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62 Nahant St.

Lynn, MA 01901
  • $1,300,000
  • STATUS: Active
  • MLS #: 73550879
UPDATED: 28 min ago
$1,300,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,044
    SQFT
  • $215
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1893
County:

School Ratings & Info

Listing courtesy of Jacob Vanmeter of The Drumlin Group Inc..

Description

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-08-07T23:04:23.793.
www.coastalnewenglandproperties.com/homes/178892311
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62 Nahant St. Lynn, MA 01901

  • Price: $1,300,000
  • Status: Active
  • On Site: Days
  • Updated: 28 min ago
  • MLS #: 73550879
0
Beds
0
Baths
0
½ Baths
0.16
Acres
6,044
SQFT
$215
$/SQFT
1893
Built
Neighborhood:
Diamond District
County:
Essex
Area:
Diamond District
Property Description
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.
Exterior Features

Roof Rubber Waterfront YN No

Interior Features

Building Area Total 6044

Property Features

Association YN No Business Type 5+ Residential Disclosures Buyer and Buyer’s agents to do own due diligence. Gross Income 116436 Home Warranty YN No Senior Community YN No Tax Annual Amount 11844 Tax Year 2025 Utilities Public WaterPublic Sewer Zoning R2

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Jacob Vanmeter of The Drumlin Group Inc.: 978-741-3696.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-08-07T23:04:23.793.
 
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Kinlin Grover Compass
45 Court Street
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Listing courtesy of Jacob Vanmeter of The Drumlin Group Inc..