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108 Franklin St 108 Franklin St 30 Unit Apartment Building $9,807,552 CAD ($326,918 CAD/Unit) 6.49% Cap Rate Lynn, MA 01902
Investment Highlights
- Access & Connectivity
- Value-Add Potential
- Strong Rental Demographics & Demands
- Area Amenities & Demand Drivers
- Off-Street Parking & Amenities
- Quality of Life Amenities
Executive Summary
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.
Property Facts
| Price | $9,807,552 CAD | Building Class | B |
| Price Per Unit | $326,918 CAD | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 27,972 SF |
| Cap Rate | 6.49% | No. Stories | 3 |
| No. Units | 30 | Year Built | 1960 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $9,807,552 CAD |
| Price Per Unit | $326,918 CAD |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 27,972 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
1 1
Very walkable
80/100
Fairly drivable
40/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | LYNN-000054-000719-000011 | Improvements Assessment | $4,476,360 CAD |
| Land Assessment | $3,359,523 CAD | Total Assessment | $7,835,884 CAD |
Property Taxes
Parcel Number
LYNN-000054-000719-000011
Land Assessment
$3,359,523 CAD
Improvements Assessment
$4,476,360 CAD
Total Assessment
$7,835,884 CAD
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108 Franklin St | 108 Franklin St
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