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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 3,790 sqft |
| Lot size | 6,055 sqft |
| Year built | 1900 |
| Price / sqft | $393 |
| County | Essex |
| MLS # | 73526044 |
Listing status
| Days on market | 4 days |
| Listed on | May 28, 2026 |
Taxes & financials
| Annual property tax | $10,351 |
| Tax year | 2025 |
| Assessed value | $999,100 |
| Zoning | R1 |
| Gross income (actual) | $110,400/yr |
| Net operating income (actual) | $110,400/yr |
| Total actual rent | $8,000/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.14 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive |
| Foundation | Block, Stone, Brick/Mortar, Granite |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Benoit Real Estate Group ,LLC — John LaPlaca. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 24 Cherry St, Lynn MA 01902 have?
It is a 3-unit multi-family property with 3,790 sqft of living area, built in 1900.
How long has 24 Cherry St, Lynn MA 01902 been on the market?
24 Cherry St, Lynn MA 01902 has been listed for 4 days (since May 28, 2026).
What is the estimated cap rate on this 3-family in Lynn?
Based on area median rents, the estimated cap rate is about 3.6%, with a Signal Score of 67/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,490,000 across 3 units, that works out to roughly $496,667 per unit.
What are the property taxes on 24 Cherry St, Lynn MA 01902?
Annual property taxes are $10,351 (2025), on an assessed value of $999,100.
What is the price per square foot?
At $1,490,000 for 3,790 sqft, that's about $393 per square foot.
Is there parking?
2 total parking spaces (paved drive).
Where is this property located?
24 Cherry St, Lynn MA 01902 is in Lynn, Essex County, MA 01902.
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