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Active

24 Cherry St, Lynn MA 01902

$1,490,000

Estimated $3,279/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $496,666.67

Total Rent: 96000/year

Estimated CAP Rate:

5 Bedrooms

Baths

3790

Total Parking: 2

6,055 (0.14)

Presenting 24 CHERRY STREET, a distinguished multi-family residence offering 3,790 square feet of CLASSICALLY designed living space. This three-story property represents a unique opportunity for CONVIENIENT urban living, blending historical integrity with contemporary functionality. The property encompasses a total of five bedrooms, providing SPACIOUS accommodations across its multiple levels. Each bedroom is thoughtfully proportioned to offer comfort and personal sanctuary. Complementing the living spaces are three full bathrooms, strategically placed to serve the residents and guests with convenience and privacy. The expansive 6,055 square foot lot provides a generous outdoor complement to the interior, offering potential for various landscaping or recreational pursuits. We invite you to explore the potential of this exceptional multi-family property as a PRIMARY RESIDENCE or SHREWD LONGTERM RENTAL INVESTMENT or CONDOS... All showings begin next week.

This home has been viewed 18 times

Last Checked: June 2nd, 2026 at 7:38am (Source: MLS PIN #73526044)

Gross Income: $96,000

Gross Expenses: $10,351

Net Income Calc: $85,649

Annual Expenses for 24 Cherry St, Lynn MA 01902

Total Gross Expenses (Calculated)$10,351/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10351

Annual Income & Unit Breakdown for 24 Cherry St, Lynn MA 01902

Total Gross Income (Calculated)$96,000

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 24 Cherry St, Lynn MA 01902

Listing ID73526044

Property TypeMulti Family / 3 Family

Price1490000 ($393.14/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS AreaDiamond District

Neighborhood(s)

Approximate Living Area Total3790

Approximate Lot Size (Acres)0.14

Total Parking2

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR1

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 24 Cherry St, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsWasher

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 24 Cherry St, Lynn MA 01902

Real Estate Taxes10351

Tax Year2025

Assessed Value$999,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 24 Cherry St, Lynn MA 01902

Neighborhood(s)

MLS AreaDiamond District

Area Amenities

Contact Information for 24 Cherry St, Lynn MA 01902

Agent

Name: John LaPlaca

Office

Name: Benoit Real Estate Group ,LLC

Phone: 617-764-5590

Payment Calculator

, Interest

Property Taxes 862.58

Principal & Interest 9180.91

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

John LaPlaca

Agent Phone

Office Phone

(617) 764-5590

Text Agent Call Agent Call Office

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EXIT

7 More Photos

Active

24 Cherry St, Lynn MA 01902

$1,490,000

Annual Expenses for 24 Cherry St, Lynn MA 01902

Annual Income & Unit Breakdown for 24 Cherry St, Lynn MA 01902

General Information for 24 Cherry St, Lynn MA 01902

Disclosures for 24 Cherry St, Lynn MA 01902

Financial Information for 24 Cherry St, Lynn MA 01902

Location Information for 24 Cherry St, Lynn MA 01902

Contact Information for 24 Cherry St, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

John LaPlaca