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49 Atlantic Terrace, Lynn MA 01902

$1,250,000

Estimated $3,095/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $416,666.67

Total Rent: 42600/year

Estimated CAP Rate:

4 Bedrooms

Baths

3750

Total Parking: 3

5,955 (0.14)

Beautiful multifamily home with unobstructed ocean views of Nahant bay. Located in Lynn's highly sought after diamond district neighborhood. This property presents a unique opportunity for investors, developers, and owner-occupants. Consisting of three units with a strong rental history. The 1st floor unit offers 4+ rooms,1 bedroom, living room, dining room, eat in kitchen, sunroom and 1 bath, 2nd floor unit offers 4 rooms, living room, kitchen, 2 bedrooms, 2 baths, and is currently vacant, 3rd floor unit offers 3 rooms, living room, kitchen 1 bedroom and a bath. Built in 1900 with 3,750 sq.ft. of living space and 5,955 sq.ft. of land. There are many period details, including windows, doors, fireplaces, hardwood floors, staircase and moldings. Coin operated newer washer and dryer in basement. One heating system, separate electric, Close to Beaches, North Shore Community College, Lynn Marina/Yacht Club and commuter rail to Boston. 3 car parking.

This home has been viewed 18 times

Last Checked: June 15th, 2026 at 5:20am (Source: MLS PIN #73533690)

Gross Income: $42,600

Gross Expenses: $12,817

Net Income Calc: $29,783

Water Views

Annual Expenses for 49 Atlantic Terrace, Lynn MA 01902

Total Gross Expenses (Calculated)$12,817/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12817.3

Annual Income & Unit Breakdown for 49 Atlantic Terrace, Lynn MA 01902

Total Gross Income (Calculated)$42,600

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 49 Atlantic Terrace, Lynn MA 01902

Listing ID73533690

Property TypeMulti Family / 3 Family

Price1250000 ($333.33/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total3750

Approximate Lot Size (Acres)0.14

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 49 Atlantic Terrace, Lynn MA 01902

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher/Dryer

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 49 Atlantic Terrace, Lynn MA 01902

Real Estate Taxes12817.3

Tax Year2026

Assessed Value$1,244,400

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 49 Atlantic Terrace, Lynn MA 01902

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 49 Atlantic Terrace, Lynn MA 01902

Agent

Name: Beth Jacobs

Office

Name: Coldwell Banker Realty - Marblehead

Phone: 781-631-9511

Payment Calculator

, Interest

Property Taxes 1068.11

Principal & Interest 7702.1

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Beth Jacobs

Agent Phone

Office Phone

(781) 631-9511

Text Agent Call Agent Call Office

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    [description] => Beautiful multifamily home with unobstructed ocean views of Nahant bay.  Located in Lynn's highly sought after diamond district neighborhood. This property presents a unique opportunity for investors, developers, and owner-occupants. Consisting of three units with a strong rental history.  The 1st  floor unit offers 4+ rooms,1 bedroom, living room, dining room, eat in kitchen, sunroom and 1 bath, 2nd floor unit offers 4 rooms, living room, kitchen, 2 bedrooms, 2 baths, and is currently vacant, 3rd floor unit  offers 3 rooms, living room, kitchen 1 bedroom and a  bath.  Built in 1900 with 3,750 sq.ft.  of living space and 5,955 sq.ft. of land.  There are many period details, including windows, doors, fireplaces, hardwood floors, staircase and moldings. Coin operated newer washer and dryer in basement. One heating system, separate electric, Close to Beaches, North Shore Community College, Lynn Marina/Yacht Club and commuter rail to Boston. 3 car parking.
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    [unparsed] => 49 Atlantic Terrace, Lynn MA 01902
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EXIT

31 More Photos

Active

49 Atlantic Terrace, Lynn MA 01902

$1,250,000

Annual Expenses for 49 Atlantic Terrace, Lynn MA 01902

Annual Income & Unit Breakdown for 49 Atlantic Terrace, Lynn MA 01902

General Information for 49 Atlantic Terrace, Lynn MA 01902

Disclosures for 49 Atlantic Terrace, Lynn MA 01902

Financial Information for 49 Atlantic Terrace, Lynn MA 01902

Location Information for 49 Atlantic Terrace, Lynn MA 01902

Contact Information for 49 Atlantic Terrace, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Marblehead

Beth Jacobs