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62 Nahant St., Lynn MA 01901

Lynn, MA 01901 • Diamond District
$1,300,000
Est. $7,761/month
6,044
Sq Ft
$215
Price/Sq Ft
0.16
Acres
1893
Year Built
16 hours 21 minutes
Time on Market
Active Listed Jul 16, 2026 • MLS# 73550879 Copied! • Updated Jul 16, 2026

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
Jul 16, 2026
$1,300,000
Original listing
Agent: Jacob VanMeter Office: The Drumlin Group Inc.

Tax History

Year Taxes Assessment
2025 $11,844

Financial Details

Annual Property Tax
$11,844
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1893
Living Area 6,044 sq ft
Lot Size 0.16 acres
Gross Income $116,436
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $11,844
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyer And Buyer’s Agents To Do Own Due Diligence.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
Commercial Sale
Year Built
1893
Living Area
6,044 sq ft

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1893
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Nearby Schools

School information not available for this location.

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

Interest
Principal
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 Jul 16, 2026 11:16 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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