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Est. Mortgage: $/month

Federal 30-year interest rate: 6.66% last updated on 2026-08-27

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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31 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 0190231 Franklin Street Lynn MA 01902
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  • 18Bedrooms
  • 18Bathrooms
  • 11,316Square Feet
31 Franklin Street contains eighteen 1-Bedroom/1-Bathroom units. The well-maintained Property features an on-site laundry facility, storage units and eighteen on-site parking spaces. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply constrained residential market. The Property is well-located along Franklin Street and is 0.1-miles from Market Street and 0.3-miles from Western Avenue. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, North Shore Community College, and Lynn Beach.
Listed by Dennis Kelleher of Horvath & Tremblay

Listing Sold by Horvath & Tremblay

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $306,180
  • Lot Features Other
  • Mls StatusSold
  • Parcel Number 2003625
  • Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FoundationBlock
  • Rooms54
  • Stories3
  • Units18
  • Year Built1970
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Appliances IncludedWasher, Dryer
  • Other AmenitiesBasement, Golf

Tax Information

  • Tax Assessed Value $3,294,400
  • Tax Year 24
  • Taxes$34,690

Basic Information

  • GO-List Price$3,800,000
  • MLS Number73247670
  • Modification Date08/12/2024
  • Property SubType5+ Family - 5+ Units Side by Side
  • Purchase Contract Date06/19/2024
  • Sale Date08/12/2024
  • Sale Price$3,525,000

Property

  • Acreage0.27

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 11,316
  • Lot Size Square Feet 11,761
  • Lot Size Units Acres
  • Square Feet11,316

Parking

  • Parking Features Off Street
  • Parking Spaces18

Rooms

  • Bathroom18
  • Bathrooms Total Decimal 18
  • Bedrooms18
  • Full Bath18

Location

  • Address31 Franklin Street
  • Building Number31
  • CountyEssex
  • StateMA
  • StreetFranklin Street
  • TownLynn
  • Zip01902

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2%
  • Date Listed06/05/2024
  • Farm Land Area Units Square Feet

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

I agree to receive marketing and customer service calls and text messages from Levi Test Cloner2. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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