62 Nahant St., Lynn, MA 01901
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$1,300,000
Type: 5+ Residential
Lease Type N/A
6044 Bldg. SQFT
4 Restroom
Parking: N/A

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.

Property Details tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Non-Conforming
  • MLS ID#: 73550879

Financial

  • Gross Annual Income: 116436

Building Information

  • Total SQFT: 6044
  • Total Restrooms: 4

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/20/2026Active$1,300,000$215MLSPIN
07/16/2026New$1,300,000$215MLSPIN
02/15/2025Expired$1,450,000$359MLSPIN
02/04/2025Active$1,450,000$359MLSPIN
01/31/2025Extended$1,450,000$359MLSPIN
10/12/2024Active$1,450,000$359MLSPIN
10/08/2024Price Change$1,450,000$359MLSPIN
09/29/2024Active$1,599,000$396MLSPIN
09/25/2024Extended$1,599,000$396MLSPIN
05/05/2024Active$1,599,000$396MLSPIN
05/01/2024Extended$1,599,000$396MLSPIN
02/04/2024Active$1,599,000$396MLSPIN
01/31/2024Extended$1,599,000$396MLSPIN
10/27/2023Active$1,599,000$396MLSPIN
10/23/2023New$1,599,000$396MLSPIN

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Seller's Representative: Jacob VanMeter, The Drumlin Group Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-07-20 03:05:00