Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 06/19/2024
  • View/Area
  • Other
  • Exterior
  • Kitchen
  • Living
  • Bath

31 Franklin St, Lynn, MA 01902

  • $4,100,000

    Last sold 06/19/2024 for $3.52M

  • 18

    bed

  • 18

    bath

  • 11,316

    Sqft ($312/Sqft)

Multi-family not for sale
Movoto is helping 57 homebuyers near you

About 31 Franklin St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.27 Acre
Movoto estimate
Property description
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
Listing Agent - Dennis Kelleher
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#73247670 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Levels/Style 3
MLS # 73247670
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Side By Side
SqFt 11316
Lot Size (SqFt) 11761
Lot Size (Acres) 0.27
Annual Property Tax 34690
Year Built 1970
Interior
Total # of Bathrooms 18
# Full Baths 18
Total # of Bedrooms 18
Basement Unfinished
Total # of Rooms 54
Appliances Washer, Dryer
Exterior
Foundation Block
Roof Rubber
Parking Desc Off Street
# Parking Spaces 18
Lot Desc Other
Amenities / Utilities
Sewer Public Sewer
Electricity Individually Metered
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House Of Worship, Marina, Private School, Public School, T-Station, University
Zoning BD3
APN 2003625
Directions Please Use GPS
Multifamily Details
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)
Net Operating Income 168090
Operating Expense 138090
Total Actual Rent 25245
Gross Income 306180
Lot/ Land Details
Road Frontage Public
$4.1M
Range: $2.7M-$5.49M
Last 30 days 
  • Jun 2024
    mls logo MLS # 73247670
  • Jun 19, 2024 Active
    —
  • Jun 5, 2024 Listed
    $3,800,000
  • 31 Franklin St
    $3.52M
  • Central Lynn
    $494K +47% y/y
  • 01902
    $479K +36% y/y
  • Lynn
    $529K -8% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
3/10
Cobbet Elementary School
public Grades K-5
Lynn School District
N/A
William R Fallon Elementary School
public Grades 1-5
Lynn School District
1/10
Fecteau-Leary Junior/Senior High School
public Grades 6-12
Lynn School District
4/10
Breed Middle School
public Grades 6-8
Lynn School District
2/10
Classical High School
public Grades 9-12
Lynn School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Central Lynn

Explore everything this neighborhood has to offer. Learn more about Central Lynn.
View homes for sale in Central Lynn
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Lynn, MA

Nearby homes for sale in Lynn, MA

Newest listings in 01902

  • Real Estate
  • MA
  • Essex County
  • Lynn
  • 01902
  • Central Lynn
  • 31 Franklin St
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by MLS Property Information Network, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Massachusetts Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.