62 Nahant St. Lynn — Photo 1 of 7
$1,300,000
Investment Analysis — 62 Nahant St.
Lynn, MA 01901 — Diamond District
Based on rent reported on the MLS listing, a 12-unit multi-family in 01901 carries $12,958/mo in gross rent — about a 8.18% cap rate and $106,333/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
4
SqFt
4,041
Style
5+ Family - Rooming House
Built
1893
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Laundromat • Highway Access • Public School • T-Station
Geography
Property History
$1,300,000
Sep 22, 2026
MLS® 73581071
$1,300,000
Jul 16, 2026
MLS® 73550879
Listing Agent: Jacob Vanmeter
Listing Office: RE/MAX 360
MLS® Number: 73581071