24 Cherry St, Lynn MA 01902
Lynn, MA 01902 • Diamond District
$1,490,000
$1,220,000
Est. $7,232/month
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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
4
Price Changes
18.1%
Price Range
Property Timeline
Price Reduced
Aug 13, 2026
$1,220,000
$30,000
(-2.4%)
From $1,250,000 to $1,220,000 (-2.4%)
Price Reduced
Jul 30, 2026
$1,250,000
$40,000
(-3.1%)
From $1,290,000 to $1,250,000 (-3.1%)
Back On Market
Jul 24, 2026
Active
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/13/2026 | ↓ Price Reduced | $1,220,000 | $30,000 | - | From $1,250,000 to $1,220,000 (-2.4%) |
| 07/30/2026 | ↓ Price Reduced | $1,250,000 | $40,000 | - | From $1,290,000 to $1,250,000 (-3.1%) |
| 07/24/2026 | • Back On Market | - | - | - | Active |
| 07/13/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/08/2026 | ↓ Price Reduced | $1,290,000 | $100,000 | - | From $1,390,000 to $1,290,000 (-7.2%) |
| 06/19/2026 | ↓ Price Reduced | $1,390,000 | $100,000 | - | From $1,490,000 to $1,390,000 (-6.7%) |
| 05/28/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/28/2026 | 🏠 Listed for Sale | $1,490,000 | - | - | Original listing |
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
Stories
3
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
9.05%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
1
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,351
Assessed Value
$999,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Owner
Documents
None
County
Essex
Total market time (incl. prior listings)
81 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,300 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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 District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
3 schools
C-
Brickett Elementary School
0.1 mi
|
#688 of 824
|
Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students
Moderate
Rising School
Grades K-05
C-
E. J. Harrington Elementary School
0.4 mi
|
#717 of 824
|
Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students
Moderate
Rising School
Grades PK-05
C-
Ingalls School
0.6 mi
|
#673 of 824
|
Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students
Moderate
Rising School
Grades K-05
Middle Schools
3 schools
C-
Thurgood Marshall Middle School
0.4 mi
|
#311 of 352
|
Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students
Moderate
Rising School
Grades 06-08
B+
Swampscott Middle School
1.6 mi
|
#122 of 352
|
Score: 47.2
Dropped 51 spots from last year
-11 below state avg
654 students
Moderate
Grades PK-08
C+
Pickering Middle School
2.0 mi
|
#226 of 352
|
Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
B
Fredrick Douglass Collegiate Academy
0.7 mi
|
#12 of 25
|
Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students
Moderate
Early College Program
Rising School
Grades 06-12
St. Mary's High School
1.0 mi
Grades 07-12
D
Lynn English High School
1.0 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Learn about these ratings
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
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
Aug 17, 2026 3:05 AM 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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