,200,000$1,125,000540% above local
Price / sq ft$309$3193% below local
Days on market13549176% above local
Explore homes in Lynn

Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

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Common questions

About 108 Franklin St

Can I schedule a private showing?

Yes. Request a tour of 108 Franklin St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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