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$1,300,000
 $6,979 est/mo Sourced by Back At You

62 Nahant St.,Lynn, MA 01901

Lynn, MA 01901

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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.

Details

MLS #73581071
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1893
Days On Site33
Listing Provided ByThe Drumlin Group Inc. | Jacob VanMeter

Features

Bed(s)12
Bath(s) 4 Total
SQ Feet4,041
Garage2
BasementY
Story(s)3
Units12
ZoningR2
Acreage0.16
Water FrontYes

Interior

Rooms Total12
Fireplaces Total2
Fireplace Yes / NoYes
FlooringWood

Exterior

Exterior FeaturesSprinkler System
Foundation DetailsStone
Lot FeaturesCorner Lot, Level
FencingFenced

Parking

Garage Yes / NoYes
Parking FeaturesPaved Drive, Off Street
Open Parking Yes / NoYes

Utilities

SewerPublic Sewer
Electric110 Volts

Taxes

Tax Annual Amount11844
Tax Assessed Value1200200
Tax Block579
Tax Lot019
Tax Year2025
Tax Map Number081

Location

Community FeaturesPublic Transportation, Shopping, Laundromat, Highway Access, Public School, T-Station
Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CityLynn
Zip Code01901
AreaDiamond District
Listing VS Median (in 01901)
Price:
$1,300,000
low | high
Med:
$1,960
100% of Average
sqft:
4,041
low | high
Med:
9,999
97.438752783964% of Average
$ / sqft:
$322
low | high
Med:
$0
100% of Average
On site:
33
low | high
Med:
32
100% of Average
Sourced by Back At You

Market Activity 01901

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Additional Information

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Learn More About This Property

Betsy Doolan

Betsy Doolan

HK Realty

009993 (603) 234-8264betsy.doolan@h-krealty.com
StateMA
CountyEssex
CityLynn
Zip Code01901
AreaDiamond District
Listing VS Median (in 01901)
Price:
$1,300,000
low | high
Med:
$1,960
100% of Average
sqft:
4,041
low | high
Med:
9,999
97.438752783964% of Average
$ / sqft:
$322
low | high
Med:
$0
100% of Average
On site:
33
low | high
Med:
32
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $975K - $1.625M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
47 Broad St Property Photo 1
$1,249,900
47 Broad St
Lynn, MA 01902
11 Tudor St Property Photo 1
$1,060,000
11 Tudor St
Lynn, MA 01902
Listing Updated: October 2, 2026 at 10:42:39 AM PDT

Betsy Doolan - HK Realty