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24 Cherry St, Lynn MA 01902

Lynn, MA 01902 • Diamond District
$1,490,000
$1,290,000
Est. $7,586/month
5
Beds
3
Baths
4,300
Sq Ft
$300
Price/Sq Ft
0.14
Acres
1900
Year Built
2
Parking
Active Under Contract Price Drop -$200,000 Listed May 28, 2026 • MLS# 73526044 Copied! • Updated Jul 13, 2026

About this home

Presenting 24 CHERRY STREET, a distinguished multi-family residence offering 4,300 plus 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.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
63.2%
Price Range
1
Previous Sales

Property Timeline

📋
Status: Active under contract
Jul 13, 2026
Active → Active Under Contract
Price Reduced
Jul 8, 2026
$1,290,000 $100,000 (-7.19%)
From $1,390,000 to $1,290,000 (-7.2%)
Price Reduced
Jun 19, 2026
$1,390,000 $100,000 (-6.71%)
From $1,490,000 to $1,390,000 (-6.7%)
👁️
Showing Instructions Updated
May 28, 2026
New showing requirements
🏠
Listed for Sale
May 28, 2026
$1,490,000
Original listing
Agent: John LaPlaca Office: Benoit Real Estate Group ,LLC
Previous Transaction - MLS #72063426
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 31, 2017
$549,000
MLS #72063426

Tax History

Year Taxes Assessment
2025 $10,351 $999,100

Financial Details

Annual Property Tax
$10,351
Tax Year 2025
Assessed Value
$999,100

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 4,300 sq ft
Lot Size 0.14 acres
Bedrooms 5
Full Baths 3
Total Rooms 14

Investment Metrics

Units 3
Unit 1 Rent $3,200/mo · N
Unit 2 Rent $3,000/mo · N
Unit 3 Rent $1,800/mo · N
Total Monthly Rent $8,000/mo
Gross Income $110,400
Net Operating Income $110,400
Cap Rate 8.56%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 1
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,351
Assessed Value $999,100
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Owner
Documents None
County Essex
Total market time (incl. prior listings) 46 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
3
Living Area
4,300 sq ft
Total Rooms
14
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Block, Stone, Brick/Mortar, Granite
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $863
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Diamond District

24 Cherry St, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Agent John LaPlaca
Listing Office Benoit Real Estate Group ,LLC
Office Phone 617-764-5590
Agent MLS ID BB800910
Office MLS ID BB5745
Listing Data Updated Jul 13, 2026 2:09 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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