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For sale
Duplexes
MA
Lynn
01902
120-124 Sheridan St

Spacious Two-Family Home in Lynn

120-124 Sheridan St, Lynn, MA 01902

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For Sale

$749,999

Well-maintained, vacant two-family home with potential for owner-occupants or investors.

Type:Multi Family

Property size:

2,411 SF

Price / SF:

$311/SF

HighLights

Delivered Fully Vacant: Ideal for owner‑occupants or investors.
Spacious Two‑Family Home: Offers ample living space in both units.
Two‑Car Garage: Provides secure parking.
First‑Floor Unit Features: Hardwood floors, built‑in cabinets, crown moldings, a separate laundry room, three bedrooms, additional living space and a private deck area.
Second‑Floor Unit Features: Includes 3 bedrooms and its own deck, offering a bright and inviting space.
New Navien Heating System (Second Floor): Ensures efficient and reliable heating.

We can help!

Contact an agent

Montero Realty Group

Learn more

For Sale

$749,999

Well-maintained, vacant two-family home with potential for owner-occupants or investors.

Type:Multi Family

Property size:

2,411 SF

Price / SF:

$311/SF

Added:: Apr 10, 2026
Days on Market:: 80
Last Refresh:: Apr 20 at 6:38 pm

Property Features for 120-124 Sheridan St

General Information

Standard status: Active
Size: 2,411 SF
Property subtype: Multi Family

Building Details

Year Built: 1900

We can help!

Contact an agent

Montero Realty Group

Listing office Realty One Group Nest

Listing date Apr 10, 2026

Source Lockandkeyre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Nest

HighLights

Delivered Fully Vacant: Ideal for owner‑occupants or investors.
Spacious Two‑Family Home: Offers ample living space in both units.
Two‑Car Garage: Provides secure parking.
First‑Floor Unit Features: Hardwood floors, built‑in cabinets, crown moldings, a separate laundry room, three bedrooms, additional living space and a private deck area.
Second‑Floor Unit Features: Includes 3 bedrooms and its own deck, offering a bright and inviting space.
New Navien Heating System (Second Floor): Ensures efficient and reliable heating.

Overview

This well-maintained two-family home in Lynn offers a spacious layout suitable for both owner-occupants and investors. The property will be delivered fully vacant. The first-floor unit features hardwood floors, built-in cabinets, crown moldings, a separate laundry room, three bedrooms, additional living space, and a private deck area. The second-floor unit is also generously sized with three bedrooms and its own deck, providing a bright and inviting space. Additional features include a two-car garage with potential for possible ADU conversion, subject to buyer’s due diligence, a new Navien heating system for the second floor, a nice-sized yard, and plenty of parking. The property size is 2411 square feet. Solar panels are no longer connected but will convey with the property at no additional cost.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.8k	$30.60
− Vacancy	−$4.6k	−$1.89
EGI	$69.2k	$28.71
− OpEx	−$20.8k	−$8.61
NOI	$48.5k	$20.10

2,411 SF · lease $30.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$692.2K

$605.7K – $807.6K (±1% cap)

NOI $48,457 @ 7.0% cap · market cap 6.46%

Second Best

Apartment 5plus

$601.5K

$526.3K – $701.8K (±1% cap)

NOI $42,106 @ 7.0% cap · market cap 5.61%

Theoretical Best

Office A

$853.1K

$746.5K – $995.3K (±1% cap)

NOI $59,716 @ 7.0% cap · market cap 7.96%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lynn
County: Essex
State: Massachusetts
Longitude: -70.9430744
Latitude: 42.4726741

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For sale
Duplexes
MA
Lynn
01902
120-124 Sheridan St

What type of property is this?

Duplex - Well-maintained, vacant two-family home with potential for owner-occupants or investors.

Where is this duplex located?

The property is located at 120-124 Sheridan St Lynn, MA.

What is the asking price?

The asking price for this property is $749,999.

What are key features of this property?

This property features: Delivered Fully Vacant: Ideal for owner‑occupants or investors.; Spacious Two‑Family Home: Offers ample living space in both units.; Two‑Car Garage: Provides secure parking.