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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 12 |
| Living area | 4,041 sqft |
| Lot size | 6,950 sqft |
| Year built | 1893 |
| Price / sqft | $322 |
| County | Essex |
| MLS # | 73581071 |
Listing status
| Days on market | 0 days |
| Listed on | September 22, 2026 |
Taxes & financials
| Annual property tax | $11,844 |
| Tax year | 2025 |
| Assessed value | $1,200,200 |
| Zoning | R2 |
| Gross income (actual) | $28,800/yr |
| Net operating income (actual) | $28,800/yr |
| Total actual rent | $12,958/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.16 acres |
| Garage spaces | 2 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Stone |
| Flooring | Wood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Lynn →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 62 Nahant St., Lynn MA 01901 have?
It is a 12-unit multi-family property with 4,041 sqft of living area, built in 1893.
How long has 62 Nahant St., Lynn MA 01901 been on the market?
62 Nahant St., Lynn MA 01901 has been listed for 0 days (since September 22, 2026).
What is the price per unit?
At a list price of $1,300,000 across 12 units, that works out to roughly $108,333 per unit.
What are the property taxes on 62 Nahant St., Lynn MA 01901?
Annual property taxes are $11,844 (2025), on an assessed value of $1,200,200.
What is the price per square foot?
At $1,300,000 for 4,041 sqft, that's about $322 per square foot.
Is there parking?
2 garage spaces and 8 total parking spaces (paved drive, off street).
Where is this property located?
62 Nahant St., Lynn MA 01901 is in Lynn, Essex County, MA 01901.
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