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62 Nahant St., Lynn MA 01901

$1,300,000

Estimated $3,095/month Calculator

Multi Family

Total Units:

Price Per Unit: $1,300,000

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

6044

Total Parking: 0

6,952 (0.16)

62 Nahant St. located in Lynn’s Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.

This home has been viewed 28 times

Last Checked: July 21st, 2026 at 4:43am (Source: MLS PIN #73550879)

Gross Income: $0

Gross Expenses: $11,844

Net Income Calc: $11,844

Annual Expenses for 62 Nahant St., Lynn MA 01901

Total Gross Expenses (Calculated)$11,844/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11844

Annual Income & Unit Breakdown for 62 Nahant St., Lynn MA 01901

Total Gross Income (Calculated)$0

General Information for 62 Nahant St., Lynn MA 01901

Listing ID73550879

Property TypeMulti Family / 5+ Family

Price1300000

StyleResidential

CityLynn

CountyEssex

MLS AreaDiamond District

Neighborhood(s)

Approximate Living Area Total6044

Approximate Lot Size (Acres)0.16

Total Parking0

Year Built1893

Water

Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Zoning DetailsLegal Non-Conforming

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 62 Nahant St., Lynn MA 01901

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

ExclusionsTv In Family Room. Kitchen Island Bar Stools And Table Set Excluded But Sellers Will Entertain Set.

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 62 Nahant St., Lynn MA 01901

Real Estate Taxes11844

Tax Year2025

Assessed Value$0

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 62 Nahant St., Lynn MA 01901

Neighborhood(s)

MLS AreaDiamond District

Area Amenities

Contact Information for 62 Nahant St., Lynn MA 01901

Agent

Name: Jacob VanMeter

Office

Name: The Drumlin Group Inc.

Phone: 978-741-3696

Payment Calculator

, Interest

Property Taxes 987

Principal & Interest 8010.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Drumlin Group Inc.

Jacob VanMeter

Agent Phone

Office Phone

(978) 741-3696

Text Agent Call Agent Call Office

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EXIT

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