Under Agreement
62 Nahant St, Lynn, MA
Lynn · MA 01902
- $1,300,000
- Price
- 12
- Beds
- 4
- Baths
- 4041
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1893
Units:
12 Units
Lot size:
6,950 Sq.Ft Lot
Price per square foot:
$322 / Sq.Ft
Parking:
2 Garage Spaces · 6 Off Street Spaces
About this home
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.
Neighborhood & Transit
Diamond District
62 Nahant St, Lynn · MA 01902
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lynn Interim Commuter Rail 1 route 0.29 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 42 days
- Listing Price:
- $1,300,000
- Price per Sq.Ft:
- $322
- Tax Assessment:
- $1,200,200 in 2025
- Taxes:
- $987 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 4,041 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4041
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 110 Volts
Exterior Features
- Lot Size
- 6,950 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 2 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Jacob VanMeter
- Listing office
- The Drumlin Group Inc.
- MLS PIN #
- 73581071
- Disclosure
- Buyer and Buyer’s agents to do own due diligence.