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62 Nahant St., Lynn MA 01901

$1,300,000

Estimated $3,095/month Calculator

Multi Family

Total Units: 12

Price Per Unit: $108,333.33

Total Rent: 28800/year

Estimated CAP Rate:

12 Bedrooms

Baths

4041

Total Parking: 10 (2 Garage)

6,950 (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 14 times

Last Checked: October 3rd, 2026 at 9:08am (Source: MLS PIN #73581071)

Gross Income: $28,800

Gross Expenses: $11,844

Net Income Calc: $16,956

Water Views

Annual Expenses for 62 Nahant St., Lynn MA 01901

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

APOD AvailableNo

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)$28,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor1

Levels in Unit0

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 62 Nahant St., Lynn MA 01901

Listing ID73581071

Property TypeMulti Family

Price1300000 ($321.7/SqFt)

Style5+ Family - Rooming House

CityLynn

CountyEssex

MLS AreaDiamond District

Neighborhood(s)

Approximate Living Area Total4041

Approximate Lot Size (Acres)0.16

Total Parking10 (2 Garage)

Garage Parking2

Year Built1893

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 62 Nahant St., Lynn MA 01901

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSwing 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$1,200,200

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 AmenitiesWalk/jog Trails

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

4 More Photos

Pending

62 Nahant St., Lynn MA 01901

$1,300,000

Annual Expenses for 62 Nahant St., Lynn MA 01901

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

General Information for 62 Nahant St., Lynn MA 01901

Disclosures for 62 Nahant St., Lynn MA 01901

Financial Information for 62 Nahant St., Lynn MA 01901

Location Information for 62 Nahant St., Lynn MA 01901

Contact Information for 62 Nahant St., Lynn MA 01901

Agent

Office

Payment Calculator

Exclusive Listing Agent

The Drumlin Group Inc.

Jacob VanMeter