62 Nahant St., Lynn MA 01901
Lynn, MA 01901 • Diamond District
$1,300,000
Est. $7,761/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 22, 2026
$1,300,000
Original listing
Agent: Jacob VanMeter
Office: The Drumlin Group Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/22/2026 | 🏠 Listed for Sale | $1,300,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $11,844 | $1,200,200 |
Financial Details
Annual Property Tax
$11,844
Tax Year 2025
Assessed Value
$1,200,200
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
5+ Family - Rooming House
Year Built
1893
Living Area
4,041 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
12
Full Baths
4
Total Rooms
12
Investment Metrics
Units
12
Unit 1 Rent
$1,200/mo · N
Unit 2 Rent
$1,200/mo · N
Total Monthly Rent
$2,400/mo
Gross Income
$28,800
Net Operating Income
$28,800
Cap Rate
2.22%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
Sprinkler System
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
8
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,844
Assessed Value
$1,200,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Buyer And Buyer’s Agents To Do Own Due Diligence.
Exclusions
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
5+ Family - Rooming House
Listing Type
For Sale
Year Built
1893
Bedrooms
12
Full Bathrooms
4
Living Area
4,041 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,041 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1893
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Sprinkler System
Patio & Porch:
Porch
Fencing:
Fenced
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
8
Parking Features:
Paved Drive, Off Street
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Laundromat, Highway Access, Public School, T-Station
Nearby Schools
School District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
3 schools
C-
E. J. Harrington Elementary School
0.2 mi
|
#721 of 825
|
Score: 34.3
Improved 72 spots from last year
-23.9 below state avg
685 students
Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.4 mi
|
#667 of 825
|
Score: 37.5
Improved 122 spots from last year
-20.7 below state avg
330 students
Moderate
Rising School
Grades K-05
C-
Ingalls School
0.7 mi
|
#672 of 825
|
Score: 37.2
Improved 126 spots from last year
-21 below state avg
620 students
Less Diverse
Rising School
Grades K-05
Middle Schools
3 schools
C-
Thurgood Marshall Middle School
0.7 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
B+
Swampscott Middle School
1.9 mi
|
#122 of 352
|
Score: 47.4
Dropped 51 spots from last year
-10.9 below state avg
663 students
Moderate
Grades PK-08
C+
Pickering Middle School
2.0 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
B+
Fredrick Douglass Collegiate Academy
0.3 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students
Moderate
Early College Program
Rising School
Grades 06-12
St. Mary's High School
0.7 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.9 mi
259 students
Moderate
Grades 06-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$987
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Diamond District
62 Nahant St., Lynn MA 01901
Lynn, MA 01901
Listing Information
Listing Agent
Jacob VanMeter
Listing Office
The Drumlin Group Inc.
Office Phone
978-741-3696
Agent MLS ID
CN234934
Office MLS ID
C95118
Listing Data Updated
Sep 22, 2026 5:55 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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